3, REEVE CLOSE, LEIGHTON BUZZARD, LU7 4RX - £495,000

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 REEVE CLOSE is a very large detached house of 148m², built sometime between 2003 and 2006. It was last sold for £495,000 in May 2021, which was around 1% below the average May 2021 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was May 2011, where the current energy rating was C, and the potential energy rating was C.

3 REEVE CLOSE Sold Prices

Land registry data shows four sales for 3 REEVE CLOSE 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. Most of the four 3 REEVE 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 6 MAY	£495,000	£501,260	1% below HPI
2016 18 JUL	£375,000	£459,995	18% below HPI
2012 1 AUG	£290,000	£319,826	9% below HPI
2006 29 SEP	£345,000	£309,647	11% above HPI

3 REEVE 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 four 3 REEVE CLOSE sales between September 2006 and May 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 July 2016 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2021 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 3 REEVE CLOSE?

3 REEVE CLOSE is 148m² according to the EPC inspection conducted in May 2011. This puts it in the largest 20% 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 3 REEVE CLOSE lies on this distribution: 84% of detached houses are smaller than 3 REEVE CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Leighton Buzzard.

3 REEVE CLOSE: Plot and Title Map

3 REEVE CLOSE sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 3 REEVE 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 REEVE 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 REEVE CLOSE?

3 REEVE CLOSE is located in LEIGHTON BUZZARD, in the LU7 postcode district. The below map shows the position of No. 3 on REEVE CLOSE.