22, RED LION CLOSE, CRANFIELD, BEDFORD, MK43 0JA - £365,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

22 RED LION CLOSE is a small extended detached house of 103m², built sometime between 1967 and 1975, which could now be worth an estimated £439,002. It was last sold for £365,000 in June 2021, which was around 30% below the average June 2021 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

22 RED LION CLOSE Sold Prices

Land registry data shows three sales for 22 RED LION CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. All of the three 22 RED LION 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
2021 30 JUN	£365,000	£518,457	30% below HPI
2015 24 FEB	£250,000	£389,978	36% below HPI
1997 14 FEB	£70,000	£107,287	35% below HPI

22 RED LION 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 three 22 RED LION CLOSE sales between February 1997 and June 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 February 2015 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2021 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 22 RED LION CLOSE be worth now?

22 RED LION CLOSE might now be worth an estimated £439,002.

This is based on house price inflation of 20.3%, between June 2021 and February 2025, for detached houses, in the Central Bedfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.3% inflationary increase is applied to the most recent sale price for 22 RED LION CLOSE of £365,000 on 30th June 2021. For the value to have increased from £365,000 to £439,002 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 22 RED LION CLOSE has moved in line with the HPI for detached houses in the Central Bedfordshire local authority area.
• The June 2021 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 22 RED LION CLOSE has not materially changed since June 2021.

How Large is 22 RED LION CLOSE?

22 RED LION CLOSE is 103m², which includes two extensions, according to the EPC inspection conducted in November 2013. This puts it in the smallest 30% of detached houses houses in Cranfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranfield, and where 22 RED LION CLOSE lies on this distribution: 27% of detached houses houses are smaller than 22 RED LION CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

22 RED LION CLOSE: Plot and Title Map

22 RED LION CLOSE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 22 RED LION 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 22 RED LION 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 22 RED LION CLOSE?

22 RED LION CLOSE is located in CRANFIELD, in the MK43 postcode district. The below map shows the position of No. 22 on RED LION CLOSE.