8, STONEMASONS CLOSE, OLNEY, MK46 5FF - £399,950

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 STONEMASONS CLOSE is a very small detached house of 95m², built sometime between 2003 and 2006, which could now be worth an estimated £581,262. It was last sold for £399,950 in September 2015, which was around 3% above the average September 2015 detached price in the Milton Keynes local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

8 STONEMASONS CLOSE Sold Prices

Land registry data shows three sales for 8 STONEMASONS 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. Two of the three 8 STONEMASONS CLOSE sales were for above the average price, whilst one was for below 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
2015 18 SEP	£399,950	£389,052	3% above HPI
2011 31 OCT	£332,000	£289,875	15% above HPI
2006 14 MAY	£246,952	£264,439	7% below HPI

8 STONEMASONS 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 8 STONEMASONS CLOSE sales between May 2006 and September 2015 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 October 2011 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the September 2015 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 8 STONEMASONS CLOSE be worth now?

8 STONEMASONS CLOSE might now be worth an estimated £581,262.

This is based on house price inflation of 45.3%, between September 2015 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 45.3% inflationary increase is applied to the most recent sale price for 8 STONEMASONS CLOSE of £399,950 on 18th September 2015. For the value to have increased from £399,950 to £581,262 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of 8 STONEMASONS CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The September 2015 sale price of £399,950 represented a fair market value for the property.
• The size, condition, and specification of 8 STONEMASONS CLOSE has not materially changed since September 2015.

How Large is 8 STONEMASONS CLOSE?

8 STONEMASONS CLOSE is 95m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% 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 8 STONEMASONS CLOSE lies on this distribution: 17% of detached houses houses are smaller than 8 STONEMASONS CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Olney.

8 STONEMASONS CLOSE: Plot and Title Map

8 STONEMASONS CLOSE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 8 STONEMASONS 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 8 STONEMASONS 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 8 STONEMASONS CLOSE?

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