8, CAREY WAY, OLNEY, MK46 4DR - £375,000

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.

8 CAREY WAY is a small extended semi-detached house of 103m², built sometime between 1976 and 1982, which could now be worth an estimated £458,757. It was last sold for £375,000 in June 2021, which was around 36% above the average June 2021 semi-detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

8 CAREY WAY Sold Prices

Land registry data shows three sales for 8 CAREY WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Milton Keynes local authority area for the corresponding sale date. All of the three 8 CAREY WAY 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
2021 2 JUN	£375,000	£275,265	36% above HPI
2004 30 APR	£215,000	£140,891	53% above HPI
2002 15 FEB	£143,500	£97,665	47% above HPI

8 CAREY WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The three 8 CAREY WAY sales between February 2002 and June 2021 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 2004 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the June 2021 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might 8 CAREY WAY be worth now?

8 CAREY WAY might now be worth an estimated £458,757.

This is based on house price inflation of 22.3%, between June 2021 and February 2025, for semi-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 22.3% inflationary increase is applied to the most recent sale price for 8 CAREY WAY of £375,000 on 2nd June 2021. For the value to have increased from £375,000 to £458,757 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 8 CAREY WAY has moved in line with the HPI for semi-detached houses in the Milton Keynes local authority area.
• The June 2021 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CAREY WAY has not materially changed since June 2021.

How Large is 8 CAREY WAY?

8 CAREY WAY is 103m², which includes two extensions, according to the EPC inspection conducted in October 2020. This puts it in the smallest 30% of semi-detached houses houses in Olney, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Olney, and where 8 CAREY WAY lies on this distribution: 29% of semi-detached houses houses are smaller than 8 CAREY WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Olney.

8 CAREY WAY: Plot and Title Map

8 CAREY WAY sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 8 CAREY WAY, 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 8 CAREY WAY). 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 8 CAREY WAY?

8 CAREY WAY is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 8 on CAREY WAY.