122, SEVERN WAY, BLETCHLEY, MILTON KEYNES, MK3 7QB - £320,000

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

122 SEVERN WAY is a midsized extended detached house of 116m², built sometime between 1950 and 1966. It was last sold for £320,000 in October 2020, which was around 28% below the average October 2020 detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was C.

122 SEVERN WAY Sold Prices

Land registry data shows two sales for 122 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 122 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
2020 5 OCT	£320,000	£444,494	28% below HPI
2016 11 AUG	£300,000	£417,272	28% below HPI

122 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 122 SEVERN WAY sales from August 2016 and October 2020 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 August 2016 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the October 2020 sale, which was also at 28% below the HPI.

How Large is 122 SEVERN WAY?

122 SEVERN WAY is 116m², which includes one extension, according to the EPC inspection conducted in February 2016. This puts it in the largest 50% of detached houses in Bletchley, based on EPC data. The below chart shows the distribution of detached houses by size in Bletchley, and where 122 SEVERN WAY lies on this distribution: 55% of detached houses are smaller than 122 SEVERN WAY, and 45% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

122 SEVERN WAY: Plot and Title Map

122 SEVERN WAY sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 122 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 122 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 122 SEVERN WAY?

122 SEVERN WAY is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 122 on SEVERN WAY.