24, ANDING CLOSE, OLNEY, MK46 5QL - £290,000

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.

24 ANDING CLOSE is a very small terraced house of 65m², built sometime between 1991 and 1995, which could now be worth an estimated £308,250. It was last sold for £290,000 in February 2023, which was around 11% above the average February 2023 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

24 ANDING CLOSE Sold Prices

Land registry data shows two sales for 24 ANDING CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. One of the two 24 ANDING CLOSE sales was for above the average price, whilst the other 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
2023 17 FEB	£290,000	£260,381	11% above HPI
2004 29 NOV	£25,000	£128,010	80% below HPI

24 ANDING CLOSE 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 two 24 ANDING CLOSE sales from November 2004 and February 2023 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 November 2004 sale was for 80% below the HPI. So the extrapolation line tracks at 80% below the HPI over time, until the February 2023 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 24 ANDING CLOSE be worth now?

24 ANDING CLOSE might now be worth an estimated £308,250.

This is based on house price inflation of 6.3%, between February 2023 and July 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 6.3% inflationary increase is applied to the most recent sale price for 24 ANDING CLOSE of £290,000 on 17th February 2023. For the value to have increased from £290,000 to £308,250 over the two years and seven months to July 2026, the following assumptions must hold true:

• The value of 24 ANDING CLOSE has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The February 2023 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 24 ANDING CLOSE has not materially changed since February 2023.

How Large is 24 ANDING CLOSE?

24 ANDING CLOSE is 65m² according to the EPC inspection conducted in May 2023. This puts it in the smallest 10% 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 24 ANDING CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 24 ANDING CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Olney.

24 ANDING CLOSE: Plot and Title Map

24 ANDING CLOSE sits on a plot of roughly 0.043 of an acre, or 174m². The below map shows the location of 24 ANDING 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 24 ANDING 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 24 ANDING CLOSE?

24 ANDING CLOSE is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 24 on ANDING CLOSE.