22, CAVES LANE, BEDFORD, MK40 3DP - £550,000

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

22 CAVES LANE is a large extended detached house of 171m², built sometime between 1976 and 1982. It was last sold for £550,000 in February 2021, which was around 16% above the average February 2021 detached price in the Bedford local authority area. The most recent EPC inspection was December 2020, where the current energy rating was C, and the potential energy rating was B.

22 CAVES LANE Sold Prices

Land registry data shows two sales for 22 CAVES LANE 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 22 CAVES LANE sales was for above the average price, whilst the other 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
2021 25 FEB	£550,000	£473,476	16% above HPI
2017 4 JUL	£335,000	£451,232	26% below HPI

22 CAVES 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 two 22 CAVES LANE sales from July 2017 and February 2021 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 2017 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2021 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 22 CAVES LANE?

22 CAVES LANE is 171m², which includes two extensions, according to the EPC inspection conducted in December 2020. This puts it in the largest 20% of detached houses in Bedford, based on EPC data. The below chart shows the distribution of detached houses by size in Bedford, and where 22 CAVES LANE lies on this distribution: 80% of detached houses are smaller than 22 CAVES LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Bedford.

22 CAVES LANE: Plot and Title Map

22 CAVES LANE sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 22 CAVES 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 22 CAVES 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 22 CAVES LANE?

22 CAVES LANE is located in BEDFORD, in the MK40 postcode district. The below map shows the position of No. 22 on CAVES LANE.