12, MERSEY WAY, BLETCHLEY, MILTON KEYNES, MK3 7QH - £190,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

12 MERSEY WAY is a very small detached house of 76m², built sometime between 1967 and 1975, which could now be worth an estimated £388,861. It was last sold for £190,000 in May 2011, which was around 31% below the average May 2011 detached price in the Milton Keynes local authority area. The most recent EPC inspection was March 2009, where the current energy rating was E, and the potential energy rating was C.

12 MERSEY WAY Sold Prices

Land registry data shows two sales for 12 MERSEY WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 12 MERSEY WAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2011 27 MAY	£190,000	£276,270	31% below HPI
1999 5 FEB	£84,000	£111,837	25% below HPI

12 MERSEY WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The two 12 MERSEY WAY sales from February 1999 and May 2011 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 1999 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the May 2011 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 12 MERSEY WAY be worth now?

12 MERSEY WAY might now be worth an estimated £388,861.

This is based on house price inflation of 104.7%, between May 2011 and February 2025, for detached houses, in the Milton Keynes local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 104.7% inflationary increase is applied to the most recent sale price for 12 MERSEY WAY of £190,000 on 27th May 2011. For the value to have increased from £190,000 to £388,861 over the fourteen years and three months to February 2025, the following assumptions must hold true:

• The value of 12 MERSEY WAY has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The May 2011 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MERSEY WAY has not materially changed since May 2011.

How Large is 12 MERSEY WAY?

12 MERSEY WAY is 76m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 20% of detached houses houses in Bletchley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bletchley, and where 12 MERSEY WAY lies on this distribution: 12% of detached houses houses are smaller than 12 MERSEY WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

12 MERSEY WAY: Plot and Title Map

12 MERSEY WAY sits on a plot of roughly 0.093 of an acre, or 376m². The below map shows the location of 12 MERSEY WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 12 MERSEY WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 12 MERSEY WAY?

12 MERSEY WAY is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 12 on MERSEY WAY.