15, MERSEY WAY, BLETCHLEY, MILTON KEYNES, MK3 7QJ - £280,000

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

15 MERSEY WAY is a very small extended semi-detached house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £363,877. It was last sold for £280,000 in May 2017, which was around 8% above the average May 2017 semi-detached price in the Milton Keynes local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

15 MERSEY WAY Sold Prices

Land registry data shows three sales for 15 MERSEY WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Milton Keynes local authority area for the corresponding sale date. Two of the three 15 MERSEY WAY sales were for above the average price, whilst one was 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 26 MAY	£280,000	£259,123	8% above HPI
2005 4 OCT	£176,500	£154,269	14% above HPI
2005 28 JAN	£148,000	£153,288	3% below HPI

15 MERSEY WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The three 15 MERSEY WAY sales between January 2005 and May 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 October 2005 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the May 2017 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 15 MERSEY WAY be worth now?

15 MERSEY WAY might now be worth an estimated £363,877.

This is based on house price inflation of 30%, between May 2017 and February 2025, for semi-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 30% inflationary increase is applied to the most recent sale price for 15 MERSEY WAY of £280,000 on 26th May 2017. For the value to have increased from £280,000 to £363,877 over the eight years and three months to February 2025, the following assumptions must hold true:

• The value of 15 MERSEY WAY has moved in line with the HPI for semi-detached houses in the Milton Keynes local authority area.
• The May 2017 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MERSEY WAY has not materially changed since May 2017.

How Large is 15 MERSEY WAY?

15 MERSEY WAY is 85m², which includes two extensions, according to the EPC inspection conducted in June 2012. This puts it in the smallest 20% of semi-detached houses houses in Bletchley, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bletchley, and where 15 MERSEY WAY lies on this distribution: 19% of semi-detached houses houses are smaller than 15 MERSEY WAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

15 MERSEY WAY: Plot and Title Map

15 MERSEY WAY sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 15 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 15 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 15 MERSEY WAY?

15 MERSEY WAY is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 15 on MERSEY WAY.