56, HOLLOW WOOD, OLNEY, MK46 5LZ - £565,000

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.

56 HOLLOW WOOD is a large extended detached house of 134m², built sometime between 1983 and 1990, which could now be worth an estimated £722,735. It was last sold for £565,000 in August 2017, which was around 28% above the average August 2017 detached price in the Milton Keynes local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was D.

56 HOLLOW WOOD Sold Prices

Land registry data shows three sales for 56 HOLLOW WOOD 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. All of the three 56 HOLLOW WOOD 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
2017 2 AUG	£565,000	£442,022	28% above HPI
2011 27 MAY	£385,000	£276,270	39% above HPI
1997 27 MAR	£145,000	£90,013	61% above HPI

56 HOLLOW WOOD 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 56 HOLLOW WOOD sales between March 1997 and August 2017 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 May 2011 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the August 2017 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 56 HOLLOW WOOD be worth now?

56 HOLLOW WOOD might now be worth an estimated £722,735.

This is based on house price inflation of 27.9%, between August 2017 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 27.9% inflationary increase is applied to the most recent sale price for 56 HOLLOW WOOD of £565,000 on 2nd August 2017. For the value to have increased from £565,000 to £722,735 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 56 HOLLOW WOOD has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The August 2017 sale price of £565,000 represented a fair market value for the property.
• The size, condition, and specification of 56 HOLLOW WOOD has not materially changed since August 2017.

How Large is 56 HOLLOW WOOD?

56 HOLLOW WOOD is 134m², which includes one extension, according to the EPC inspection conducted in March 2011. This puts it in the largest 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 56 HOLLOW WOOD lies on this distribution: 62% of detached houses houses are smaller than 56 HOLLOW WOOD, and 38% of houses are larger. Note that EPC data is not available for all properties in Olney.

56 HOLLOW WOOD: Plot and Title Map

56 HOLLOW WOOD sits on a plot of roughly 0.109 of an acre, or 441m². The below map shows the location of 56 HOLLOW WOOD, 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 56 HOLLOW WOOD). 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 56 HOLLOW WOOD?

56 HOLLOW WOOD is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 56 on HOLLOW WOOD.