42, NEWSTEAD WAY, BEDFORD, MK41 8RH - £363,000

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

42 NEWSTEAD WAY is a very small detached house of 75m², built sometime between 1983 and 1990. It was last sold for £363,000 in March 2021, which was around 23% below the average March 2021 detached price in the Bedford local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

42 NEWSTEAD WAY Sold Prices

Land registry data shows six sales for 42 NEWSTEAD WAY 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 42 NEWSTEAD 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
2021 11 MAR	£363,000	£472,939	23% below HPI
2017 30 JUN	£305,000	£445,429	32% below HPI
2013 2 MAY	£222,000	£303,778	27% below HPI
2005 31 MAR	£220,000	£277,474	21% below HPI
2001 25 JAN	£120,000	£167,490	28% below HPI
1995 26 MAY	£66,500	£92,489	28% below HPI

42 NEWSTEAD WAY 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 42 NEWSTEAD WAY sales between May 1995 and March 2021 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 2017 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the March 2021 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 42 NEWSTEAD WAY?

42 NEWSTEAD WAY is 75m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of detached houses in Bedford, based on EPC data. The below chart shows the distribution of detached houses by size in Bedford, and where 42 NEWSTEAD WAY lies on this distribution: 5% of detached houses are smaller than 42 NEWSTEAD WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Bedford.

42 NEWSTEAD WAY: Plot and Title Map

42 NEWSTEAD WAY sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 42 NEWSTEAD 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 42 NEWSTEAD 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 42 NEWSTEAD WAY?

42 NEWSTEAD WAY is located in BEDFORD, in the MK41 postcode district. The below map shows the position of No. 42 on NEWSTEAD WAY.