42, MERSEY WAY, BLETCHLEY, MILTON KEYNES, MK3 7QH - £365,000

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.

42 MERSEY WAY is a small extended semi-detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £427,601. It was last sold for £365,000 in August 2021, which was around 27% above the average August 2021 semi-detached price in the Milton Keynes local authority area. The most recent EPC inspection was December 2010, where the current energy rating was D, and the potential energy rating was C.

42 MERSEY WAY Sold Prices

Land registry data shows two sales for 42 MERSEY WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Milton Keynes local authority area for the corresponding sale date. One of the two 42 MERSEY WAY 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
2021 13 AUG	£365,000	£287,446	27% above HPI
2012 10 OCT	£165,000	£172,166	4% below HPI

42 MERSEY WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The two 42 MERSEY WAY sales from October 2012 and August 2021 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 October 2012 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2021 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 42 MERSEY WAY be worth now?

42 MERSEY WAY might now be worth an estimated £427,601.

This is based on house price inflation of 17.2%, between August 2021 and February 2025, for semi-detached 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 17.2% inflationary increase is applied to the most recent sale price for 42 MERSEY WAY of £365,000 on 13th August 2021. For the value to have increased from £365,000 to £427,601 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 42 MERSEY WAY has moved in line with the HPI for semi-detached houses in the Milton Keynes local authority area.
• The August 2021 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 42 MERSEY WAY has not materially changed since August 2021.

How Large is 42 MERSEY WAY?

42 MERSEY WAY is 87m², which includes one extension, according to the EPC inspection conducted in December 2010. This puts it in the smallest 30% of semi-detached houses houses in Bletchley, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bletchley, and where 42 MERSEY WAY lies on this distribution: 21% of semi-detached houses houses are smaller than 42 MERSEY WAY, and 79% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

42 MERSEY WAY: Plot and Title Map

42 MERSEY WAY sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 42 MERSEY 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 42 MERSEY 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 42 MERSEY WAY?

42 MERSEY WAY is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 42 on MERSEY WAY.