1, HIPWELL COURT, OLNEY, MK46 5QB - £177,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 HIPWELL COURT is a very small detached house of 42m², built sometime between 1991 and 1995. It was last sold for £177,000 in June 2017, which was around 58% below the average June 2017 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was A.

1 HIPWELL COURT Sold Prices

Land registry data shows two sales for 1 HIPWELL COURT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 1 HIPWELL COURT 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
2017 12 JUN	£177,000	£426,407	58% below HPI
1999 28 OCT	£64,700	£125,173	48% below HPI

1 HIPWELL COURT Price Paid vs. HPI Average

The below graph shows the average detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The two 1 HIPWELL COURT sales from October 1999 and June 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 October 1999 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the June 2017 sale, where it falls to 58% below the HPI. The line then continues to track at 58% below the HPI.

How Large is 1 HIPWELL COURT?

1 HIPWELL COURT is 42m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 10% of detached houses in Olney, based on EPC data. The below chart shows the distribution of detached houses by size in Olney, and where 1 HIPWELL COURT lies on this distribution: Less than 1% of detached houses are smaller than 1 HIPWELL COURT, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Olney.

1 HIPWELL COURT: Plot and Title Map

1 HIPWELL COURT sits on a plot of roughly 0.028 of an acre, or 112m². The below map shows the location of 1 HIPWELL COURT, 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 1 HIPWELL COURT). 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 1 HIPWELL COURT?

1 HIPWELL COURT is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 1 on HIPWELL COURT.