16, CAREY WAY, OLNEY, MK46 4DR - £300,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 CAREY WAY is a small extended detached house of 101m², built sometime between 1976 and 1982, which could now be worth an estimated £446,887. It was last sold for £300,000 in August 2015, which was around 21% below the average August 2015 detached price in the Milton Keynes local authority area. The most recent EPC inspection was January 2010, where the current energy rating was D, and the potential energy rating was D.

16 CAREY WAY Sold Prices

Land registry data shows three sales for 16 CAREY WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Two of the three 16 CAREY WAY sales were for below the average price, whilst one was 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
2015 5 AUG	£300,000	£379,575	21% below HPI
1999 22 OCT	£124,500	£129,385	4% below HPI
1997 19 SEP	£110,000	£98,796	11% above HPI

16 CAREY WAY 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 three 16 CAREY WAY sales between September 1997 and August 2015 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 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2015 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 16 CAREY WAY be worth now?

16 CAREY WAY might now be worth an estimated £446,887.

This is based on house price inflation of 49%, between August 2015 and February 2025, for detached 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 49% inflationary increase is applied to the most recent sale price for 16 CAREY WAY of £300,000 on 5th August 2015. For the value to have increased from £300,000 to £446,887 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 16 CAREY WAY has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The August 2015 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 16 CAREY WAY has not materially changed since August 2015.

How Large is 16 CAREY WAY?

16 CAREY WAY is 101m², which includes one extension, according to the EPC inspection conducted in January 2010. This puts it in the smallest 30% of detached houses houses in Olney, based on EPC data. The below chart shows the distribution of detached houses houses by size in Olney, and where 16 CAREY WAY lies on this distribution: 27% of detached houses houses are smaller than 16 CAREY WAY, and 73% of houses are larger. Note that EPC data is not available for all properties in Olney.

16 CAREY WAY: Plot and Title Map

16 CAREY WAY sits on a plot of roughly 0.098 of an acre, or 397m². The below map shows the location of 16 CAREY WAY, 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 16 CAREY WAY). 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 16 CAREY WAY?

16 CAREY WAY is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 16 on CAREY WAY.