16, TOWNSEND CLOSE, CRANFIELD, BEDFORD, MK43 0DJ - £315,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 TOWNSEND CLOSE is a small extended detached house of 103m², built sometime between 1967 and 1975, which could now be worth an estimated £363,845. It was last sold for £315,000 in September 2021, which was around 40% below the average September 2021 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

16 TOWNSEND CLOSE Sold Prices

Land registry data shows two sales for 16 TOWNSEND 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 Central Bedfordshire local authority area for the corresponding sale date. Both of the two 16 TOWNSEND 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
2021 27 SEP	£315,000	£527,525	40% below HPI
2015 27 OCT	£237,000	£429,127	45% below HPI

16 TOWNSEND CLOSE 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 two 16 TOWNSEND CLOSE sales from October 2015 and September 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 October 2015 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the September 2021 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 16 TOWNSEND CLOSE be worth now?

16 TOWNSEND CLOSE might now be worth an estimated £363,845.

This is based on house price inflation of 15.5%, between September 2021 and December 2024, for detached houses, in the Central Bedfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.5% inflationary increase is applied to the most recent sale price for 16 TOWNSEND CLOSE of £315,000 on 27th September 2021. For the value to have increased from £315,000 to £363,845 over the two years and nine months to December 2024, the following assumptions must hold true:

• The value of 16 TOWNSEND CLOSE has moved in line with the HPI for detached houses in the Central Bedfordshire local authority area.
• The September 2021 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 16 TOWNSEND CLOSE has not materially changed since September 2021.

How Large is 16 TOWNSEND CLOSE?

16 TOWNSEND CLOSE is 103m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 30% of detached houses houses in Cranfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranfield, and where 16 TOWNSEND CLOSE lies on this distribution: 27% of detached houses houses are smaller than 16 TOWNSEND CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

16 TOWNSEND CLOSE: Plot and Title Map

16 TOWNSEND CLOSE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 16 TOWNSEND 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 16 TOWNSEND 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 16 TOWNSEND CLOSE?

16 TOWNSEND CLOSE is located in CRANFIELD, in the MK43 postcode district. The below map shows the position of No. 16 on TOWNSEND CLOSE.