48, ELMLEA DRIVE, OLNEY, MK46 5HX - £158,000

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

48 ELMLEA DRIVE is a small extended detached house of 111m², built sometime between 1976 and 1982. It was last sold for £158,000 in August 2002, which was around 21% below the average August 2002 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

48 ELMLEA DRIVE Sold Prices

Land registry data shows four sales for 48 ELMLEA DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the four 48 ELMLEA DRIVE sales were 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
2002 23 AUG	£158,000	£199,243	21% below HPI
2001 23 MAR	£132,500	£147,253	10% below HPI
1999 14 MAY	£92,000	£112,191	18% below HPI
1997 31 JAN	£66,995	£89,368	25% below HPI

48 ELMLEA DRIVE 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 four 48 ELMLEA DRIVE sales between January 1997 and August 2002 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 March 2001 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2002 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 48 ELMLEA DRIVE?

48 ELMLEA DRIVE is 111m², which includes one extension, according to the EPC inspection conducted in July 2012. This puts it in the smallest 40% of detached houses in Olney, based on EPC data. The below chart shows the distribution of detached houses by size in Olney, and where 48 ELMLEA DRIVE lies on this distribution: 39% of detached houses are smaller than 48 ELMLEA DRIVE, and 60% of houses are larger. Note that EPC data is not available for all properties in Olney.

48 ELMLEA DRIVE: Plot and Title Map

48 ELMLEA DRIVE sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 48 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 48 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 48 ELMLEA DRIVE?

48 ELMLEA DRIVE is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 48 on ELMLEA DRIVE.