3, GRACES CLOSE, CRANFIELD, BEDFORD, MK43 0HQ - £226,000

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

3 GRACES CLOSE is a very small extended detached house of 87m², built sometime between 1991 and 1995. It was last sold for £226,000 in August 2011, which was around 28% below the average August 2011 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was January 2011, where the current energy rating was D, and the potential energy rating was C.

3 GRACES CLOSE Sold Prices

Land registry data shows three sales for 3 GRACES 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 3 GRACES 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
2011 26 AUG	£226,000	£313,680	28% below HPI
2004 19 OCT	£194,000	£289,508	33% below HPI
1997 30 JUN	£75,500	£111,072	32% below HPI

3 GRACES 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 3 GRACES CLOSE sales between June 1997 and August 2011 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 October 2004 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2011 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 3 GRACES CLOSE?

3 GRACES CLOSE is 87m², which includes two extensions, according to the EPC inspection conducted in January 2011. This puts it in the smallest 10% of detached houses in Cranfield, based on EPC data. The below chart shows the distribution of detached houses by size in Cranfield, and where 3 GRACES CLOSE lies on this distribution: 7% of detached houses are smaller than 3 GRACES CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

3 GRACES CLOSE: Plot and Title Map

3 GRACES CLOSE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 3 GRACES 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 3 GRACES 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 3 GRACES CLOSE?

3 GRACES CLOSE is located in CRANFIELD, in the MK43 postcode district. The below map shows the position of No. 3 on GRACES CLOSE.