8, CHESTNUT RISE, LEIGHTON BUZZARD, LU7 2TW - £525,000

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

8 CHESTNUT RISE is a very small extended detached house of 89m², built sometime between 1967 and 1975. It was last sold for £525,000 in December 2023, which was around 6% below the average December 2023 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

8 CHESTNUT RISE Sold Prices

Land registry data shows two sales for 8 CHESTNUT RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. Both of the two 8 CHESTNUT RISE 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 1 DEC	£525,000	£555,989	6% below HPI
2019 19 JUL	£345,000	£489,825	30% below HPI

8 CHESTNUT RISE 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 two 8 CHESTNUT RISE sales from July 2019 and December 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 July 2019 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2023 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 8 CHESTNUT RISE?

8 CHESTNUT RISE is 89m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 20% of detached houses in Leighton Buzzard, based on EPC data. The below chart shows the distribution of detached houses by size in Leighton Buzzard, and where 8 CHESTNUT RISE lies on this distribution: 17% of detached houses are smaller than 8 CHESTNUT RISE, and 82% of houses are larger. Note that EPC data is not available for all properties in Leighton Buzzard.

8 CHESTNUT RISE: Plot and Title Map

8 CHESTNUT RISE sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of 8 CHESTNUT RISE, 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 8 CHESTNUT RISE). 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 8 CHESTNUT RISE?

8 CHESTNUT RISE is located in LEIGHTON BUZZARD, in the LU7 postcode district. The below map shows the position of No. 8 on CHESTNUT RISE.