4, CRANE WAY, CRANFIELD, BEDFORD, MK43 0HW - £370,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 CRANE WAY is a very small detached house of 96m², built sometime between 1950 and 1966, which could now be worth an estimated £387,217. It was last sold for £370,000 in August 2024, which was around 36% below the average August 2024 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

4 CRANE WAY Sold Prices

Land registry data shows three sales for 4 CRANE WAY 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 4 CRANE 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
2024 16 AUG	£370,000	£582,233	36% below HPI
2020 30 OCT	£290,000	£520,805	44% below HPI
2001 21 SEP	£115,500	£205,442	44% below HPI

4 CRANE 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 three 4 CRANE WAY sales between September 2001 and August 2024 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 2020 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the August 2024 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 4 CRANE WAY be worth now?

4 CRANE WAY might now be worth an estimated £387,217.

This is based on house price inflation of 4.7%, between August 2024 and December 2024, for detached houses, in the Central Bedfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.7% inflationary increase is applied to the most recent sale price for 4 CRANE WAY of £370,000 on 16th August 2024. For the value to have increased from £370,000 to £387,217 over the eight months to December 2024, the following assumptions must hold true:

• The value of 4 CRANE WAY has moved in line with the HPI for detached houses in the Central Bedfordshire local authority area.
• The August 2024 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 4 CRANE WAY has not materially changed since August 2024.

How Large is 4 CRANE WAY?

4 CRANE WAY is 96m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 20% of detached houses houses in Cranfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranfield, and where 4 CRANE WAY lies on this distribution: 19% of detached houses houses are smaller than 4 CRANE WAY, and 79% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

4 CRANE WAY: Plot and Title Map

4 CRANE WAY sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 4 CRANE 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 4 CRANE 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 4 CRANE WAY?

4 CRANE WAY is located in CRANFIELD, in the MK43 postcode district. The below map shows the position of No. 4 on CRANE WAY.