120, SEVERN WAY, BLETCHLEY, MILTON KEYNES, MK3 7QB - £330,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

120 SEVERN WAY is a very small detached house of 76m², built sometime between 1967 and 1975. It was last sold for £330,000 in June 2017, which was around 23% below the average June 2017 detached price in the Milton Keynes local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

120 SEVERN WAY Sold Prices

Land registry data shows two sales for 120 SEVERN 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 120 SEVERN 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
2017 16 JUN	£330,000	£426,407	23% below HPI
2016 10 JUN	£249,500	£408,702	39% below HPI

120 SEVERN 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 120 SEVERN WAY sales from June 2016 and June 2017 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 June 2016 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the June 2017 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 120 SEVERN WAY?

120 SEVERN WAY is 76m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 20% of detached houses in Bletchley, based on EPC data. The below chart shows the distribution of detached houses by size in Bletchley, and where 120 SEVERN WAY lies on this distribution: 12% of detached houses are smaller than 120 SEVERN WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

120 SEVERN WAY: Plot and Title Map

120 SEVERN WAY sits on a plot of roughly 0.066 of an acre, or 265m². The below map shows the location of 120 SEVERN 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 120 SEVERN 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 120 SEVERN WAY?

120 SEVERN WAY is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 120 on SEVERN WAY.