2, STONE PIT CLOSE, OLNEY, MK46 5LX - £725,000

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

2 STONE PIT CLOSE is a large extended detached house of 140m², built sometime between 1991 and 1995. It was last sold for £725,000 in September 2023, which was around 40% above the average September 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

2 STONE PIT CLOSE Sold Prices

Land registry data shows two sales for 2 STONE PIT CLOSE 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 2 STONE PIT CLOSE sales 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
2023 12 SEP	£725,000	£517,456	40% above HPI
2000 17 AUG	£245,000	£143,765	70% above HPI

2 STONE PIT CLOSE 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 2 STONE PIT CLOSE sales from August 2000 and September 2023 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 2000 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the September 2023 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 2 STONE PIT CLOSE?

2 STONE PIT CLOSE is 140m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the largest 40% of detached houses in Olney, based on EPC data. The below chart shows the distribution of detached houses by size in Olney, and where 2 STONE PIT CLOSE lies on this distribution: 66% of detached houses are smaller than 2 STONE PIT CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Olney.

2 STONE PIT CLOSE: Plot and Title Map

2 STONE PIT CLOSE sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of 2 STONE PIT 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 STONE PIT 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 STONE PIT CLOSE?

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