2, REDWALD CLOSE, KEMPSTON, BEDFORD, MK42 8EH - £225,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 REDWALD CLOSE is a very small detached house of 65m², built sometime between 1996 and 2002, which could now be worth an estimated £343,892. It was last sold for £225,000 in April 2015, which was around 36% below the average April 2015 detached price in the Bedford local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

2 REDWALD CLOSE Sold Prices

Land registry data shows two sales for 2 REDWALD 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 Bedford local authority area for the corresponding sale date. Both of the two 2 REDWALD CLOSE 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
2015 10 APR	£225,000	£352,903	36% below HPI
2002 29 APR	£144,000	£199,128	28% below HPI

2 REDWALD CLOSE 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 REDWALD CLOSE sales from April 2002 and April 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 April 2002 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the April 2015 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 2 REDWALD CLOSE be worth now?

2 REDWALD CLOSE might now be worth an estimated £343,892.

This is based on house price inflation of 52.8%, between April 2015 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 52.8% inflationary increase is applied to the most recent sale price for 2 REDWALD CLOSE of £225,000 on 10th April 2015. For the value to have increased from £225,000 to £343,892 over the ten years and two months to February 2025, the following assumptions must hold true:

• The value of 2 REDWALD CLOSE has moved in line with the HPI for detached houses in the Bedford local authority area.
• The April 2015 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 2 REDWALD CLOSE has not materially changed since April 2015.

How Large is 2 REDWALD CLOSE?

2 REDWALD CLOSE is 65m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of detached houses houses in Kempston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kempston, and where 2 REDWALD CLOSE lies on this distribution: 6% of detached houses houses are smaller than 2 REDWALD CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Kempston.

2 REDWALD CLOSE: Plot and Title Map

2 REDWALD CLOSE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 2 REDWALD 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 REDWALD 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 REDWALD CLOSE?

2 REDWALD CLOSE is located in KEMPSTON, in the MK42 postcode district. The below map shows the position of No. 2 on REDWALD CLOSE.