38, ELMLEA DRIVE, OLNEY, MK46 5HX - £173,000

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.

38 ELMLEA DRIVE is a very small terraced house of 84m², built sometime between 1976 and 1982, which could now be worth an estimated £381,230. It was last sold for £173,000 in February 2009, which was around 39% above the average February 2009 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was October 2024, where the current energy rating was C, and the potential energy rating was B.

38 ELMLEA DRIVE Sold Prices

Land registry data shows two sales for 38 ELMLEA DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 38 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
2009 11 FEB	£173,000	£124,400	39% above HPI
2001 16 FEB	£95,500	£65,307	46% above HPI

38 ELMLEA DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Milton Keynes local authority area over time, sourced from the HPI. The two 38 ELMLEA DRIVE sales from February 2001 and February 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 February 2001 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the February 2009 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 38 ELMLEA DRIVE be worth now?

38 ELMLEA DRIVE might now be worth an estimated £381,230.

This is based on house price inflation of 120.4%, between February 2009 and July 2025, for terraced 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 120.4% inflationary increase is applied to the most recent sale price for 38 ELMLEA DRIVE of £173,000 on 11th February 2009. For the value to have increased from £173,000 to £381,230 over the fifteen years and seven months to July 2025, the following assumptions must hold true:

• The value of 38 ELMLEA DRIVE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The February 2009 sale price of £173,000 represented a fair market value for the property.
• The size, condition, and specification of 38 ELMLEA DRIVE has not materially changed since February 2009.

How Large is 38 ELMLEA DRIVE?

38 ELMLEA DRIVE is 84m² according to the EPC inspection conducted in October 2024. This puts it in the smallest 20% of terraced houses houses in Olney, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Olney, and where 38 ELMLEA DRIVE lies on this distribution: 11% of terraced houses houses are smaller than 38 ELMLEA DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Olney.

38 ELMLEA DRIVE: Plot and Title Map

38 ELMLEA DRIVE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 38 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 38 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 38 ELMLEA DRIVE?

38 ELMLEA DRIVE is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 38 on ELMLEA DRIVE.