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

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.

5 COLES CLOSE is a small extended detached house of 111m², built sometime between 1983 and 1990, which could now be worth an estimated £389,155. It was last sold for £395,000 in November 2022, which was around 28% 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	£547,482	28% below HPI
2017 13 OCT	£313,500	£449,357	30% below HPI
1999 4 JUN	£112,000	£126,500	11% 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 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the November 2022 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 5 COLES CLOSE be worth now?

5 COLES CLOSE might now be worth an estimated £389,155.

This is based on house price deflation of 1.5%, between November 2022 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 1.5% deflationary decrease is applied to the most recent sale price for 5 COLES CLOSE of £395,000 on 1st November 2022. For the value to have decreased from £395,000 to £389,155 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 COLES CLOSE has moved in line with the HPI for detached houses in the Bedford local authority area.
• The November 2022 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 5 COLES CLOSE has not materially changed since November 2022.

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 houses in Bedford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bedford, and where 5 COLES CLOSE lies on this distribution: 36% of detached houses 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.