5, NEWSTEAD WAY, BEDFORD, MK41 8RH - £363,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

5 NEWSTEAD WAY is a midsized extended detached house of 134m², built sometime between 1983 and 1990. It was last sold for £363,000 in December 2016, which was around 18% below the average December 2016 detached price in the Bedford local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was C.

5 NEWSTEAD WAY Sold Prices

Land registry data shows three sales for 5 NEWSTEAD WAY 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 NEWSTEAD WAY 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
2016 9 DEC	£363,000	£440,387	18% below HPI
2011 23 SEP	£239,995	£299,198	20% below HPI
1999 8 JAN	£93,000	£124,446	25% below HPI

5 NEWSTEAD WAY 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 NEWSTEAD WAY sales between January 1999 and December 2016 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 September 2011 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the December 2016 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 5 NEWSTEAD WAY?

5 NEWSTEAD WAY is 134m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the largest 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 5 NEWSTEAD WAY lies on this distribution: 59% of detached houses are smaller than 5 NEWSTEAD WAY, and 41% of houses are larger. Note that EPC data is not available for all properties in Bedford.

5 NEWSTEAD WAY: Plot and Title Map

5 NEWSTEAD WAY sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 5 NEWSTEAD WAY, 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 NEWSTEAD WAY). 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 NEWSTEAD WAY?

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