61, CAVES LANE, BEDFORD, MK40 3DW - £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

61 CAVES LANE is a large extended detached house of 142m², built sometime between 1976 and 1982. It was last sold for £300,000 in January 2014, which was around 6% below the average January 2014 detached price in the Bedford local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was C.

61 CAVES LANE Sold Prices

Land registry data shows two sales for 61 CAVES 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 61 CAVES 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 29 JAN	£300,000	£320,021	6% below HPI
2007 14 JUN	£240,000	£303,099	21% below HPI

61 CAVES 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 61 CAVES LANE sales from June 2007 and January 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 June 2007 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the January 2014 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 61 CAVES LANE?

61 CAVES LANE is 142m², which includes one extension, according to the EPC inspection conducted in November 2011. This puts it in the largest 40% of detached houses in Bedford, based on EPC data. The below chart shows the distribution of detached houses by size in Bedford, and where 61 CAVES LANE lies on this distribution: 65% of detached houses are smaller than 61 CAVES LANE, and 35% of houses are larger. Note that EPC data is not available for all properties in Bedford.

61 CAVES LANE: Plot and Title Map

61 CAVES LANE sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 61 CAVES 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 61 CAVES 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 61 CAVES LANE?

61 CAVES LANE is located in BEDFORD, in the MK40 postcode district. The below map shows the position of No. 61 on CAVES LANE.