6, STONE PIT CLOSE, OLNEY, MK46 5LX - £755,000

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

6 STONE PIT CLOSE is a large extended detached house of 151m², built sometime between 2007 and 2011. It was last sold for £755,000 in May 2023, which was around 46% above the average May 2023 detached price in the Milton Keynes local authority area. The most recent EPC inspection was December 2022, where the current energy rating was C, and the potential energy rating was B.

6 STONE PIT CLOSE Sold Prices

Land registry data shows three sales for 6 STONE PIT CLOSE 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 6 STONE PIT 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
2023 18 MAY	£755,000	£518,530	46% above HPI
2017 17 NOV	£500,000	£440,141	14% above HPI
2002 29 NOV	£315,000	£212,453	48% above HPI

6 STONE PIT 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 three 6 STONE PIT CLOSE sales between November 2002 and May 2023 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 November 2017 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the May 2023 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is 6 STONE PIT CLOSE?

6 STONE PIT CLOSE is 151m², which includes one extension, according to the EPC inspection conducted in December 2022. This puts it in the largest 30% of detached houses in Olney, based on EPC data. The below chart shows the distribution of detached houses by size in Olney, and where 6 STONE PIT CLOSE lies on this distribution: 78% of detached houses are smaller than 6 STONE PIT CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Olney.

6 STONE PIT CLOSE: Plot and Title Map

6 STONE PIT CLOSE sits on a plot of roughly 0.101 of an acre, or 408m². The below map shows the location of 6 STONE PIT 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 6 STONE PIT 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 6 STONE PIT CLOSE?

6 STONE PIT CLOSE is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 6 on STONE PIT CLOSE.