2, SPINNEY HILL ROAD, OLNEY, MK46 5AB - £389,950

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 SPINNEY HILL ROAD is a small detached house of 106m², built sometime between 1967 and 1975, which could now be worth an estimated £480,195. It was last sold for £389,950 in August 2018, which was around 15% below the average August 2018 detached price in the Milton Keynes local authority area. The most recent EPC inspection was August 2017, where the current energy rating was E, and the potential energy rating was B.

2 SPINNEY HILL ROAD Sold Prices

Land registry data shows four sales for 2 SPINNEY HILL ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the four 2 SPINNEY HILL ROAD 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
2018 28 AUG	£389,950	£459,162	15% below HPI
2018 26 JAN	£359,950	£450,310	20% below HPI
2002 11 OCT	£174,000	£214,398	19% below HPI
1997 28 FEB	£75,000	£91,594	18% below HPI

2 SPINNEY HILL ROAD 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 four 2 SPINNEY HILL ROAD sales between February 1997 and August 2018 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 January 2018 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2018 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 2 SPINNEY HILL ROAD be worth now?

2 SPINNEY HILL ROAD might now be worth an estimated £480,195.

This is based on house price inflation of 23.1%, between August 2018 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 23.1% inflationary increase is applied to the most recent sale price for 2 SPINNEY HILL ROAD of £389,950 on 28th August 2018. For the value to have increased from £389,950 to £480,195 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 2 SPINNEY HILL ROAD has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The August 2018 sale price of £389,950 represented a fair market value for the property.
• The size, condition, and specification of 2 SPINNEY HILL ROAD has not materially changed since August 2018.

How Large is 2 SPINNEY HILL ROAD?

2 SPINNEY HILL ROAD is 106m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 40% 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 SPINNEY HILL ROAD lies on this distribution: 34% of detached houses houses are smaller than 2 SPINNEY HILL ROAD, and 65% of houses are larger. Note that EPC data is not available for all properties in Olney.

2 SPINNEY HILL ROAD: Plot and Title Map

2 SPINNEY HILL ROAD sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 2 SPINNEY HILL ROAD, 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 SPINNEY HILL ROAD). 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 SPINNEY HILL ROAD?

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