5, MEMORIAL LANE, FELMERSHAM, BEDFORD, MK43 7JG - £615,000

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 MEMORIAL LANE is a very large extended detached house of 214m², built sometime from 2007 onwards. It was last sold for £615,000 in June 2019, which was around 33% above the average June 2019 detached price in the Bedford local authority area. The most recent EPC inspection was April 2019, where the current energy rating was C, and the potential energy rating was C.

5 MEMORIAL LANE Sold Prices

Land registry data shows two sales for 5 MEMORIAL LANE 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 5 MEMORIAL LANE sales 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
2019 14 JUN	£615,000	£461,701	33% above HPI
2011 7 APR	£475,000	£297,510	60% above HPI

5 MEMORIAL LANE 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 5 MEMORIAL LANE sales from April 2011 and June 2019 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 2011 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the June 2019 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is 5 MEMORIAL LANE?

5 MEMORIAL LANE is 214m², which includes two extensions, according to the EPC inspection conducted in April 2019. This puts it in the largest 10% of detached houses in Felmersham, based on EPC data. The below chart shows the distribution of detached houses by size in Felmersham, and where 5 MEMORIAL LANE lies on this distribution: 90% of detached houses are smaller than 5 MEMORIAL LANE, and 10% of houses are larger. Note that EPC data is not available for all properties in Felmersham.

5 MEMORIAL LANE: Plot and Title Map

5 MEMORIAL LANE sits on a plot of roughly 0.106 of an acre, or 429m². The below map shows the location of 5 MEMORIAL LANE, 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 MEMORIAL LANE). 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 MEMORIAL LANE?

5 MEMORIAL LANE is located in FELMERSHAM, in the MK43 postcode district. The below map shows the position of No. 5 on MEMORIAL LANE.