38, DERWENT DRIVE, BLETCHLEY, MILTON KEYNES, MK3 7BQ - £210,000

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.

38 DERWENT DRIVE is a very small terraced house of 64m², built sometime between 1967 and 1975, which could now be worth an estimated £267,350. It was last sold for £210,000 in June 2019, which was around 1% below the average June 2019 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was B.

38 DERWENT DRIVE Sold Prices

Land registry data shows five sales for 38 DERWENT DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. All of the five 38 DERWENT 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
2019 7 JUN	£210,000	£212,664	1% below HPI
2016 29 MAR	£195,000	£203,990	4% below HPI
2004 30 JUL	£121,000	£124,201	3% below HPI
1997 19 DEC	£40,000	£45,225	12% below HPI
1995 1 JUN	£31,500	£40,012	21% below HPI

38 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 five 38 DERWENT DRIVE sales between June 1995 and June 2019 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 March 2016 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the June 2019 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 38 DERWENT DRIVE be worth now?

38 DERWENT DRIVE might now be worth an estimated £267,350.

This is based on house price inflation of 27.3%, between June 2019 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 27.3% inflationary increase is applied to the most recent sale price for 38 DERWENT DRIVE of £210,000 on 7th June 2019. For the value to have increased from £210,000 to £267,350 over the seven years and three months to March 2026, the following assumptions must hold true:

• The value of 38 DERWENT DRIVE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The June 2019 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 38 DERWENT DRIVE has not materially changed since June 2019.

How Large is 38 DERWENT DRIVE?

38 DERWENT DRIVE is 64m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 10% 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 38 DERWENT DRIVE lies on this distribution: 4% of terraced houses houses are smaller than 38 DERWENT DRIVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

38 DERWENT DRIVE: Plot and Title Map

38 DERWENT DRIVE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 38 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 38 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 38 DERWENT DRIVE?

38 DERWENT DRIVE is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 38 on DERWENT DRIVE.