40, SPRING LANE, OLNEY, MK46 5HT - £320,000

40 SPRING LANE is a very large detached house of 205m². It was last sold for £320,000 in December 2014, which was around 7% below the average December 2014 detached price in the Milton Keynes local authority area. The most recent EPC inspection was August 2017, where the current energy rating was B, and the potential energy rating was B.

40 SPRING LANE Sold Prices

Land registry data shows two sales for 40 SPRING LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. One of the two 40 SPRING LANE sales was for below the average price, whilst the other 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
2014 17 DEC	£320,000	£342,647	7% below HPI
1998 19 OCT	£112,000	£106,585	5% above HPI

40 SPRING LANE 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 two 40 SPRING LANE sales from October 1998 and December 2014 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 1998 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the December 2014 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 40 SPRING LANE?

40 SPRING LANE is 205m² according to the EPC inspection conducted in August 2017. 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 40 SPRING LANE lies on this distribution: 95% of detached houses are smaller than 40 SPRING LANE, and 4% of houses are larger. Note that EPC data is not available for all properties in Olney.

40 SPRING LANE: Plot and Title Map

40 SPRING LANE sits on a plot of roughly 0.147 of an acre, or 596m². The below map shows the location of 40 SPRING LANE, 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 40 SPRING LANE). 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 40 SPRING LANE?

40 SPRING LANE is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 40 on SPRING LANE.