5, WOODPITS LANE, OLNEY, MK46 5NE - £615,000

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 WOODPITS LANE is a very large detached house of 192m², built sometime from 2007 onwards. It was last sold for £615,000 in July 2016, which was around 48% above the average July 2016 detached price in the Milton Keynes local authority area. The most recent EPC inspection was June 2012, where the current energy rating was C, and the potential energy rating was B.

5 WOODPITS LANE Sold Prices

Land registry data shows two sales for 5 WOODPITS LANE 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 WOODPITS LANE 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
2016 29 JUL	£615,000	£415,310	48% above HPI
2007 29 JUN	£481,000	£290,794	65% above HPI

5 WOODPITS LANE 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 WOODPITS LANE sales from June 2007 and July 2016 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 June 2007 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the July 2016 sale, where it falls to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is 5 WOODPITS LANE?

5 WOODPITS LANE is 192m² according to the EPC inspection conducted in June 2012. This puts it in the largest 10% 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 WOODPITS LANE lies on this distribution: 91% of detached houses are smaller than 5 WOODPITS LANE, and 8% of houses are larger. Note that EPC data is not available for all properties in Olney.

5 WOODPITS LANE: Plot and Title Map

5 WOODPITS LANE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 5 WOODPITS LANE, 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 WOODPITS LANE). 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 WOODPITS LANE?

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