39B, MILL LANE, GREENFIELD, BEDFORD, MK45 5DG - £325,000

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

39B MILL LANE is a very small extended detached house of 96m², built sometime between 1967 and 1975. It was last sold for £325,000 in June 2016, which was around 28% below the average June 2016 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was B.

39B MILL LANE Sold Prices

Land registry data shows three sales for 39B MILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. All of the three 39B MILL LANE 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 1 JUN	£325,000	£453,494	28% below HPI
2003 12 DEC	£222,750	£273,317	19% below HPI
2001 30 MAY	£155,000	£188,382	18% below HPI

39B MILL LANE 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 three 39B MILL LANE sales between May 2001 and June 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 December 2003 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2016 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 39B MILL LANE?

39B MILL LANE is 96m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the smallest 20% of detached houses in Greenfield, based on EPC data. The below chart shows the distribution of detached houses by size in Greenfield, and where 39B MILL LANE lies on this distribution: 10% of detached houses are smaller than 39B MILL LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Greenfield.

39B MILL LANE: Plot and Title Map

39B MILL LANE sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 39B MILL LANE, 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 39B MILL LANE). 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 39B MILL LANE?

39B MILL LANE is located in GREENFIELD, in the MK45 postcode district. The below map shows the position of No. 39B on MILL LANE.