Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources
69 MERCERS DRIVE is a very small detached house of 69m², built sometime between 1976 and 1982. It was last sold for £239,995 in December 2015, which was around 38% below the average December 2015 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2012, where the current energy rating was C, and the potential energy rating was B.
Land registry data shows four sales for 69 MERCERS DRIVE since 1st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the four 69 MERCERS DRIVE 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 |
---|---|---|---|
2015 4 DEC | £239,995 | £385,669 | 38% below HPI |
2012 28 SEP | £178,000 | £291,714 | 39% below HPI |
2007 12 JAN | £189,995 | £274,463 | 31% below HPI |
2006 31 MAR | £155,000 | £254,802 | 39% below HPI |
The below graph shows the average detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The four 69 MERCERS DRIVE sales between March 2006 and December 2015 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 September 2012 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2015 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.
69 MERCERS DRIVE is 69m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 10% of detached houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses by size in Milton Keynes, and where 69 MERCERS DRIVE lies on this distribution: 4% of detached houses are smaller than 69 MERCERS DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.
69 MERCERS DRIVE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 69 MERCERS DRIVE, 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 69 MERCERS DRIVE). 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.
69 MERCERS DRIVE is located in BRADVILLE, in the MK13 postcode district. The below map shows the position of No. 69 on MERCERS DRIVE.