31, NEWSTEAD WAY, BEDFORD, MK41 8RH - £425,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

31 NEWSTEAD WAY is a small detached house of 102m², built sometime between 1983 and 1990. It was last sold for £425,000 in October 2022, which was around 24% below the average October 2022 detached price in the Bedford local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was C.

31 NEWSTEAD WAY Sold Prices

Land registry data shows two sales for 31 NEWSTEAD WAY 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 31 NEWSTEAD WAY 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
2022 14 OCT	£425,000	£562,292	24% below HPI
2021 16 DEC	£325,000	£512,073	37% below HPI

31 NEWSTEAD WAY 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 31 NEWSTEAD WAY sales from December 2021 and October 2022 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 December 2021 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the October 2022 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 31 NEWSTEAD WAY?

31 NEWSTEAD WAY is 102m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 30% of detached houses in Bedford, based on EPC data. The below chart shows the distribution of detached houses by size in Bedford, and where 31 NEWSTEAD WAY lies on this distribution: 27% of detached houses are smaller than 31 NEWSTEAD WAY, and 72% of houses are larger. Note that EPC data is not available for all properties in Bedford.

31 NEWSTEAD WAY: Plot and Title Map

31 NEWSTEAD WAY sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of 31 NEWSTEAD WAY, 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 31 NEWSTEAD WAY). 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 31 NEWSTEAD WAY?

31 NEWSTEAD WAY is located in BEDFORD, in the MK41 postcode district. The below map shows the position of No. 31 on NEWSTEAD WAY.