2, RIVER LANE, MILTON ERNEST, BEDFORD, MK44 1SB - £535,000

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 RIVER LANE is a large extended detached house of 174m², built sometime before 1900. It was last sold for £535,000 in December 2020, which was around 13% above the average December 2020 detached price in the Bedford local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

2 RIVER LANE Sold Prices

Land registry data shows three sales for 2 RIVER LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bedford local authority area for the corresponding sale date. Two of the three 2 RIVER LANE sales were for above the average price, whilst one was 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
2020 10 DEC	£535,000	£472,626	13% above HPI
2000 20 APR	£198,000	£148,315	33% above HPI
1996 2 SEP	£89,500	£97,122	8% below HPI

2 RIVER 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 three 2 RIVER LANE sales between September 1996 and December 2020 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 2000 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the December 2020 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 2 RIVER LANE?

2 RIVER LANE is 174m², which includes four extensions, according to the EPC inspection conducted in April 2018. This puts it in the largest 30% of detached houses in Milton Ernest, based on EPC data. The below chart shows the distribution of detached houses by size in Milton Ernest, and where 2 RIVER LANE lies on this distribution: 71% of detached houses are smaller than 2 RIVER LANE, and 28% of houses are larger. Note that EPC data is not available for all properties in Milton Ernest.

2 RIVER LANE: Plot and Title Map

2 RIVER LANE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 2 RIVER 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 RIVER 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 RIVER LANE?

2 RIVER LANE is located in MILTON ERNEST, in the MK44 postcode district. The below map shows the position of No. 2 on RIVER LANE.