1, LANCASTER PLACE, SHEFFORD, SG17 5UF - £194,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 LANCASTER PLACE is a very small detached house of 93m², built sometime between 1991 and 1995, which could now be worth an estimated £404,454. It was last sold for £194,000 in August 2004, which was around 34% below the average August 2004 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

1 LANCASTER PLACE Sold Prices

Land registry data shows three sales for 1 LANCASTER PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. All of the three 1 LANCASTER PLACE sales were 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
2004 24 AUG	£194,000	£292,268	34% below HPI
1998 22 MAY	£89,995	£130,953	31% below HPI
1995 22 DEC	£74,655	£101,239	26% below HPI

1 LANCASTER PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The three 1 LANCASTER PLACE sales between December 1995 and August 2004 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 1998 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the August 2004 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 1 LANCASTER PLACE be worth now?

1 LANCASTER PLACE might now be worth an estimated £404,454.

This is based on house price inflation of 108.5%, between August 2004 and December 2024, for detached houses, in the Central Bedfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 108.5% inflationary increase is applied to the most recent sale price for 1 LANCASTER PLACE of £194,000 on 24th August 2004. For the value to have increased from £194,000 to £404,454 over the nineteen years and eight months to December 2024, the following assumptions must hold true:

• The value of 1 LANCASTER PLACE has moved in line with the HPI for detached houses in the Central Bedfordshire local authority area.
• The August 2004 sale price of £194,000 represented a fair market value for the property.
• The size, condition, and specification of 1 LANCASTER PLACE has not materially changed since August 2004.

How Large is 1 LANCASTER PLACE?

1 LANCASTER PLACE is 93m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 20% of detached houses houses in Shefford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shefford, and where 1 LANCASTER PLACE lies on this distribution: 15% of detached houses houses are smaller than 1 LANCASTER PLACE, and 85% of houses are larger. Note that EPC data is not available for all properties in Shefford.

1 LANCASTER PLACE: Plot and Title Map

1 LANCASTER PLACE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 1 LANCASTER PLACE, 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 LANCASTER PLACE). 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 LANCASTER PLACE?

1 LANCASTER PLACE is located in SHEFFORD, in the SG17 postcode district. The below map shows the position of No. 1 on LANCASTER PLACE.