1, OBSERVER CLOSE, BIDDENHAM, BEDFORD, MK40 4EU - £500,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 OBSERVER CLOSE is a very large extended detached house of 326m², built sometime between 2003 and 2006. It was last sold for £500,000 in January 2010, which was around 77% above the average January 2010 detached price in the Bedford local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

1 OBSERVER CLOSE Sold Prices

Land registry data shows two sales for 1 OBSERVER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bedford local authority area for the corresponding sale date. Both of the two 1 OBSERVER CLOSE sales were 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
2010 28 JAN	£500,000	£282,264	77% above HPI
2004 18 OCT	£530,000	£272,139	95% above HPI

1 OBSERVER 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 two 1 OBSERVER CLOSE sales from October 2004 and January 2010 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 October 2004 sale was for 95% above the HPI. So the extrapolation line tracks at 95% above the HPI over time, until the January 2010 sale, where it falls to 77% above the HPI. The line then continues to track at 77% above the HPI.

How Large is 1 OBSERVER CLOSE?

1 OBSERVER CLOSE is 326m², which includes one extension, according to the EPC inspection conducted in July 2009. This puts it in the largest 10% of detached houses in Bedford, based on EPC data. The below chart shows the distribution of detached houses by size in Bedford, and where 1 OBSERVER CLOSE lies on this distribution: 97% of detached houses are smaller than 1 OBSERVER CLOSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Bedford.

1 OBSERVER CLOSE: Plot and Title Map

1 OBSERVER CLOSE sits on a plot of roughly 0.348 of an acre, or 1,409m². The below map shows the location of 1 OBSERVER 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 OBSERVER 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 OBSERVER CLOSE?

1 OBSERVER CLOSE is located in BIDDENHAM, in the MK40 postcode district. The below map shows the position of No. 1 on OBSERVER CLOSE.