11, SLATEPITS CROFT, OLNEY, MK46 5NF - £110,000

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.

11 SLATEPITS CROFT is a very small terraced house of 83m², built sometime between 2003 and 2006, which could now be worth an estimated £134,500. It was last sold for £110,000 in August 2018, which was around 50% below the average August 2018 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was B.

11 SLATEPITS CROFT Sold Prices

Land registry data shows three sales for 11 SLATEPITS CROFT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. Two of the three 11 SLATEPITS CROFT sales were for below the average price, whilst one was 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
2018 31 AUG	£110,000	£221,609	50% below HPI
2008 26 FEB	£84,000	£154,913	46% below HPI
2007 20 AUG	£158,481	£154,401	3% above HPI

11 SLATEPITS CROFT Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Milton Keynes local authority area over time, sourced from the HPI. The three 11 SLATEPITS CROFT sales between August 2007 and August 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 February 2008 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the August 2018 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 11 SLATEPITS CROFT be worth now?

11 SLATEPITS CROFT might now be worth an estimated £134,500.

This is based on house price inflation of 22.3%, between August 2018 and May 2026, for terraced 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 11 SLATEPITS CROFT of £110,000 on 31st August 2018. For the value to have increased from £110,000 to £134,500 over the eight years and three months to May 2026, the following assumptions must hold true:

• The value of 11 SLATEPITS CROFT has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The August 2018 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 11 SLATEPITS CROFT has not materially changed since August 2018.

How Large is 11 SLATEPITS CROFT?

11 SLATEPITS CROFT is 83m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 20% of terraced houses houses in Olney, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Olney, and where 11 SLATEPITS CROFT lies on this distribution: 11% of terraced houses houses are smaller than 11 SLATEPITS CROFT, and 89% of houses are larger. Note that EPC data is not available for all properties in Olney.

11 SLATEPITS CROFT: Plot and Title Map

11 SLATEPITS CROFT sits on a plot of roughly 0.029 of an acre, or 119m². The below map shows the location of 11 SLATEPITS CROFT, 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 11 SLATEPITS CROFT). 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 11 SLATEPITS CROFT?

11 SLATEPITS CROFT is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 11 on SLATEPITS CROFT.