1A, MERCHANT LANE, CRANFIELD, BEDFORD, MK43 0BU - £358,125

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

1A MERCHANT LANE is a midsized detached house of 123m². It was last sold for £358,125 in September 2019, which was around 28% below the average September 2019 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was January 2014, where the current energy rating was B, and the potential energy rating was B.

1A MERCHANT LANE Sold Prices

Land registry data shows two sales for 1A MERCHANT LANE 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 1A MERCHANT 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 SEP	£358,125	£494,458	28% below HPI
2014 7 NOV	£307,000	£373,585	18% below HPI

1A MERCHANT LANE 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 1A MERCHANT LANE sales from November 2014 and September 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 November 2014 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2019 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 1A MERCHANT LANE?

1A MERCHANT LANE is 123m² according to the EPC inspection conducted in January 2014. This puts it in the largest 50% of detached houses in Cranfield, based on EPC data. The below chart shows the distribution of detached houses by size in Cranfield, and where 1A MERCHANT LANE lies on this distribution: 52% of detached houses are smaller than 1A MERCHANT LANE, and 48% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

1A MERCHANT LANE: Plot and Title Map

1A MERCHANT LANE sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 1A MERCHANT 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 1A MERCHANT 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 1A MERCHANT LANE?

1A MERCHANT LANE is located in CRANFIELD, in the MK43 postcode district. The below map shows the position of No. 1A on MERCHANT LANE.