THE OLD FIRE STATION, EAST STREET, OLNEY, MK46 4DH - £895,000

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

THE OLD FIRE STATION is a very large extended detached house of 226m², built sometime from 2007 onwards. It was last sold for £895,000 in March 2022, which was around 81% above the average March 2022 detached price in the Milton Keynes local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

THE OLD FIRE STATION Sold Prices

Land registry data shows five sales for THE OLD FIRE STATION since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Most of the five THE OLD FIRE STATION 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
2022 14 MAR	£895,000	£493,354	81% above HPI
2009 26 OCT	£217,500	£258,144	16% below HPI
2003 24 JUN	£150,000	£222,418	33% below HPI
2003 10 MAR	£60,000	£228,396	74% below HPI
1996 8 JAN	£22,000	£83,396	74% below HPI

THE OLD FIRE STATION 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 five THE OLD FIRE STATION sales between January 1996 and March 2022 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 2009 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2022 sale, where it rises to 81% above the HPI. The line then continues to track at 81% above the HPI.

How Large is THE OLD FIRE STATION?

THE OLD FIRE STATION is 226m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the largest 10% of detached houses in Olney, based on EPC data. The below chart shows the distribution of detached houses by size in Olney, and where THE OLD FIRE STATION lies on this distribution: 97% of detached houses are smaller than THE OLD FIRE STATION, and 3% of houses are larger. Note that EPC data is not available for all properties in Olney.

THE OLD FIRE STATION: Plot and Title Map

THE OLD FIRE STATION sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of THE OLD FIRE STATION, 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 THE OLD FIRE STATION). 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 THE OLD FIRE STATION?

THE OLD FIRE STATION is located on EAST STREET in OLNEY, in the MK46 postcode district. The below map shows the position of THE OLD FIRE STATION on EAST STREET.