12, REDE CLOSE, BEDFORD, MK41 7UH - £320,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

12 REDE CLOSE is a small extended detached house of 103m², built sometime between 1967 and 1975. It was last sold for £320,000 in November 2019, which was around 32% below the average November 2019 detached price in the Bedford local authority area. The most recent EPC inspection was May 2019, where the current energy rating was E, and the potential energy rating was C.

12 REDE CLOSE Sold Prices

Land registry data shows three sales for 12 REDE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bedford local authority area for the corresponding sale date. All of the three 12 REDE 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
2019 22 NOV	£320,000	£467,221	32% below HPI
2006 8 DEC	£216,500	£293,606	26% below HPI
1997 12 DEC	£91,000	£110,338	18% below HPI

12 REDE 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 three 12 REDE CLOSE sales between December 1997 and November 2019 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 December 2006 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2019 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 12 REDE CLOSE?

12 REDE CLOSE is 103m², which includes two extensions, according to the EPC inspection conducted in May 2019. This puts it in the smallest 30% 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 REDE CLOSE lies on this distribution: 28% of detached houses are smaller than 12 REDE CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Bedford.

12 REDE CLOSE: Plot and Title Map

12 REDE CLOSE sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 12 REDE 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 REDE 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 REDE CLOSE?

12 REDE CLOSE is located in BEDFORD, in the MK41 postcode district. The below map shows the position of No. 12 on REDE CLOSE.