5, MOW MEAD, OLNEY, MK46 5EF - £440,000

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.

5 MOW MEAD is a small detached house of 105m², built sometime between 1996 and 2002, which could now be worth an estimated £547,543. It was last sold for £440,000 in February 2018, which was around 3% below the average February 2018 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

5 MOW MEAD Sold Prices

Land registry data shows three sales for 5 MOW MEAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. One of the three 5 MOW MEAD sales was for below the average price, whilst two 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
2018 8 FEB	£440,000	£454,369	3% below HPI
2004 8 APR	£248,000	£244,774	1% above HPI
1997 23 MAY	£114,000	£92,503	23% above HPI

5 MOW MEAD 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 three 5 MOW MEAD sales between May 1997 and February 2018 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 2004 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the February 2018 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 5 MOW MEAD be worth now?

5 MOW MEAD might now be worth an estimated £547,543.

This is based on house price inflation of 24.4%, between February 2018 and February 2025, 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 24.4% inflationary increase is applied to the most recent sale price for 5 MOW MEAD of £440,000 on 8th February 2018. For the value to have increased from £440,000 to £547,543 over the seven years to February 2025, the following assumptions must hold true:

• The value of 5 MOW MEAD has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The February 2018 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MOW MEAD has not materially changed since February 2018.

How Large is 5 MOW MEAD?

5 MOW MEAD is 105m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 40% 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 5 MOW MEAD lies on this distribution: 33% of detached houses houses are smaller than 5 MOW MEAD, and 66% of houses are larger. Note that EPC data is not available for all properties in Olney.

5 MOW MEAD: Plot and Title Map

5 MOW MEAD sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 5 MOW MEAD, 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 MOW MEAD). 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 MOW MEAD?

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