5, MELROSE DRIVE, ELSTOW, BEDFORD, MK42 9FH - £341,000

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

5 MELROSE DRIVE is a very large detached house of 179m², built sometime between 1996 and 2002. It was last sold for £341,000 in November 2014, which was around 2% below the average November 2014 detached price in the Bedford local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was D.

5 MELROSE DRIVE Sold Prices

Land registry data shows four sales for 5 MELROSE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bedford local authority area for the corresponding sale date. One of the four 5 MELROSE DRIVE sales was for below the average price, whilst two were for above 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
2014 28 NOV	£341,000	£347,022	2% below HPI
2009 1 OCT	£281,000	£281,085	Close to HPI
2006 20 APR	£282,000	£280,024	1% above HPI
1998 17 JUN	£158,950	£114,367	39% above HPI

5 MELROSE DRIVE 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 four 5 MELROSE DRIVE sales between June 1998 and November 2014 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 2009 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the November 2014 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 5 MELROSE DRIVE?

5 MELROSE DRIVE is 179m² according to the EPC inspection conducted in January 2012. This puts it in the largest 20% 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 MELROSE DRIVE lies on this distribution: 83% of detached houses are smaller than 5 MELROSE DRIVE, and 17% of houses are larger. Note that EPC data is not available for all properties in Bedford.

5 MELROSE DRIVE: Plot and Title Map

5 MELROSE DRIVE sits on a plot of roughly 0.130 of an acre, or 527m². The below map shows the location of 5 MELROSE DRIVE, 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 MELROSE DRIVE). 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 MELROSE DRIVE?

5 MELROSE DRIVE is located in ELSTOW, in the MK42 postcode district. The below map shows the position of No. 5 on MELROSE DRIVE.