278, GRASMERE WAY, LEIGHTON BUZZARD, LU7 2QB - £285,000

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

278 GRASMERE WAY is a very small detached house of 59m², built sometime between 1976 and 1982. It was last sold for £285,000 in July 2016, which was around 38% below the average July 2016 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was May 2009, where the current energy rating was C, and the potential energy rating was C.

278 GRASMERE WAY Sold Prices

Land registry data shows four sales for 278 GRASMERE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. All of the four 278 GRASMERE WAY 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
2016 8 JUL	£285,000	£459,995	38% below HPI
2009 6 NOV	£175,000	£300,374	42% below HPI
2007 14 SEP	£215,000	£338,818	37% below HPI
2000 11 AUG	£118,000	£179,276	34% below HPI

278 GRASMERE WAY 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 four 278 GRASMERE WAY sales between August 2000 and July 2016 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 November 2009 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the July 2016 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 278 GRASMERE WAY?

278 GRASMERE WAY is 59m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 10% of detached houses in Leighton Buzzard, based on EPC data. The below chart shows the distribution of detached houses by size in Leighton Buzzard, and where 278 GRASMERE WAY lies on this distribution: 1% of detached houses are smaller than 278 GRASMERE WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Leighton Buzzard.

278 GRASMERE WAY: Plot and Title Map

278 GRASMERE WAY sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 278 GRASMERE WAY, 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 278 GRASMERE WAY). 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 278 GRASMERE WAY?

278 GRASMERE WAY is located in LEIGHTON BUZZARD, in the LU7 postcode district. The below map shows the position of No. 278 on GRASMERE WAY.