56, DERWENT DRIVE, BLETCHLEY, MILTON KEYNES, MK3 7BE - £202,000

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.

56 DERWENT DRIVE is a very small extended terraced house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £247,293. It was last sold for £202,000 in December 2017, which was around 9% below the average December 2017 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

56 DERWENT DRIVE Sold Prices

Land registry data shows three sales for 56 DERWENT DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. The three 56 DERWENT DRIVE sales were a mix of below the average price, and roughly equal to 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
2017 4 DEC	£202,000	£221,154	9% below HPI
2015 7 SEP	£179,995	£189,691	5% below HPI
2010 25 NOV	£137,500	£137,344	Close to HPI

56 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 three 56 DERWENT DRIVE sales between November 2010 and December 2017 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 September 2015 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2017 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 56 DERWENT DRIVE be worth now?

56 DERWENT DRIVE might now be worth an estimated £247,293.

This is based on house price inflation of 22.4%, between December 2017 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 22.4% inflationary increase is applied to the most recent sale price for 56 DERWENT DRIVE of £202,000 on 4th December 2017. For the value to have increased from £202,000 to £247,293 over the nine years and nine months to March 2026, the following assumptions must hold true:

• The value of 56 DERWENT DRIVE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The December 2017 sale price of £202,000 represented a fair market value for the property.
• The size, condition, and specification of 56 DERWENT DRIVE has not materially changed since December 2017.

How Large is 56 DERWENT DRIVE?

56 DERWENT DRIVE is 79m², which includes one extension, according to the EPC inspection conducted in April 2017. 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 56 DERWENT DRIVE lies on this distribution: 13% of terraced houses houses are smaller than 56 DERWENT DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in Bletchley.

56 DERWENT DRIVE: Plot and Title Map

56 DERWENT DRIVE sits on a plot of roughly 0.041 of an acre, or 164m². The below map shows the location of 56 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 56 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 56 DERWENT DRIVE?

56 DERWENT DRIVE is located in BLETCHLEY, in the MK3 postcode district. The below map shows the position of No. 56 on DERWENT DRIVE.