162, SEVERN WAY, BLETCHLEY, MILTON KEYNES, MK3 7QB - £420,000

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

162 SEVERN WAY is a small extended detached house of 99m², built sometime between 1976 and 1982. It was last sold for £420,000 in March 2023, which was around 18% below the average March 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2022, where the current energy rating was B, and the potential energy rating was A.

162 SEVERN WAY Sold Prices

Land registry data shows two sales for 162 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 162 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
2023 15 MAR	£420,000	£512,125	18% below HPI
2003 24 APR	£205,000	£229,446	11% below HPI

162 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 162 SEVERN WAY sales from April 2003 and March 2023 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 April 2003 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the March 2023 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 162 SEVERN WAY?

162 SEVERN WAY is 99m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the smallest 40% of detached houses in Bletchley, based on EPC data. The below chart shows the distribution of detached houses by size in Bletchley, and where 162 SEVERN WAY lies on this distribution: 33% of detached houses are smaller than 162 SEVERN WAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

162 SEVERN WAY: Plot and Title Map

162 SEVERN WAY sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 162 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 162 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 162 SEVERN WAY?

162 SEVERN WAY is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 162 on SEVERN WAY.