48, MARKHAM RISE, BEDFORD, MK41 0FF - £385,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

48 MARKHAM RISE is a midsized detached house of 120m². It was last sold for £385,000 in June 2018, which was around 18% below the average June 2018 detached price in the Bedford local authority area. The most recent EPC inspection was April 2016, where the current energy rating was B, and the potential energy rating was A.

48 MARKHAM RISE Sold Prices

Land registry data shows two sales for 48 MARKHAM RISE 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 48 MARKHAM RISE 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 27 JUN	£385,000	£469,147	18% below HPI
2016 29 APR	£349,995	£402,463	13% below HPI

48 MARKHAM RISE 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 48 MARKHAM RISE sales from April 2016 and June 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 2016 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2018 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 48 MARKHAM RISE?

48 MARKHAM RISE is 120m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 50% of detached houses in Bedford, based on EPC data. The below chart shows the distribution of detached houses by size in Bedford, and where 48 MARKHAM RISE lies on this distribution: 46% of detached houses are smaller than 48 MARKHAM RISE, and 54% of houses are larger. Note that EPC data is not available for all properties in Bedford.

48 MARKHAM RISE: Plot and Title Map

48 MARKHAM RISE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 48 MARKHAM RISE, 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 48 MARKHAM RISE). 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 48 MARKHAM RISE?

48 MARKHAM RISE is located in BEDFORD, in the MK41 postcode district. The below map shows the position of No. 48 on MARKHAM RISE.