3, MIDLAND ROAD, OLNEY, MK46 4BL - £425,000

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.

3 MIDLAND ROAD is a midsized extended terraced house of 117m², built sometime before 1900, which could now be worth an estimated £546,932. It was last sold for £425,000 in November 2019, which was around 98% above the average November 2019 terraced price in the Milton Keynes local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was C.

3 MIDLAND ROAD Sold Prices

Land registry data shows five sales for 3 MIDLAND ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Milton Keynes local authority area for the corresponding sale date. All of the five 3 MIDLAND ROAD sales were 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
2019 15 NOV	£425,000	£215,065	98% above HPI
2018 28 AUG	£380,000	£221,609	71% above HPI
2012 14 DEC	£250,000	£142,751	75% above HPI
2004 14 MAY	£207,000	£118,524	75% above HPI
2003 21 FEB	£180,000	£103,763	73% above HPI

3 MIDLAND ROAD 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 five 3 MIDLAND ROAD sales between February 2003 and November 2019 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 2018 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the November 2019 sale, where it rises to 98% above the HPI. The line then continues to track at 98% above the HPI.

What might 3 MIDLAND ROAD be worth now?

3 MIDLAND ROAD might now be worth an estimated £546,932.

This is based on house price inflation of 28.7%, between November 2019 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 28.7% inflationary increase is applied to the most recent sale price for 3 MIDLAND ROAD of £425,000 on 15th November 2019. For the value to have increased from £425,000 to £546,932 over the seven years and four months to July 2026, the following assumptions must hold true:

• The value of 3 MIDLAND ROAD has moved in line with the HPI for terraced houses in the Milton Keynes local authority area.
• The November 2019 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MIDLAND ROAD has not materially changed since November 2019.

How Large is 3 MIDLAND ROAD?

3 MIDLAND ROAD is 117m², which includes two extensions, according to the EPC inspection conducted in August 2012. This puts it in the smallest 50% 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 3 MIDLAND ROAD lies on this distribution: 44% of terraced houses houses are smaller than 3 MIDLAND ROAD, and 55% of houses are larger. Note that EPC data is not available for all properties in Olney.

3 MIDLAND ROAD: Plot and Title Map

3 MIDLAND ROAD sits on a plot of roughly 0.034 of an acre, or 137m². The below map shows the location of 3 MIDLAND ROAD, 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 3 MIDLAND ROAD). 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 3 MIDLAND ROAD?

3 MIDLAND ROAD is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 3 on MIDLAND ROAD.