71, GILLESPIE CLOSE, BEDFORD, MK42 9JQ - £172,000

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.

71 GILLESPIE CLOSE is a small detached house of 102m², built sometime between 1991 and 1995, which could now be worth an estimated £312,157. It was last sold for £172,000 in August 2012, which was around 42% below the average August 2012 detached price in the Bedford local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

71 GILLESPIE CLOSE Sold Prices

Land registry data shows three sales for 71 GILLESPIE 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 71 GILLESPIE 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
2012 10 AUG	£172,000	£297,201	42% below HPI
2004 9 DEC	£186,000	£263,605	29% below HPI
2003 8 AUG	£156,000	£239,177	35% below HPI

71 GILLESPIE 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 71 GILLESPIE CLOSE sales between August 2003 and August 2012 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 December 2004 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2012 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 71 GILLESPIE CLOSE be worth now?

71 GILLESPIE CLOSE might now be worth an estimated £312,157.

This is based on house price inflation of 81.5%, between August 2012 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 81.5% inflationary increase is applied to the most recent sale price for 71 GILLESPIE CLOSE of £172,000 on 10th August 2012. For the value to have increased from £172,000 to £312,157 over the thirteen years and six months to February 2025, the following assumptions must hold true:

• The value of 71 GILLESPIE CLOSE has moved in line with the HPI for detached houses in the Bedford local authority area.
• The August 2012 sale price of £172,000 represented a fair market value for the property.
• The size, condition, and specification of 71 GILLESPIE CLOSE has not materially changed since August 2012.

How Large is 71 GILLESPIE CLOSE?

71 GILLESPIE CLOSE is 102m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 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 71 GILLESPIE CLOSE lies on this distribution: 27% of detached houses houses are smaller than 71 GILLESPIE CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Bedford.

71 GILLESPIE CLOSE: Plot and Title Map

71 GILLESPIE CLOSE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 71 GILLESPIE 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 71 GILLESPIE 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 71 GILLESPIE CLOSE?

71 GILLESPIE CLOSE is located in BEDFORD, in the MK42 postcode district. The below map shows the position of No. 71 on GILLESPIE CLOSE.