22, DERWENT DRIVE, BLETCHLEY, MILTON KEYNES, MK3 7BQ - £225,000

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.

22 DERWENT DRIVE is a very small extended terraced house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £277,467. It was last sold for £225,000 in June 2018, which was around 2% above the average June 2018 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

22 DERWENT DRIVE Sold Prices

Land registry data shows two sales for 22 DERWENT DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. One of the two 22 DERWENT DRIVE sales was for above the average price, whilst the other 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
2018 29 JUN	£225,000	£219,547	2% above HPI
2002 16 AUG	£86,500	£90,252	4% below HPI

22 DERWENT DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Milton Keynes local authority area over time, sourced from the HPI. The two 22 DERWENT DRIVE sales from August 2002 and June 2018 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 2002 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the June 2018 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 22 DERWENT DRIVE be worth now?

22 DERWENT DRIVE might now be worth an estimated £277,467.

This is based on house price inflation of 23.3%, between June 2018 and March 2026, for terraced 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 23.3% inflationary increase is applied to the most recent sale price for 22 DERWENT DRIVE of £225,000 on 29th June 2018. For the value to have increased from £225,000 to £277,467 over the eight years and three months to March 2026, the following assumptions must hold true:

• The value of 22 DERWENT DRIVE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The June 2018 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 22 DERWENT DRIVE has not materially changed since June 2018.

How Large is 22 DERWENT DRIVE?

22 DERWENT DRIVE is 75m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the smallest 20% of terraced houses houses in Bletchley, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bletchley, and where 22 DERWENT DRIVE lies on this distribution: 11% of terraced houses houses are smaller than 22 DERWENT DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

22 DERWENT DRIVE: Plot and Title Map

22 DERWENT DRIVE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 22 DERWENT 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 22 DERWENT 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.

Where is 22 DERWENT DRIVE?

22 DERWENT DRIVE is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 22 on DERWENT DRIVE.