12, GILLESPIE CLOSE, BEDFORD, MK42 9JH - £235,000

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 GILLESPIE CLOSE is a very small detached house of 76m², built sometime between 2003 and 2006. It was last sold for £235,000 in January 2017, which was around 46% below the average January 2017 detached price in the Bedford local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

12 GILLESPIE CLOSE Sold Prices

Land registry data shows four sales for 12 GILLESPIE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bedford local authority area for the corresponding sale date. All of the four 12 GILLESPIE CLOSE 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
2017 19 JAN	£235,000	£439,022	46% below HPI
2006 6 OCT	£175,000	£299,526	42% below HPI
2005 6 MAY	£165,000	£274,702	40% below HPI
2003 9 MAY	£149,995	£242,755	38% below HPI

12 GILLESPIE 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 four 12 GILLESPIE CLOSE sales between May 2003 and January 2017 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 2006 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the January 2017 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 12 GILLESPIE CLOSE?

12 GILLESPIE CLOSE is 76m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 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 12 GILLESPIE CLOSE lies on this distribution: 6% of detached houses are smaller than 12 GILLESPIE CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Bedford.

12 GILLESPIE CLOSE: Plot and Title Map

12 GILLESPIE CLOSE sits on a plot of roughly 0.045 of an acre, or 184m². The below map shows the location of 12 GILLESPIE 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 12 GILLESPIE 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 12 GILLESPIE CLOSE?

12 GILLESPIE CLOSE is located in BEDFORD, in the MK42 postcode district. The below map shows the position of No. 12 on GILLESPIE CLOSE.