2, MAY CLOSE, EATON BRAY, DUNSTABLE, LU6 2RL - £375,000

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.

2 MAY CLOSE is a very small detached house of 81m², built sometime between 1991 and 1995, which could now be worth an estimated £457,749. It was last sold for £375,000 in July 2020, which was around 27% below the average July 2020 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was B.

2 MAY CLOSE Sold Prices

Land registry data shows five sales for 2 MAY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. All of the five 2 MAY 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
2020 17 JUL	£375,000	£510,846	27% below HPI
2018 5 MAR	£397,500	£523,460	24% below HPI
2015 7 AUG	£320,000	£412,349	22% below HPI
2007 16 MAY	£250,000	£329,480	24% below HPI
1996 29 JAN	£87,500	£102,377	15% below HPI

2 MAY 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 five 2 MAY CLOSE sales between January 1996 and July 2020 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 2018 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the July 2020 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 2 MAY CLOSE be worth now?

2 MAY CLOSE might now be worth an estimated £457,749.

This is based on house price inflation of 22.1%, between July 2020 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 22.1% inflationary increase is applied to the most recent sale price for 2 MAY CLOSE of £375,000 on 17th July 2020. For the value to have increased from £375,000 to £457,749 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 2 MAY CLOSE has moved in line with the HPI for detached houses in the Central Bedfordshire local authority area.
• The July 2020 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MAY CLOSE has not materially changed since July 2020.

How Large is 2 MAY CLOSE?

2 MAY CLOSE is 81m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of detached houses houses in Eaton Bray, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eaton Bray, and where 2 MAY CLOSE lies on this distribution: 9% of detached houses houses are smaller than 2 MAY CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Eaton Bray.

2 MAY CLOSE: Plot and Title Map

2 MAY CLOSE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 2 MAY 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 2 MAY 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 2 MAY CLOSE?

2 MAY CLOSE is located in EATON BRAY, in the LU6 postcode district. The below map shows the position of No. 2 on MAY CLOSE.