5, GILPIN WAY, OLNEY, MK46 4DN - £209,000

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

5 GILPIN WAY is a very small extended detached house of 91m², built sometime between 1967 and 1975. It was last sold for £209,000 in April 2006, which was around 17% below the average April 2006 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

5 GILPIN WAY Sold Prices

Land registry data shows two sales for 5 GILPIN WAY 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 5 GILPIN WAY 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
2006 13 APR	£209,000	£252,926	17% below HPI
1995 13 APR	£68,500	£81,027	15% below HPI

5 GILPIN WAY 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 5 GILPIN WAY sales from April 1995 and April 2006 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 April 1995 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the April 2006 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 5 GILPIN WAY?

5 GILPIN WAY is 91m², which includes one extension, according to the EPC inspection conducted in July 2014. 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 5 GILPIN WAY lies on this distribution: 16% of detached houses are smaller than 5 GILPIN WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Olney.

5 GILPIN WAY: Plot and Title Map

5 GILPIN WAY sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 5 GILPIN WAY, 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 5 GILPIN WAY). 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 5 GILPIN WAY?

5 GILPIN WAY is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 5 on GILPIN WAY.