1B, MERCHANT LANE, CRANFIELD, BEDFORD, MK43 0BU - £310,000

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

1B MERCHANT LANE is a midsized detached house of 123m², which could now be worth an estimated £489,111. It was last sold for £310,000 in December 2014, which was around 20% below the average December 2014 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.

1B MERCHANT LANE Sold Prices

Land registry data shows two sales for 1B 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 1B 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
2014 19 DEC	£310,000	£386,192	20% below HPI
2014 13 MAY	£175,000	£354,489	51% below HPI

1B 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 1B MERCHANT LANE sales from May 2014 and December 2014 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 May 2014 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the December 2014 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 1B MERCHANT LANE be worth now?

1B MERCHANT LANE might now be worth an estimated £489,111.

This is based on house price inflation of 57.8%, between December 2014 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 57.8% inflationary increase is applied to the most recent sale price for 1B MERCHANT LANE of £310,000 on 19th December 2014. For the value to have increased from £310,000 to £489,111 over the ten years to December 2024, the following assumptions must hold true:

• The value of 1B MERCHANT LANE has moved in line with the HPI for detached houses in the Central Bedfordshire local authority area.
• The December 2014 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 1B MERCHANT LANE has not materially changed since December 2014.

How Large is 1B MERCHANT LANE?

1B 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 1B MERCHANT LANE lies on this distribution: 52% of detached houses houses are smaller than 1B MERCHANT LANE, and 48% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

1B MERCHANT LANE: Plot and Title Map

1B MERCHANT LANE sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 1B 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 1B 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 1B MERCHANT LANE?

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