7, RIVETTS CLOSE, OLNEY, MK46 5PB - £162,000

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.

7 RIVETTS CLOSE is a very small semi-detached house of 62m², built sometime between 1983 and 1990, which could now be worth an estimated £348,703. It was last sold for £162,000 in May 2005, which was around 4% above the average May 2005 semi-detached price in the Milton Keynes local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

7 RIVETTS CLOSE Sold Prices

Land registry data shows two sales for 7 RIVETTS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Milton Keynes local authority area for the corresponding sale date. One of the two 7 RIVETTS 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
2005 23 MAY	£162,000	£155,478	4% above HPI
2000 13 DEC	£82,500	£84,090	2% below HPI

7 RIVETTS CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The two 7 RIVETTS CLOSE sales from December 2000 and May 2005 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 2000 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the May 2005 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 7 RIVETTS CLOSE be worth now?

7 RIVETTS CLOSE might now be worth an estimated £348,703.

This is based on house price inflation of 115.2%, between May 2005 and July 2026, for semi-detached 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 115.2% inflationary increase is applied to the most recent sale price for 7 RIVETTS CLOSE of £162,000 on 23rd May 2005. For the value to have increased from £162,000 to £348,703 over the twenty years and ten months to July 2026, the following assumptions must hold true:

• The value of 7 RIVETTS CLOSE has moved in line with the HPI for semi-detached houses in the Milton Keynes local authority area.
• The May 2005 sale price of £162,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RIVETTS CLOSE has not materially changed since May 2005.

How Large is 7 RIVETTS CLOSE?

7 RIVETTS CLOSE is 62m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% of semi-detached houses houses in Olney, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Olney, and where 7 RIVETTS CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 7 RIVETTS CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Olney.

7 RIVETTS CLOSE: Plot and Title Map

7 RIVETTS CLOSE sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 7 RIVETTS 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 7 RIVETTS 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 7 RIVETTS CLOSE?

7 RIVETTS CLOSE is located in OLNEY, in the MK46 postcode district. The below map shows the position of No. 7 on RIVETTS CLOSE.