4, MAGNOLIA CLOSE, KEMPSTON, BEDFORD, MK42 7RY - £195,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 MAGNOLIA CLOSE is a very small detached house of 61m², built sometime between 1983 and 1990, which could now be worth an estimated £227,761. It was last sold for £195,000 in December 2018, which was around 58% below the average December 2018 detached price in the Bedford local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

4 MAGNOLIA CLOSE Sold Prices

Land registry data shows two sales for 4 MAGNOLIA CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bedford local authority area for the corresponding sale date. Both of the two 4 MAGNOLIA CLOSE 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
2018 7 DEC	£195,000	£461,796	58% below HPI
2002 5 APR	£87,000	£199,128	56% below HPI

4 MAGNOLIA CLOSE 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 two 4 MAGNOLIA CLOSE sales from April 2002 and December 2018 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 April 2002 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the December 2018 sale, where it falls to 58% below the HPI. The line then continues to track at 58% below the HPI.

What might 4 MAGNOLIA CLOSE be worth now?

4 MAGNOLIA CLOSE might now be worth an estimated £227,761.

This is based on house price inflation of 16.8%, between December 2018 and February 2025, for detached houses, in the Bedford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.8% inflationary increase is applied to the most recent sale price for 4 MAGNOLIA CLOSE of £195,000 on 7th December 2018. For the value to have increased from £195,000 to £227,761 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 4 MAGNOLIA CLOSE has moved in line with the HPI for detached houses in the Bedford local authority area.
• The December 2018 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MAGNOLIA CLOSE has not materially changed since December 2018.

How Large is 4 MAGNOLIA CLOSE?

4 MAGNOLIA CLOSE is 61m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% of detached houses houses in Kempston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kempston, and where 4 MAGNOLIA CLOSE lies on this distribution: 2% of detached houses houses are smaller than 4 MAGNOLIA CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Kempston.

4 MAGNOLIA CLOSE: Plot and Title Map

4 MAGNOLIA CLOSE sits on a plot of roughly 0.055 of an acre, or 223m². The below map shows the location of 4 MAGNOLIA CLOSE, 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 MAGNOLIA CLOSE). 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 MAGNOLIA CLOSE?

4 MAGNOLIA CLOSE is located in KEMPSTON, in the MK42 postcode district. The below map shows the position of No. 4 on MAGNOLIA CLOSE.