2, NORTHWOOD LANE, WILSTEAD, BEDFORD, MK45 3DJ - £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 NORTHWOOD LANE is a very small detached house of 94m², built sometime between 1950 and 1966, which could now be worth an estimated £479,837. It was last sold for £375,000 in September 2016, which was around 11% 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	£421,534	11% below HPI
2015 7 DEC	£340,000	£379,133	10% below HPI
2007 3 JAN	£260,000	£288,186	10% below HPI
2005 16 SEP	£249,000	£276,510	10% below HPI
1997 1 MAY	£82,500	£101,920	19% 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 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2016 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 2 NORTHWOOD LANE be worth now?

2 NORTHWOOD LANE might now be worth an estimated £479,837.

This is based on house price inflation of 28%, between September 2016 and February 2025, for detached houses, in the Bedford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28% inflationary increase is applied to the most recent sale price for 2 NORTHWOOD LANE of £375,000 on 16th September 2016. For the value to have increased from £375,000 to £479,837 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 NORTHWOOD LANE has moved in line with the HPI for detached houses in the Bedford local authority area.
• The September 2016 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NORTHWOOD LANE has not materially changed since September 2016.

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 houses in Wilstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wilstead, and where 2 NORTHWOOD LANE lies on this distribution: 17% of detached houses 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.