9, ELMLEA DRIVE, OLNEY, MK46 5HU - £390,000

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

9 ELMLEA DRIVE is a midsized extended detached house of 120m², built sometime between 1976 and 1982. It was last sold for £390,000 in October 2018, which was around 12% below the average October 2018 detached price in the Milton Keynes local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

9 ELMLEA DRIVE Sold Prices

Land registry data shows four sales for 9 ELMLEA DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. All of the four 9 ELMLEA DRIVE sales were 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
2018 30 OCT	£390,000	£442,097	12% below HPI
2010 2 AUG	£250,000	£277,995	10% below HPI
2002 8 FEB	£162,500	£175,387	7% below HPI
1999 26 FEB	£87,500	£108,197	19% below HPI

9 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 four 9 ELMLEA DRIVE sales between February 1999 and October 2018 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 August 2010 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the October 2018 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 9 ELMLEA DRIVE?

9 ELMLEA DRIVE is 120m², which includes two extensions, according to the EPC inspection conducted in August 2018. This puts it in the smallest 50% of detached houses in Olney, based on EPC data. The below chart shows the distribution of detached houses by size in Olney, and where 9 ELMLEA DRIVE lies on this distribution: 49% of detached houses are smaller than 9 ELMLEA DRIVE, and 50% of houses are larger. Note that EPC data is not available for all properties in Olney.

9 ELMLEA DRIVE: Plot and Title Map

9 ELMLEA DRIVE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 9 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 9 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 9 ELMLEA DRIVE?

9 ELMLEA DRIVE is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 9 on ELMLEA DRIVE.