2, OAK CLOSE, WESTONING, BEDFORD, MK45 5LT - £775,000

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 OAK CLOSE is a large detached house of 197m², built sometime between 1967 and 1975. It was last sold for £775,000 in May 2022, which was around 43% above the average May 2022 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

2 OAK CLOSE Sold Prices

Land registry data shows five sales for 2 OAK 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. Most of the five 2 OAK CLOSE sales were for above 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
2022 27 MAY	£775,000	£543,418	43% above HPI
2019 31 MAY	£600,000	£486,698	23% above HPI
2002 18 SEP	£378,000	£241,577	56% above HPI
2000 20 APR	£250,000	£164,643	52% above HPI
1998 2 APR	£120,000	£127,846	6% below HPI

2 OAK 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 OAK CLOSE sales between April 1998 and May 2022 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 2019 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the May 2022 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

How Large is 2 OAK CLOSE?

2 OAK CLOSE is 197m² according to the EPC inspection conducted in August 2021. This puts it in the largest 30% of detached houses in Westoning, based on EPC data. The below chart shows the distribution of detached houses by size in Westoning, and where 2 OAK CLOSE lies on this distribution: 74% of detached houses are smaller than 2 OAK CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Westoning.

2 OAK CLOSE: Plot and Title Map

2 OAK CLOSE sits on a plot of roughly 0.220 of an acre, or 889m². The below map shows the location of 2 OAK 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 OAK 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 OAK CLOSE?

2 OAK CLOSE is located in WESTONING, in the MK45 postcode district. The below map shows the position of No. 2 on OAK CLOSE.