7, GRACES CLOSE, CRANFIELD, BEDFORD, MK43 0HQ - £472,500

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

7 GRACES CLOSE is a very large extended detached house of 149m², built sometime between 1991 and 1995. It was last sold for £472,500 in August 2023, which was around 15% below the average August 2023 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was A.

7 GRACES CLOSE Sold Prices

Land registry data shows three sales for 7 GRACES 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 Central Bedfordshire local authority area for the corresponding sale date. All of the three 7 GRACES 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
2023 30 AUG	£472,500	£558,356	15% below HPI
2004 10 SEP	£238,500	£289,613	18% below HPI
1996 27 SEP	£88,000	£104,302	16% below HPI

7 GRACES CLOSE 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 three 7 GRACES CLOSE sales between September 1996 and August 2023 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 2004 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the August 2023 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 7 GRACES CLOSE?

7 GRACES CLOSE is 149m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the largest 20% of detached houses in Cranfield, based on EPC data. The below chart shows the distribution of detached houses by size in Cranfield, and where 7 GRACES CLOSE lies on this distribution: 81% of detached houses are smaller than 7 GRACES CLOSE, and 18% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

7 GRACES CLOSE: Plot and Title Map

7 GRACES CLOSE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 7 GRACES 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 7 GRACES 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 7 GRACES CLOSE?

7 GRACES CLOSE is located in CRANFIELD, in the MK43 postcode district. The below map shows the position of No. 7 on GRACES CLOSE.