4, CRANE WAY, CRANFIELD, BEDFORD, MK43 0HW - £290,000

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

4 CRANE WAY is a very small detached house of 96m², built sometime between 1950 and 1966. It was last sold for £290,000 in October 2020, which was around 43% below the average October 2020 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 two sales for 4 CRANE 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 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
2020 30 OCT	£290,000	£506,484	43% below HPI
2001 21 SEP	£115,500	£200,602	42% 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 two 4 CRANE WAY sales from September 2001 and October 2020 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 September 2001 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the October 2020 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

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 in Cranfield, based on EPC data. The below chart shows the distribution of detached houses by size in Cranfield, and where 4 CRANE WAY lies on this distribution: 19% of detached 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.