27, ELMLEA DRIVE, OLNEY, MK46 5HU - £262,500

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.

27 ELMLEA DRIVE is a very small extended semi-detached house of 74m², built sometime between 1976 and 1982, which could now be worth an estimated £381,232. It was last sold for £262,500 in December 2015, which was around 13% above the average December 2015 semi-detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

27 ELMLEA DRIVE Sold Prices

Land registry data shows four sales for 27 ELMLEA DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Milton Keynes local authority area for the corresponding sale date. All of the four 27 ELMLEA DRIVE 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
2015 15 DEC	£262,500	£231,869	13% above HPI
2008 16 JUN	£200,000	£176,928	13% above HPI
2002 15 MAR	£129,950	£98,639	32% above HPI
1999 28 SEP	£78,950	£67,932	16% above HPI

27 ELMLEA DRIVE 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 four 27 ELMLEA DRIVE sales between September 1999 and December 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 June 2008 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the December 2015 sale, which was also at 13% above the HPI.

What might 27 ELMLEA DRIVE be worth now?

27 ELMLEA DRIVE might now be worth an estimated £381,232.

This is based on house price inflation of 45.2%, between December 2015 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 45.2% inflationary increase is applied to the most recent sale price for 27 ELMLEA DRIVE of £262,500 on 15th December 2015. For the value to have increased from £262,500 to £381,232 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of 27 ELMLEA DRIVE has moved in line with the HPI for semi-detached houses in the Milton Keynes local authority area.
• The December 2015 sale price of £262,500 represented a fair market value for the property.
• The size, condition, and specification of 27 ELMLEA DRIVE has not materially changed since December 2015.

How Large is 27 ELMLEA DRIVE?

27 ELMLEA DRIVE is 74m², which includes one extension, according to the EPC inspection conducted in July 2014. 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 27 ELMLEA DRIVE lies on this distribution: 5% of semi-detached houses houses are smaller than 27 ELMLEA DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Olney.

27 ELMLEA DRIVE: Plot and Title Map

27 ELMLEA DRIVE sits on a plot of roughly 0.051 of an acre, or 208m². The below map shows the location of 27 ELMLEA DRIVE, 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 27 ELMLEA DRIVE). 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 27 ELMLEA DRIVE?

27 ELMLEA DRIVE is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 27 on ELMLEA DRIVE.