2, POUND CLOSE, CRANFIELD, BEDFORD, MK43 0ER - £260,000

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 POUND CLOSE is a very small detached house of 96m², built sometime between 1983 and 1990. It was last sold for £260,000 in October 2013, which was around 22% below the average October 2013 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was March 2013, where the current energy rating was E, and the potential energy rating was C.

2 POUND CLOSE Sold Prices

Land registry data shows two sales for 2 POUND CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. One of the two 2 POUND CLOSE 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
2013 25 OCT	£260,000	£334,285	22% below HPI
1998 9 FEB	£148,500	£122,873	21% above HPI

2 POUND 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 two 2 POUND CLOSE sales from February 1998 and October 2013 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 February 1998 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the October 2013 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 2 POUND CLOSE?

2 POUND CLOSE is 96m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 20% of detached houses in Cranfield, based on EPC data. The below chart shows the distribution of detached houses by size in Cranfield, and where 2 POUND CLOSE lies on this distribution: 19% of detached houses are smaller than 2 POUND CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

2 POUND CLOSE: Plot and Title Map

2 POUND CLOSE sits on a plot of roughly 0.239 of an acre, or 968m². The below map shows the location of 2 POUND 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 POUND 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 POUND CLOSE?

2 POUND CLOSE is located in CRANFIELD, in the MK43 postcode district. The below map shows the position of No. 2 on POUND CLOSE.