38, MILL ROAD, CRANFIELD, BEDFORD, MK43 0JL - £299,000

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

38 MILL ROAD is a small detached house of 102m², built sometime between 1950 and 1966. It was last sold for £299,000 in July 2016, which was around 35% below the average July 2016 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

38 MILL ROAD Sold Prices

Land registry data shows four sales for 38 MILL ROAD 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. All of the four 38 MILL ROAD 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
2016 29 JUL	£299,000	£459,995	35% below HPI
2005 28 JUL	£200,000	£294,768	32% below HPI
1999 15 OCT	£98,000	£150,443	35% below HPI
1998 12 JUN	£85,750	£128,988	34% below HPI

38 MILL ROAD 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 38 MILL ROAD sales between June 1998 and July 2016 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 2005 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2016 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 38 MILL ROAD?

38 MILL ROAD is 102m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 30% of detached houses in Cranfield, based on EPC data. The below chart shows the distribution of detached houses by size in Cranfield, and where 38 MILL ROAD lies on this distribution: 26% of detached houses are smaller than 38 MILL ROAD, and 73% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

38 MILL ROAD: Plot and Title Map

38 MILL ROAD sits on a plot of roughly 0.110 of an acre, or 446m². The below map shows the location of 38 MILL ROAD, 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 MILL ROAD). 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 MILL ROAD?

38 MILL ROAD is located in CRANFIELD, in the MK43 postcode district. The below map shows the position of No. 38 on MILL ROAD.