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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1A MERCHANT LANE is a midsized detached house of 123m², which could now be worth an estimated £439,219. It was last sold for £358,125 in September 2019, which was around 30% 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	£508,440	30% below HPI
2014 7 NOV	£307,000	£382,599	20% 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2019 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 1A MERCHANT LANE be worth now?

1A MERCHANT LANE might now be worth an estimated £439,219.

This is based on house price inflation of 22.6%, between September 2019 and February 2025, 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 22.6% inflationary increase is applied to the most recent sale price for 1A MERCHANT LANE of £358,125 on 26th September 2019. For the value to have increased from £358,125 to £439,219 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 1A MERCHANT LANE has moved in line with the HPI for detached houses in the Central Bedfordshire local authority area.
• The September 2019 sale price of £358,125 represented a fair market value for the property.
• The size, condition, and specification of 1A MERCHANT LANE has not materially changed since September 2019.

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 houses in Cranfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranfield, and where 1A MERCHANT LANE lies on this distribution: 52% of detached houses 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.