5, WHITMEES CLOSE, OLNEY, MK46 5PQ - £385,000

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 WHITMEES CLOSE is a very small detached house of 91m², built sometime between 1991 and 1995, which could now be worth an estimated £481,656. It was last sold for £385,000 in May 2018, which was around 15% below the average May 2018 detached price in the Milton Keynes local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was C.

5 WHITMEES CLOSE Sold Prices

Land registry data shows five sales for 5 WHITMEES CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Most of the five 5 WHITMEES CLOSE 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
2018 31 MAY	£385,000	£451,958	15% below HPI
2014 11 APR	£305,000	£323,019	6% below HPI
2009 18 SEP	£245,000	£265,681	8% below HPI
1997 27 JUN	£116,500	£95,904	21% above HPI
1995 16 OCT	£88,000	£85,129	3% above HPI

5 WHITMEES 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 five 5 WHITMEES CLOSE sales between October 1995 and May 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 2014 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2018 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 5 WHITMEES CLOSE be worth now?

5 WHITMEES CLOSE might now be worth an estimated £481,656.

This is based on house price inflation of 25.1%, between May 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 25.1% inflationary increase is applied to the most recent sale price for 5 WHITMEES CLOSE of £385,000 on 31st May 2018. For the value to have increased from £385,000 to £481,656 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 5 WHITMEES CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The May 2018 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WHITMEES CLOSE has not materially changed since May 2018.

How Large is 5 WHITMEES CLOSE?

5 WHITMEES CLOSE is 91m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% 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 WHITMEES CLOSE lies on this distribution: 15% of detached houses houses are smaller than 5 WHITMEES CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Olney.

5 WHITMEES CLOSE: Plot and Title Map

5 WHITMEES CLOSE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 5 WHITMEES 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 WHITMEES 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 WHITMEES CLOSE?

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