4, SCHOOL LANE, WOOTTON, BEDFORD, MK43 9HW - £304,000

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 SCHOOL LANE is a very small detached house of 73m², built sometime between 1996 and 2002, which could now be worth an estimated £364,294. It was last sold for £304,000 in September 2017, which was around 32% below the average September 2017 detached price in the Bedford local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

4 SCHOOL LANE Sold Prices

Land registry data shows six sales for 4 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Bedford local authority area for the corresponding sale date. All of the six 4 SCHOOL 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
2017 22 SEP	£304,000	£450,108	32% below HPI
2015 9 NOV	£238,000	£375,885	37% below HPI
2011 26 AUG	£218,000	£292,282	25% below HPI
2006 12 DEC	£214,950	£287,315	25% below HPI
2001 28 JUN	£125,000	£171,566	27% below HPI
1997 27 JUN	£74,950	£102,966	27% below HPI

4 SCHOOL LANE 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 six 4 SCHOOL LANE sales between June 1997 and September 2017 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 November 2015 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the September 2017 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 4 SCHOOL LANE be worth now?

4 SCHOOL LANE might now be worth an estimated £364,294.

This is based on house price inflation of 19.8%, between September 2017 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 19.8% inflationary increase is applied to the most recent sale price for 4 SCHOOL LANE of £304,000 on 22nd September 2017. For the value to have increased from £304,000 to £364,294 over the eight years and seven months to February 2025, the following assumptions must hold true:

• The value of 4 SCHOOL LANE has moved in line with the HPI for detached houses in the Bedford local authority area.
• The September 2017 sale price of £304,000 represented a fair market value for the property.
• The size, condition, and specification of 4 SCHOOL LANE has not materially changed since September 2017.

How Large is 4 SCHOOL LANE?

4 SCHOOL LANE is 73m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 10% of detached houses houses in Wootton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wootton, and where 4 SCHOOL LANE lies on this distribution: 2% of detached houses houses are smaller than 4 SCHOOL LANE, and 98% of houses are larger. Note that EPC data is not available for all properties in Wootton.

4 SCHOOL LANE: Plot and Title Map

4 SCHOOL LANE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 4 SCHOOL 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 SCHOOL 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 SCHOOL LANE?

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