3, THE ELMS, KEMPSTON, BEDFORD, MK42 7JN - £270,000

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 THE ELMS is a very small extended detached house of 77m², built sometime between 1950 and 1966. It was last sold for £270,000 in November 2019, which was around 42% below the average November 2019 detached price in the Bedford local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

3 THE ELMS Sold Prices

Land registry data shows three sales for 3 THE ELMS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bedford local authority area for the corresponding sale date. All of the three 3 THE ELMS 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
2019 15 NOV	£270,000	£467,221	42% below HPI
2015 22 JAN	£218,000	£350,293	38% below HPI
2014 10 JUL	£205,000	£336,661	39% below HPI

3 THE ELMS 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 three 3 THE ELMS sales between July 2014 and November 2019 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 2015 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the November 2019 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 3 THE ELMS?

3 THE ELMS is 77m², which includes two extensions, according to the EPC inspection conducted in March 2019. This puts it in the smallest 20% of detached houses in Kempston, based on EPC data. The below chart shows the distribution of detached houses by size in Kempston, and where 3 THE ELMS lies on this distribution: 14% of detached houses are smaller than 3 THE ELMS, and 85% of houses are larger. Note that EPC data is not available for all properties in Kempston.

3 THE ELMS: Plot and Title Map

3 THE ELMS sits on a plot of roughly 0.047 of an acre, or 188m². The below map shows the location of 3 THE ELMS, 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 THE ELMS). 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 THE ELMS?

3 THE ELMS is located in KEMPSTON, in the MK42 postcode district. The below map shows the position of No. 3 on THE ELMS.