1, CHELTENHAM CLOSE, BEDFORD, MK41 8RL - £430,000

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.

1 CHELTENHAM CLOSE is a small detached house of 99m², built sometime between 1983 and 1990, which could now be worth an estimated £513,595. It was last sold for £430,000 in March 2018, which was around 5% below the average March 2018 detached price in the Bedford local authority area. The most recent EPC inspection was October 2017, where the current energy rating was B, and the potential energy rating was B.

1 CHELTENHAM CLOSE Sold Prices

Land registry data shows three sales for 1 CHELTENHAM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bedford local authority area for the corresponding sale date. Two of the three 1 CHELTENHAM CLOSE sales were for below the average price, whilst one 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
2018 29 MAR	£430,000	£451,588	5% below HPI
2005 27 MAY	£247,500	£268,816	8% below HPI
1998 22 JUL	£145,000	£115,735	25% above HPI

1 CHELTENHAM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bedford local authority area over time, sourced from the HPI. The three 1 CHELTENHAM CLOSE sales between July 1998 and March 2018 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 May 2005 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the March 2018 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 1 CHELTENHAM CLOSE be worth now?

1 CHELTENHAM CLOSE might now be worth an estimated £513,595.

This is based on house price inflation of 19.4%, between March 2018 and February 2025, for detached houses, in the Bedford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.4% inflationary increase is applied to the most recent sale price for 1 CHELTENHAM CLOSE of £430,000 on 29th March 2018. For the value to have increased from £430,000 to £513,595 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of 1 CHELTENHAM CLOSE has moved in line with the HPI for detached houses in the Bedford local authority area.
• The March 2018 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CHELTENHAM CLOSE has not materially changed since March 2018.

How Large is 1 CHELTENHAM CLOSE?

1 CHELTENHAM CLOSE is 99m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 30% of detached houses houses in Bedford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bedford, and where 1 CHELTENHAM CLOSE lies on this distribution: 24% of detached houses houses are smaller than 1 CHELTENHAM CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Bedford.

1 CHELTENHAM CLOSE: Plot and Title Map

1 CHELTENHAM CLOSE sits on a plot of roughly 0.170 of an acre, or 686m². The below map shows the location of 1 CHELTENHAM 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 1 CHELTENHAM 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 1 CHELTENHAM CLOSE?

1 CHELTENHAM CLOSE is located in BEDFORD, in the MK41 postcode district. The below map shows the position of No. 1 on CHELTENHAM CLOSE.