5, PARKLANDS, BEDFORD, MK41 9LZ - £345,000

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 PARKLANDS is a large detached house of 162m², built sometime between 1996 and 2002, which could now be worth an estimated £639,175. It was last sold for £345,000 in April 2011, which was around 19% above the average April 2011 detached price in the Bedford local authority area. The most recent EPC inspection was December 2008, where the current energy rating was C, and the potential energy rating was C.

5 PARKLANDS Sold Prices

Land registry data shows three sales for 5 PARKLANDS 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 PARKLANDS 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
2011 4 APR	£345,000	£291,135	19% above HPI
2009 6 FEB	£350,000	£262,521	33% above HPI
2002 24 JUL	£260,000	£209,467	24% above HPI

5 PARKLANDS 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 PARKLANDS sales between July 2002 and April 2011 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 February 2009 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the April 2011 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 5 PARKLANDS be worth now?

5 PARKLANDS might now be worth an estimated £639,175.

This is based on house price inflation of 85.3%, between April 2011 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 85.3% inflationary increase is applied to the most recent sale price for 5 PARKLANDS of £345,000 on 4th April 2011. For the value to have increased from £345,000 to £639,175 over the fourteen years and two months to February 2025, the following assumptions must hold true:

• The value of 5 PARKLANDS has moved in line with the HPI for detached houses in the Bedford local authority area.
• The April 2011 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PARKLANDS has not materially changed since April 2011.

How Large is 5 PARKLANDS?

5 PARKLANDS is 162m² according to the EPC inspection conducted in December 2008. This puts it in the largest 30% 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 PARKLANDS lies on this distribution: 76% of detached houses houses are smaller than 5 PARKLANDS, and 24% of houses are larger. Note that EPC data is not available for all properties in Bedford.

5 PARKLANDS: Plot and Title Map

5 PARKLANDS sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of 5 PARKLANDS, 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 PARKLANDS). 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 PARKLANDS?

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