4, RED LION CLOSE, CRANFIELD, BEDFORD, MK43 0JA - £165,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

4 RED LION CLOSE is a midsized extended semi-detached house of 116m², built sometime between 1976 and 1982. It was last sold for £165,000 in February 2007, which was around 48% below the average February 2007 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was B.

4 RED LION CLOSE Sold Prices

Land registry data shows two sales for 4 RED LION 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 Central Bedfordshire local authority area for the corresponding sale date. Both of the two 4 RED LION 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
2007 20 FEB	£165,000	£316,595	48% below HPI
1996 20 JUN	£58,000	£100,640	42% below HPI

4 RED LION CLOSE 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 RED LION CLOSE sales from June 1996 and February 2007 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 June 1996 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the February 2007 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 4 RED LION CLOSE?

4 RED LION CLOSE is 116m², which includes two extensions, according to the EPC inspection conducted in February 2024. This puts it in the smallest 50% 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 RED LION CLOSE lies on this distribution: 41% of detached houses are smaller than 4 RED LION CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

4 RED LION CLOSE: Plot and Title Map

4 RED LION CLOSE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 4 RED LION 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 RED LION 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 RED LION CLOSE?

4 RED LION CLOSE is located in CRANFIELD, in the MK43 postcode district. The below map shows the position of No. 4 on RED LION CLOSE.