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

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.

3 REDE CLOSE is a small extended detached house of 113m², built sometime between 1976 and 1982, which could now be worth an estimated £406,954. It was last sold for £372,500 in November 2021, which was around 25% 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	£493,714	25% below HPI
1998 30 JAN	£88,000	£110,311	20% 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2021 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 3 REDE CLOSE be worth now?

3 REDE CLOSE might now be worth an estimated £406,954.

This is based on house price inflation of 9.2%, between November 2021 and February 2025, for detached houses, in the Bedford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.2% inflationary increase is applied to the most recent sale price for 3 REDE CLOSE of £372,500 on 25th November 2021. For the value to have increased from £372,500 to £406,954 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 REDE CLOSE has moved in line with the HPI for detached houses in the Bedford local authority area.
• The November 2021 sale price of £372,500 represented a fair market value for the property.
• The size, condition, and specification of 3 REDE CLOSE has not materially changed since November 2021.

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 houses in Bedford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bedford, and where 3 REDE CLOSE lies on this distribution: 38% of detached houses 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.