Michael Graham says ..

Property Oracle says ..

Olney, Buckinghamshire Property Analysis

The property at Stone Pit Close, Olney, is a 5-bedroom, 3-bathroom detached house with a total area of 1,791.49 sqft and a plot size of 2,235 sqft. The list price is £950,000.

The property appears to be in excellent condition, recently modernised to a high standard. The images show a well-maintained interior and exterior, with modern fixtures and fittings throughout. The kitchen and bathrooms are contemporary and stylish. The garden is also well-maintained, offering a good-sized outdoor space. The property benefits from a double garage.

Olney is a desirable town in Buckinghamshire, known for its picturesque setting and proximity to good schools. The nearby schools include Olney Infant Academy, Olney Middle School (rated ‘Good’ by Ofsted), and several others with ‘Good’ or ‘Outstanding’ ratings within a reasonable distance. This makes the location attractive to families.

While the average house price in the area is significantly lower at £545,333, the average sqft is 1,598 sqft, considerably smaller than the subject property. The average price per sqft of £341 is also significantly lower. The higher price of this property is likely justified by its larger size, superior condition, and modern features, compared to other properties in the area. Nearby comparable properties on Stone Pit Close range from £370,000 to £755,000, indicating that the list price of £950,000 falls within the higher end of the price range for similar properties in the immediate vicinity. However, the lack of sqft data for these comparable properties makes a precise comparison difficult.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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