12, CRANE WAY, CRANFIELD, BEDFORD, MK43 0HW - £328,000

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

12 CRANE WAY is a small extended semi-detached house of 104m², built sometime between 1950 and 1966. It was last sold for £328,000 in November 2021, which was around 38% below the average November 2021 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

12 CRANE WAY Sold Prices

Land registry data shows three sales for 12 CRANE WAY 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 12 CRANE WAY 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
2021 19 NOV	£328,000	£526,756	38% below HPI
2016 19 AUG	£294,000	£459,270	36% below HPI
2009 26 AUG	£169,000	£292,851	42% below HPI

12 CRANE WAY 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 12 CRANE WAY sales between August 2009 and November 2021 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 August 2016 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the November 2021 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 12 CRANE WAY?

12 CRANE WAY is 104m², which includes two extensions, according to the EPC inspection conducted in April 2016. This puts it in the smallest 30% of detached houses in Cranfield, based on EPC data. The below chart shows the distribution of detached houses by size in Cranfield, and where 12 CRANE WAY lies on this distribution: 29% of detached houses are smaller than 12 CRANE WAY, and 71% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

12 CRANE WAY: Plot and Title Map

12 CRANE WAY sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 12 CRANE WAY, 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 12 CRANE WAY). 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 12 CRANE WAY?

12 CRANE WAY is located in CRANFIELD, in the MK43 postcode district. The below map shows the position of No. 12 on CRANE WAY.