8, GRACES CLOSE, CRANFIELD, BEDFORD, MK43 0HQ - £205,000

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

8 GRACES CLOSE is a very small detached house of 81m², built sometime between 1991 and 1995. It was last sold for £205,000 in March 2010, which was around 33% below the average March 2010 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

8 GRACES CLOSE Sold Prices

Land registry data shows two sales for 8 GRACES CLOSE 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 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
2010 9 MAR	£205,000	£304,753	33% below HPI
2007 2 FEB	£181,000	£316,595	43% below HPI

8 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 two 8 GRACES CLOSE sales from February 2007 and March 2010 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 February 2007 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the March 2010 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 8 GRACES CLOSE?

8 GRACES CLOSE is 81m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% of detached houses in Cranfield, based on EPC data. The below chart shows the distribution of detached houses by size in Cranfield, and where 8 GRACES CLOSE lies on this distribution: 5% of detached houses are smaller than 8 GRACES CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

8 GRACES CLOSE: Plot and Title Map

8 GRACES CLOSE sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 8 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 8 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 8 GRACES CLOSE?

8 GRACES CLOSE is located in CRANFIELD, in the MK43 postcode district. The below map shows the position of No. 8 on GRACES CLOSE.