19, MERCURY WAY, LEIGHTON BUZZARD, LU7 3UZ - £348,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

19 MERCURY WAY is a very small extended terraced house of 72m², built sometime between 1976 and 1982, which could now be worth an estimated £368,625. It was last sold for £348,000 in June 2022, which was around 25% above the average June 2022 terraced price in the Central Bedfordshire local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

19 MERCURY WAY Sold Prices

Land registry data shows three sales for 19 MERCURY WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Central Bedfordshire local authority area for the corresponding sale date. All of the three 19 MERCURY WAY sales were for above 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
2022 24 JUN	£348,000	£278,500	25% above HPI
2007 26 APR	£186,000	£166,072	12% above HPI
1998 14 AUG	£73,500	£60,586	21% above HPI

19 MERCURY WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The three 19 MERCURY WAY sales between August 1998 and June 2022 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 2007 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the June 2022 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 19 MERCURY WAY be worth now?

19 MERCURY WAY might now be worth an estimated £368,625.

This is based on house price inflation of 5.9%, between June 2022 and June 2025, for terraced houses, in the Central Bedfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.9% inflationary increase is applied to the most recent sale price for 19 MERCURY WAY of £348,000 on 24th June 2022. For the value to have increased from £348,000 to £368,625 over the three years to June 2025, the following assumptions must hold true:

• The value of 19 MERCURY WAY has moved in line with the HPI for terraced houses in the Central Bedfordshire local authority area.
• The June 2022 sale price of £348,000 represented a fair market value for the property.
• The size, condition, and specification of 19 MERCURY WAY has not materially changed since June 2022.

How Large is 19 MERCURY WAY?

19 MERCURY WAY is 72m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the smallest 10% of terraced houses houses in Leighton Buzzard, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Leighton Buzzard, and where 19 MERCURY WAY lies on this distribution: 5% of terraced houses houses are smaller than 19 MERCURY WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Leighton Buzzard.

19 MERCURY WAY: Plot and Title Map

19 MERCURY WAY sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 19 MERCURY 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 19 MERCURY 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 19 MERCURY WAY?

19 MERCURY WAY is located in LEIGHTON BUZZARD, in the LU7 postcode district. The below map shows the position of No. 19 on MERCURY WAY.