28, WOODPITS LANE, OLNEY, MK46 5NE - £450,000

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

28 WOODPITS LANE is a midsized detached house of 125m², built sometime from 2007 onwards. It was last sold for £450,000 in October 2022, which was around 14% below the average October 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

28 WOODPITS LANE Sold Prices

Land registry data shows two sales for 28 WOODPITS LANE 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. One of the two 28 WOODPITS LANE 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
2022 21 OCT	£450,000	£522,914	14% below HPI
2007 2 AUG	£315,000	£294,900	7% above HPI

28 WOODPITS LANE 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 28 WOODPITS LANE sales from August 2007 and October 2022 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 2007 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the October 2022 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 28 WOODPITS LANE?

28 WOODPITS LANE is 125m² according to the EPC inspection conducted in October 2018. This puts it in the largest 50% of detached houses in Olney, based on EPC data. The below chart shows the distribution of detached houses by size in Olney, and where 28 WOODPITS LANE lies on this distribution: 53% of detached houses are smaller than 28 WOODPITS LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in Olney.

28 WOODPITS LANE: Plot and Title Map

28 WOODPITS LANE sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 28 WOODPITS LANE, 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 28 WOODPITS LANE). 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 28 WOODPITS LANE?

28 WOODPITS LANE is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 28 on WOODPITS LANE.