51, MILL LANE, GREENFIELD, BEDFORD, MK45 5DG - £300,000

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

51 MILL LANE is a very small detached house of 96m², built sometime between 1976 and 1982. It was last sold for £300,000 in October 2014, which was around 19% below the average October 2014 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

51 MILL LANE Sold Prices

Land registry data shows four sales for 51 MILL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. All of the four 51 MILL LANE 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
2014 21 OCT	£300,000	£371,306	19% below HPI
2013 26 APR	£275,000	£322,279	15% below HPI
2004 26 MAR	£223,000	£274,462	19% below HPI
1999 16 APR	£116,000	£134,069	13% below HPI

51 MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The four 51 MILL LANE sales between April 1999 and October 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 April 2013 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the October 2014 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 51 MILL LANE?

51 MILL LANE is 96m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 20% of detached houses in Greenfield, based on EPC data. The below chart shows the distribution of detached houses by size in Greenfield, and where 51 MILL LANE lies on this distribution: 10% of detached houses are smaller than 51 MILL LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Greenfield.

51 MILL LANE: Plot and Title Map

51 MILL LANE sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 51 MILL 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 51 MILL 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 51 MILL LANE?

51 MILL LANE is located in GREENFIELD, in the MK45 postcode district. The below map shows the position of No. 51 on MILL LANE.