61, ELMLEA DRIVE, OLNEY, MK46 5HU - £440,000

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

61 ELMLEA DRIVE is a very small extended detached house of 95m², built sometime between 1967 and 1975. It was last sold for £440,000 in November 2020, which was around 1% below the average November 2020 detached price in the Milton Keynes local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

61 ELMLEA DRIVE Sold Prices

Land registry data shows three sales for 61 ELMLEA DRIVE 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. The three 61 ELMLEA DRIVE sales were a mix of below the average price, and roughly equal to 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
2020 23 NOV	£440,000	£446,439	1% below HPI
2001 6 MAR	£146,000	£147,253	1% below HPI
1998 10 JUL	£106,000	£106,241	Close to HPI

61 ELMLEA DRIVE 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 61 ELMLEA DRIVE sales between July 1998 and November 2020 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 March 2001 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2020 sale, which was also at 1% below the HPI.

How Large is 61 ELMLEA DRIVE?

61 ELMLEA DRIVE is 95m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 20% of detached houses in Olney, based on EPC data. The below chart shows the distribution of detached houses by size in Olney, and where 61 ELMLEA DRIVE lies on this distribution: 18% of detached houses are smaller than 61 ELMLEA DRIVE, and 80% of houses are larger. Note that EPC data is not available for all properties in Olney.

61 ELMLEA DRIVE: Plot and Title Map

61 ELMLEA DRIVE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 61 ELMLEA DRIVE, 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 61 ELMLEA DRIVE). 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 61 ELMLEA DRIVE?

61 ELMLEA DRIVE is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 61 on ELMLEA DRIVE.