13, CHERRY ORCHARD, OLNEY, MK46 5PT - £295,000

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

13 CHERRY ORCHARD is a very small extended detached house of 92m², built sometime between 1976 and 1982. It was last sold for £295,000 in October 2014, which was around 13% below the average October 2014 detached price in the Milton Keynes local authority area. The most recent EPC inspection was August 2013, where the current energy rating was E, and the potential energy rating was B.

13 CHERRY ORCHARD Sold Prices

Land registry data shows two sales for 13 CHERRY ORCHARD 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 13 CHERRY ORCHARD 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
2014 24 OCT	£295,000	£339,421	13% below HPI
2012 11 JUL	£250,000	£281,068	11% below HPI

13 CHERRY ORCHARD 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 13 CHERRY ORCHARD sales from July 2012 and October 2014 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 2012 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2014 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 13 CHERRY ORCHARD?

13 CHERRY ORCHARD is 92m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the smallest 20% of detached houses in Olney, based on EPC data. The below chart shows the distribution of detached houses by size in Olney, and where 13 CHERRY ORCHARD lies on this distribution: 16% of detached houses are smaller than 13 CHERRY ORCHARD, and 84% of houses are larger. Note that EPC data is not available for all properties in Olney.

13 CHERRY ORCHARD: Plot and Title Map

13 CHERRY ORCHARD sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 13 CHERRY ORCHARD, 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 13 CHERRY ORCHARD). 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 13 CHERRY ORCHARD?

13 CHERRY ORCHARD is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 13 on CHERRY ORCHARD.