11, SPRING LANE, OLNEY, MK46 5HT - £378,000

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.

11 SPRING LANE is a small extended detached house of 111m², built sometime between 1930 and 1949, which could now be worth an estimated £468,603. It was last sold for £378,000 in February 2020, which was around 15% below the average February 2020 detached price in the Milton Keynes local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

11 SPRING LANE Sold Prices

Land registry data shows one sale for 11 SPRING LANE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 14 FEB	£378,000	£443,475	15% below HPI

What might 11 SPRING LANE be worth now?

11 SPRING LANE might now be worth an estimated £468,603.

This is based on house price inflation of 24%, between February 2020 and May 2026, for 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 24% inflationary increase is applied to the most recent sale price for 11 SPRING LANE of £378,000 on 14th February 2020. For the value to have increased from £378,000 to £468,603 over the five years and nine months to May 2026, the following assumptions must hold true:

• The value of 11 SPRING LANE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The February 2020 sale price of £378,000 represented a fair market value for the property.
• The size, condition, and specification of 11 SPRING LANE has not materially changed since February 2020.

How Large is 11 SPRING LANE?

11 SPRING LANE is 111m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the smallest 40% of detached houses in Olney, based on EPC data. The below chart shows the distribution of detached houses by size in Olney, and where 11 SPRING LANE lies on this distribution: 38% of detached houses are smaller than 11 SPRING LANE, and 62% of detached houses are larger. Note that EPC data is not available for all properties in Olney.

11 SPRING LANE: Plot

11 SPRING LANE sits on a plot of roughly 0.129 of an acre, or 522m².

Where is 11 SPRING LANE?

11 SPRING LANE is located in OLNEY, in the MK46 postcode district.