3, SPRINGFIELD ROAD, OLNEY, MK46 5HN - £275,000

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

3 SPRINGFIELD ROAD is a very small detached house of 90m², built sometime between 1976 and 1982. It was last sold for £275,000 in October 2009, which was around 7% above the average October 2009 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2009, where the current energy rating was E, and the potential energy rating was D.

3 SPRINGFIELD ROAD Sold Prices

Land registry data shows two sales for 3 SPRINGFIELD ROAD 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 3 SPRINGFIELD ROAD sales was for above the average price, whilst the other was 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
2009 13 OCT	£275,000	£258,144	7% above HPI
2002 7 JUN	£162,000	£186,552	13% below HPI

3 SPRINGFIELD 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 two 3 SPRINGFIELD ROAD sales from June 2002 and October 2009 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 2002 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2009 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 3 SPRINGFIELD ROAD?

3 SPRINGFIELD ROAD is 90m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 20% of detached houses in Olney, based on EPC data. The below chart shows the distribution of detached houses by size in Olney, and where 3 SPRINGFIELD ROAD lies on this distribution: 15% of detached houses are smaller than 3 SPRINGFIELD ROAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Olney.

3 SPRINGFIELD ROAD: Plot and Title Map

3 SPRINGFIELD ROAD sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 3 SPRINGFIELD 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 3 SPRINGFIELD 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 3 SPRINGFIELD ROAD?

3 SPRINGFIELD ROAD is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 3 on SPRINGFIELD ROAD.