2, NORTHWOOD LANE, WILSTEAD, BEDFORD, MK45 3DJ - £375,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 NORTHWOOD LANE is a very small detached house of 94m², built sometime between 1950 and 1966. It was last sold for £375,000 in September 2016, which was around 13% below the average September 2016 detached price in the Bedford local authority area. The most recent EPC inspection was October 2015, where the current energy rating was C, and the potential energy rating was B.

2 NORTHWOOD LANE Sold Prices

Land registry data shows five sales for 2 NORTHWOOD LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Bedford local authority area for the corresponding sale date. All of the five 2 NORTHWOOD 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
2016 16 SEP	£375,000	£430,764	13% below HPI
2015 7 DEC	£340,000	£387,435	12% below HPI
2007 3 JAN	£260,000	£294,496	12% below HPI
2005 16 SEP	£249,000	£282,564	12% below HPI
1997 1 MAY	£82,500	£104,151	21% below HPI

2 NORTHWOOD 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 five 2 NORTHWOOD LANE sales between May 1997 and September 2016 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 December 2015 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the September 2016 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 2 NORTHWOOD LANE?

2 NORTHWOOD LANE is 94m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 20% of detached houses in Wilstead, based on EPC data. The below chart shows the distribution of detached houses by size in Wilstead, and where 2 NORTHWOOD LANE lies on this distribution: 17% of detached houses are smaller than 2 NORTHWOOD LANE, and 82% of houses are larger. Note that EPC data is not available for all properties in Wilstead.

2 NORTHWOOD LANE: Plot and Title Map

2 NORTHWOOD LANE sits on a plot of roughly 0.116 of an acre, or 468m². The below map shows the location of 2 NORTHWOOD 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 2 NORTHWOOD 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 2 NORTHWOOD LANE?

2 NORTHWOOD LANE is located in WILSTEAD, in the MK45 postcode district. The below map shows the position of No. 2 on NORTHWOOD LANE.