12, CHERRY ORCHARD, OLNEY, MK46 5PT - £311,000

12 CHERRY ORCHARD is a very small extended detached house of 66m², built sometime between 1983 and 1990. It was last sold for £311,000 in March 2021, which was around 32% below the average March 2021 detached price in the Milton Keynes local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

12 CHERRY ORCHARD Sold Prices

Land registry data shows five sales for 12 CHERRY ORCHARD 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. All of the five 12 CHERRY ORCHARD 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
2021 17 MAR	£311,000	£460,475	32% below HPI
2004 14 DEC	£200,000	£254,350	21% below HPI
2001 14 DEC	£135,000	£173,206	22% below HPI
1996 29 MAY	£47,500	£84,626	44% below HPI
1995 13 JAN	£57,000	£84,260	32% below HPI

12 CHERRY ORCHARD 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 12 CHERRY ORCHARD sales between January 1995 and March 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 December 2004 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the March 2021 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 12 CHERRY ORCHARD?

12 CHERRY ORCHARD is 66m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 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 12 CHERRY ORCHARD lies on this distribution: 2% of detached houses are smaller than 12 CHERRY ORCHARD, and 98% of houses are larger. Note that EPC data is not available for all properties in Olney.

12 CHERRY ORCHARD: Plot and Title Map

12 CHERRY ORCHARD sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 12 CHERRY ORCHARD, 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 12 CHERRY ORCHARD). 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 12 CHERRY ORCHARD?

12 CHERRY ORCHARD is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 12 on CHERRY ORCHARD.