5, PAXTON CLOSE, OLNEY, MK46 5PR - £565,000

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

5 PAXTON CLOSE is a midsized extended detached house of 127m², built sometime between 1950 and 1966, which could now be worth an estimated £575,741. It was last sold for £565,000 in September 2022, which was around 5% above the average September 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

5 PAXTON CLOSE Sold Prices

Land registry data shows two sales for 5 PAXTON 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 5 PAXTON 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
2022 2 SEP	£565,000	£539,127	5% above HPI
2018 8 OCT	£490,000	£456,973	7% above HPI

5 PAXTON 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 5 PAXTON CLOSE sales from October 2018 and September 2022 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 2018 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the September 2022 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 5 PAXTON CLOSE be worth now?

5 PAXTON CLOSE might now be worth an estimated £575,741.

This is based on house price inflation of 1.9%, between September 2022 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 1.9% inflationary increase is applied to the most recent sale price for 5 PAXTON CLOSE of £565,000 on 2nd September 2022. For the value to have increased from £565,000 to £575,741 over the one year and nine months to December 2024, the following assumptions must hold true:

• The value of 5 PAXTON CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The September 2022 sale price of £565,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PAXTON CLOSE has not materially changed since September 2022.

How Large is 5 PAXTON CLOSE?

5 PAXTON CLOSE is 127m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the largest 50% 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 PAXTON CLOSE lies on this distribution: 54% of detached houses houses are smaller than 5 PAXTON CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Olney.

5 PAXTON CLOSE: Plot and Title Map

5 PAXTON CLOSE sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of 5 PAXTON 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 5 PAXTON 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 5 PAXTON CLOSE?

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