38, REYNES DRIVE, OAKLEY, BEDFORD, MK43 7SN - £265,000

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

38 REYNES DRIVE is a small extended detached house of 113m², built sometime between 1967 and 1975. It was last sold for £265,000 in January 2013, which was around 13% below the average January 2013 detached price in the Bedford local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

38 REYNES DRIVE Sold Prices

Land registry data shows four sales for 38 REYNES DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bedford local authority area for the corresponding sale date. All of the four 38 REYNES DRIVE 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
2013 18 JAN	£265,000	£305,385	13% below HPI
2000 18 OCT	£155,500	£164,827	6% below HPI
1997 31 OCT	£95,950	£108,496	12% below HPI
1996 17 JUN	£80,000	£92,067	13% below HPI

38 REYNES DRIVE 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 four 38 REYNES DRIVE sales between June 1996 and January 2013 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 October 2000 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the January 2013 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 38 REYNES DRIVE?

38 REYNES DRIVE is 113m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the smallest 30% of detached houses in Oakley, based on EPC data. The below chart shows the distribution of detached houses by size in Oakley, and where 38 REYNES DRIVE lies on this distribution: 25% of detached houses are smaller than 38 REYNES DRIVE, and 74% of houses are larger. Note that EPC data is not available for all properties in Oakley.

38 REYNES DRIVE: Plot and Title Map

38 REYNES DRIVE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 38 REYNES DRIVE, 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 REYNES DRIVE). 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 REYNES DRIVE?

38 REYNES DRIVE is located in OAKLEY, in the MK43 postcode district. The below map shows the position of No. 38 on REYNES DRIVE.