1, THE DRIVE, SHARNBROOK, BEDFORD, MK44 1HU - £460,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 THE DRIVE is a midsized extended detached house of 146m², built sometime between 1967 and 1975. It was last sold for £460,000 in June 2023, which was around 15% below the average June 2023 detached price in the Bedford local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was C.

1 THE DRIVE Sold Prices

Land registry data shows two sales for 1 THE DRIVE 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. One of the two 1 THE DRIVE sales was for below the average price, whilst the other 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
2023 16 JUN	£460,000	£540,454	15% below HPI
2014 10 NOV	£350,000	£347,022	1% above HPI

1 THE DRIVE 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 THE DRIVE sales from November 2014 and June 2023 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 November 2014 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the June 2023 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 1 THE DRIVE?

1 THE DRIVE is 146m², which includes two extensions, according to the EPC inspection conducted in February 2023. This puts it in the largest 50% of detached houses in Sharnbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Sharnbrook, and where 1 THE DRIVE lies on this distribution: 53% of detached houses are smaller than 1 THE DRIVE, and 46% of houses are larger. Note that EPC data is not available for all properties in Sharnbrook.

1 THE DRIVE: Plot and Title Map

1 THE DRIVE sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of 1 THE DRIVE, 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 THE DRIVE). 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 THE DRIVE?

1 THE DRIVE is located in SHARNBROOK, in the MK44 postcode district. The below map shows the position of No. 1 on THE DRIVE.