48, PICKERING DRIVE, EMERSON VALLEY, MILTON KEYNES, MK4 2EE - £119,995

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.

48 PICKERING DRIVE is a very small terraced house of 66m², built sometime between 1983 and 1990, which could now be worth an estimated £375,464. It was last sold for £119,995 in July 2002, which was around 39% above the average July 2002 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was February 2024, where the current energy rating was D, and the potential energy rating was B.

48 PICKERING DRIVE Sold Prices

Land registry data shows four sales for 48 PICKERING DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. All of the four 48 PICKERING DRIVE 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
2002 8 JUL	£119,995	£86,599	39% above HPI
2001 8 MAY	£74,500	£68,881	8% above HPI
2000 14 MAR	£84,000	£58,979	42% above HPI
1998 9 APR	£65,000	£46,584	40% above HPI

48 PICKERING 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 four 48 PICKERING DRIVE sales between April 1998 and July 2002 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 May 2001 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the July 2002 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 48 PICKERING DRIVE be worth now?

48 PICKERING DRIVE might now be worth an estimated £375,464.

This is based on house price inflation of 212.9%, between July 2002 and May 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 212.9% inflationary increase is applied to the most recent sale price for 48 PICKERING DRIVE of £119,995 on 8th July 2002. For the value to have increased from £119,995 to £375,464 over the 24 years and two months to May 2026, the following assumptions must hold true:

• The value of 48 PICKERING DRIVE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The July 2002 sale price of £119,995 represented a fair market value for the property.
• The size, condition, and specification of 48 PICKERING DRIVE has not materially changed since July 2002.

How Large is 48 PICKERING DRIVE?

48 PICKERING DRIVE is 66m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 10% of terraced houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Milton Keynes, and where 48 PICKERING DRIVE lies on this distribution: 3% of terraced houses houses are smaller than 48 PICKERING DRIVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

48 PICKERING DRIVE: Plot and Title Map

48 PICKERING DRIVE sits on a plot of roughly 0.038 of an acre, or 152m². The below map shows the location of 48 PICKERING 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 48 PICKERING 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 48 PICKERING DRIVE?

48 PICKERING DRIVE is located in EMERSON VALLEY, in the MK4 postcode district. The below map shows the position of No. 48 on PICKERING DRIVE.