38, CORMORANT WAY, LEIGHTON BUZZARD, LU7 4UY - £330,000

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

38 CORMORANT WAY is a large detached house of 130m², built sometime from 2007 onwards. It was last sold for £330,000 in June 2015, which was around 15% below the average June 2015 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was October 2008, where the current energy rating was C, and the potential energy rating was C.

38 CORMORANT WAY Sold Prices

Land registry data shows two sales for 38 CORMORANT 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 Central Bedfordshire local authority area for the corresponding sale date. Both of the two 38 CORMORANT 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
2015 4 JUN	£330,000	£386,827	15% below HPI
2008 5 NOV	£245,000	£311,830	21% below HPI

38 CORMORANT WAY 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 two 38 CORMORANT WAY sales from November 2008 and June 2015 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 November 2008 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2015 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 38 CORMORANT WAY?

38 CORMORANT WAY is 130m² according to the EPC inspection conducted in October 2008. This puts it in the largest 40% 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 38 CORMORANT WAY lies on this distribution: 70% of detached houses are smaller than 38 CORMORANT WAY, and 30% of houses are larger. Note that EPC data is not available for all properties in Leighton Buzzard.

38 CORMORANT WAY: Plot and Title Map

38 CORMORANT WAY sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 38 CORMORANT 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 38 CORMORANT 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 38 CORMORANT WAY?

38 CORMORANT WAY is located in LEIGHTON BUZZARD, in the LU7 postcode district. The below map shows the position of No. 38 on CORMORANT WAY.