5, TEST CLOSE, BEDFORD, MK41 7SY - £425,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 TEST CLOSE is a midsized extended detached house of 121m², built sometime between 1983 and 1990. It was last sold for £425,000 in February 2017, which was around 4% below the average February 2017 detached price in the Bedford local authority area. The most recent EPC inspection was January 2016, where the current energy rating was C, and the potential energy rating was B.

5 TEST CLOSE Sold Prices

Land registry data shows three sales for 5 TEST 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 TEST 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
2017 24 FEB	£425,000	£440,471	4% below HPI
2013 25 JUN	£290,000	£307,410	6% below HPI
2003 27 FEB	£214,950	£236,063	9% below HPI

5 TEST 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 TEST CLOSE sales between February 2003 and February 2017 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 June 2013 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2017 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 5 TEST CLOSE?

5 TEST CLOSE is 121m², which includes one extension, according to the EPC inspection conducted in January 2016. This puts it in the smallest 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 TEST CLOSE lies on this distribution: 46% of detached houses are smaller than 5 TEST CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Bedford.

5 TEST CLOSE: Plot and Title Map

5 TEST CLOSE sits on a plot of roughly 0.087 of an acre, or 354m². The below map shows the location of 5 TEST 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 TEST 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 TEST CLOSE?

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