1, LACE MEWS, OLNEY, MK46 4JS - £345,000

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 LACE MEWS is a small extended detached house of 96m², built sometime between 1996 and 2002. It was last sold for £345,000 in February 2022, which was around 29% below the average February 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

1 LACE MEWS Sold Prices

Land registry data shows two sales for 1 LACE MEWS 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 LACE MEWS 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
2022 17 FEB	£345,000	£489,051	29% below HPI
1997 18 JUL	£91,000	£93,887	3% below HPI

1 LACE MEWS 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 LACE MEWS sales from July 1997 and February 2022 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 July 1997 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the February 2022 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 1 LACE MEWS?

1 LACE MEWS is 96m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the smallest 30% 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 LACE MEWS lies on this distribution: 21% of detached houses are smaller than 1 LACE MEWS, and 78% of houses are larger. Note that EPC data is not available for all properties in Olney.

1 LACE MEWS: Plot and Title Map

1 LACE MEWS sits on a plot of roughly 0.040 of an acre, or 160m². The below map shows the location of 1 LACE MEWS, 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 LACE MEWS). 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 LACE MEWS?

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