3, REDE CLOSE, BEDFORD, MK41 7UH - £372,500

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

3 REDE CLOSE is a small extended detached house of 113m², built sometime between 1976 and 1982. It was last sold for £372,500 in November 2021, which was around 26% below the average November 2021 detached price in the Bedford local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

3 REDE CLOSE Sold Prices

Land registry data shows two sales for 3 REDE 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 Bedford local authority area for the corresponding sale date. Both of the two 3 REDE 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 25 NOV	£372,500	£504,524	26% below HPI
1998 30 JAN	£88,000	£112,726	22% below HPI

3 REDE CLOSE 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 3 REDE CLOSE sales from January 1998 and November 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 January 1998 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 3 REDE CLOSE?

3 REDE CLOSE is 113m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the smallest 40% of detached houses in Bedford, based on EPC data. The below chart shows the distribution of detached houses by size in Bedford, and where 3 REDE CLOSE lies on this distribution: 38% of detached houses are smaller than 3 REDE CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Bedford.

3 REDE CLOSE: Plot and Title Map

3 REDE CLOSE sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 3 REDE 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 REDE 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 REDE CLOSE?

3 REDE CLOSE is located in BEDFORD, in the MK41 postcode district. The below map shows the position of No. 3 on REDE CLOSE.