2, LILLY HILL, OLNEY, MK46 5EZ - £425,000

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.

2 LILLY HILL is a midsized extended detached house of 125m², built sometime between 1996 and 2002, which could now be worth an estimated £559,781. It was last sold for £425,000 in July 2016, which was around 1% below the average July 2016 detached price in the Milton Keynes local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

2 LILLY HILL Sold Prices

Land registry data shows three sales for 2 LILLY HILL 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. One of the three 2 LILLY HILL sales was for below the average price, whilst two were 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
2016 5 JUL	£425,000	£429,284	1% below HPI
2002 18 JUL	£235,000	£197,510	19% above HPI
2000 18 AUG	£171,995	£148,602	16% above HPI

2 LILLY HILL 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 2 LILLY HILL sales between August 2000 and July 2016 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 2002 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the July 2016 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 2 LILLY HILL be worth now?

2 LILLY HILL might now be worth an estimated £559,781.

This is based on house price inflation of 31.7%, between July 2016 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 31.7% inflationary increase is applied to the most recent sale price for 2 LILLY HILL of £425,000 on 5th July 2016. For the value to have increased from £425,000 to £559,781 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 2 LILLY HILL has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The July 2016 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LILLY HILL has not materially changed since July 2016.

How Large is 2 LILLY HILL?

2 LILLY HILL is 125m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the largest 50% 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 2 LILLY HILL lies on this distribution: 52% of detached houses houses are smaller than 2 LILLY HILL, and 47% of houses are larger. Note that EPC data is not available for all properties in Olney.

2 LILLY HILL: Plot and Title Map

2 LILLY HILL sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 2 LILLY HILL, 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 2 LILLY HILL). 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 2 LILLY HILL?

2 LILLY HILL is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 2 on LILLY HILL.