18, CAVES LANE, BEDFORD, MK40 3DP - £377,500

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

18 CAVES LANE is a small extended detached house of 111m², built sometime between 1950 and 1966. It was last sold for £377,500 in April 2019, which was around 20% below the average April 2019 detached price in the Bedford local authority area. The most recent EPC inspection was January 2019, where the current energy rating was C, and the potential energy rating was B.

18 CAVES LANE Sold Prices

Land registry data shows three sales for 18 CAVES LANE 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 18 CAVES LANE 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 26 APR	£377,500	£469,319	20% below HPI
2014 7 MAR	£242,500	£317,051	24% below HPI
2005 4 APR	£221,000	£275,801	20% below HPI

18 CAVES LANE 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 18 CAVES LANE sales between April 2005 and April 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 March 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the April 2019 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 18 CAVES LANE?

18 CAVES LANE is 111m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the smallest 40% of detached houses in Bedford, based on EPC data. The below chart shows the distribution of detached houses by size in Bedford, and where 18 CAVES LANE lies on this distribution: 36% of detached houses are smaller than 18 CAVES LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Bedford.

18 CAVES LANE: Plot and Title Map

18 CAVES LANE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 18 CAVES LANE, 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 18 CAVES LANE). 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 18 CAVES LANE?

18 CAVES LANE is located in BEDFORD, in the MK40 postcode district. The below map shows the position of No. 18 on CAVES LANE.