2, PAYNE ROAD, WOOTTON, BEDFORD, MK43 9PJ - £345,000

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 PAYNE ROAD is a large detached house of 148m², built sometime between 1983 and 1990. It was last sold for £345,000 in February 2015, which was around 4% below the average February 2015 detached price in the Bedford local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was C.

2 PAYNE ROAD Sold Prices

Land registry data shows two sales for 2 PAYNE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bedford local authority area for the corresponding sale date. One of the two 2 PAYNE ROAD sales was for below the average price, whilst the other was 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
2015 25 FEB	£345,000	£357,854	4% below HPI
1995 11 JUL	£109,000	£92,394	18% above HPI

2 PAYNE ROAD 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 two 2 PAYNE ROAD sales from July 1995 and February 2015 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 July 1995 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the February 2015 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 2 PAYNE ROAD?

2 PAYNE ROAD is 148m² according to the EPC inspection conducted in August 2014. This puts it in the largest 30% of detached houses in Wootton, based on EPC data. The below chart shows the distribution of detached houses by size in Wootton, and where 2 PAYNE ROAD lies on this distribution: 72% of detached houses are smaller than 2 PAYNE ROAD, and 28% of houses are larger. Note that EPC data is not available for all properties in Wootton.

2 PAYNE ROAD: Plot and Title Map

2 PAYNE ROAD sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 2 PAYNE ROAD, 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 PAYNE ROAD). 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 PAYNE ROAD?

2 PAYNE ROAD is located in WOOTTON, in the MK43 postcode district. The below map shows the position of No. 2 on PAYNE ROAD.