2, RIVETTS CLOSE, OLNEY, MK46 5PB - £65,000

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

2 RIVETTS CLOSE is a very small semi-detached house of 57m², built sometime between 1983 and 1990, which could now be worth an estimated £334,891. It was last sold for £65,000 in July 1999, which was around 1% below the average July 1999 semi-detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

2 RIVETTS CLOSE Sold Prices

Land registry data shows two sales for 2 RIVETTS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Milton Keynes local authority area for the corresponding sale date. One of the two 2 RIVETTS CLOSE sales was for below the average price, whilst the other 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
1999 13 JUL	£65,000	£65,360	1% below HPI
1997 15 AUG	£60,000	£54,464	10% above HPI

2 RIVETTS CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The two 2 RIVETTS CLOSE sales from August 1997 and July 1999 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 August 1997 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the July 1999 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 2 RIVETTS CLOSE be worth now?

2 RIVETTS CLOSE might now be worth an estimated £334,891.

This is based on house price inflation of 415.2%, between July 1999 and February 2025, for semi-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 415.2% inflationary increase is applied to the most recent sale price for 2 RIVETTS CLOSE of £65,000 on 13th July 1999. For the value to have increased from £65,000 to £334,891 over the 26 years and five months to February 2025, the following assumptions must hold true:

• The value of 2 RIVETTS CLOSE has moved in line with the HPI for semi-detached houses in the Milton Keynes local authority area.
• The July 1999 sale price of £65,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RIVETTS CLOSE has not materially changed since July 1999.

How Large is 2 RIVETTS CLOSE?

2 RIVETTS CLOSE is 57m² according to the EPC inspection conducted in July 2023. This puts it in the smallest 10% of semi-detached houses houses in Olney, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Olney, and where 2 RIVETTS CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 2 RIVETTS CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Olney.

2 RIVETTS CLOSE: Plot and Title Map

2 RIVETTS CLOSE sits on a plot of roughly 0.040 of an acre, or 163m². The below map shows the location of 2 RIVETTS CLOSE, 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 RIVETTS CLOSE). 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 RIVETTS CLOSE?

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