5, COLES CLOSE, BEDFORD, MK41 9TW - £395,000

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

5 COLES CLOSE is a small extended detached house of 111m², built sometime between 1983 and 1990. It was last sold for £395,000 in November 2022, which was around 29% below the average November 2022 detached price in the Bedford local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was C.

5 COLES CLOSE Sold Prices

Land registry data shows three sales for 5 COLES CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bedford local authority area for the corresponding sale date. All of the three 5 COLES 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
2022 1 NOV	£395,000	£559,470	29% below HPI
2017 13 OCT	£313,500	£459,196	32% below HPI
1999 4 JUN	£112,000	£129,269	13% below HPI

5 COLES CLOSE 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 three 5 COLES CLOSE sales between June 1999 and November 2022 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 October 2017 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the November 2022 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 5 COLES CLOSE?

5 COLES CLOSE is 111m², which includes three extensions, according to the EPC inspection conducted in May 2017. This puts it in the smallest 40% of detached houses in Bedford, based on EPC data. The below chart shows the distribution of detached houses by size in Bedford, and where 5 COLES CLOSE lies on this distribution: 36% of detached houses are smaller than 5 COLES CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Bedford.

5 COLES CLOSE: Plot and Title Map

5 COLES CLOSE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 5 COLES 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 5 COLES 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 5 COLES CLOSE?

5 COLES CLOSE is located in BEDFORD, in the MK41 postcode district. The below map shows the position of No. 5 on COLES CLOSE.