24, RED LION CLOSE, CRANFIELD, BEDFORD, MK43 0JA - £345,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

24 RED LION CLOSE is a small extended detached house of 97m², built sometime between 1967 and 1975. It was last sold for £345,000 in January 2018, which was around 31% below the average January 2018 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was September 2015, where the current energy rating was E, and the potential energy rating was C.

24 RED LION CLOSE Sold Prices

Land registry data shows two sales for 24 RED LION 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. Both of the two 24 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
2018 31 JAN	£345,000	£498,986	31% below HPI
2003 22 AUG	£190,000	£270,759	30% below HPI

24 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 two 24 RED LION CLOSE sales from August 2003 and January 2018 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 August 2003 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2018 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 24 RED LION CLOSE?

24 RED LION CLOSE is 97m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the smallest 30% of detached houses in Cranfield, based on EPC data. The below chart shows the distribution of detached houses by size in Cranfield, and where 24 RED LION CLOSE lies on this distribution: 22% of detached houses are smaller than 24 RED LION CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

24 RED LION CLOSE: Plot and Title Map

24 RED LION CLOSE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 24 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 24 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 24 RED LION CLOSE?

24 RED LION CLOSE is located in CRANFIELD, in the MK43 postcode district. The below map shows the position of No. 24 on RED LION CLOSE.