3, STONE PIT CLOSE, OLNEY, MK46 5LX - £862,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 STONE PIT CLOSE is a very large detached house of 189m², built sometime between 1991 and 1995, which could now be worth an estimated £970,458. It was last sold for £862,500 in August 2021, which was around 77% above the average August 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was A.

3 STONE PIT CLOSE Sold Prices

Land registry data shows two sales for 3 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 3 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
2021 27 AUG	£862,500	£488,261	77% above HPI
2000 20 OCT	£295,000	£154,120	91% above HPI

3 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 3 STONE PIT CLOSE sales from October 2000 and August 2021 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 October 2000 sale was for 91% above the HPI. So the extrapolation line tracks at 91% above the HPI over time, until the August 2021 sale, where it falls to 77% above the HPI. The line then continues to track at 77% above the HPI.

What might 3 STONE PIT CLOSE be worth now?

3 STONE PIT CLOSE might now be worth an estimated £970,458.

This is based on house price inflation of 12.5%, between August 2021 and December 2024, 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 12.5% inflationary increase is applied to the most recent sale price for 3 STONE PIT CLOSE of £862,500 on 27th August 2021. For the value to have increased from £862,500 to £970,458 over the two years and eight months to December 2024, the following assumptions must hold true:

• The value of 3 STONE PIT CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The August 2021 sale price of £862,500 represented a fair market value for the property.
• The size, condition, and specification of 3 STONE PIT CLOSE has not materially changed since August 2021.

How Large is 3 STONE PIT CLOSE?

3 STONE PIT CLOSE is 189m² according to the EPC inspection conducted in February 2016. This puts it in the largest 20% 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 3 STONE PIT CLOSE lies on this distribution: 90% of detached houses houses are smaller than 3 STONE PIT CLOSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Olney.

3 STONE PIT CLOSE: Plot and Title Map

3 STONE PIT CLOSE sits on a plot of roughly 0.139 of an acre, or 561m². The below map shows the location of 3 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 3 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 3 STONE PIT CLOSE?

3 STONE PIT CLOSE is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 3 on STONE PIT CLOSE.