4, MERCHANT LANE, CRANFIELD, BEDFORD, MK43 0BU - £199,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

4 MERCHANT LANE is a very small extended semi-detached house of 95m², built sometime between 2003 and 2006. It was last sold for £199,000 in January 2006, which was around 32% below the average January 2006 detached price in the Central Bedfordshire 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 MERCHANT LANE Sold Prices

Land registry data shows two sales for 4 MERCHANT LANE 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 MERCHANT 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
2006 6 JAN	£199,000	£292,501	32% below HPI
2004 23 AUG	£200,001	£285,383	30% below HPI

4 MERCHANT 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 two 4 MERCHANT LANE sales from August 2004 and January 2006 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 August 2004 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2006 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 4 MERCHANT LANE?

4 MERCHANT LANE is 95m², which includes one extension, according to the EPC inspection conducted in July 2018. 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 MERCHANT LANE lies on this distribution: 19% of detached houses are smaller than 4 MERCHANT LANE, and 81% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

4 MERCHANT LANE: Plot and Title Map

4 MERCHANT LANE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 4 MERCHANT 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 4 MERCHANT 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 4 MERCHANT LANE?

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