8, GRIEG CLOSE, SHEFFORD, SG17 5SE - £475,000

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.

8 GRIEG CLOSE is a small extended detached house of 110m², built sometime between 1991 and 1995, which could now be worth an estimated £515,147. It was last sold for £475,000 in August 2023, which was around 17% below the average August 2023 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

8 GRIEG CLOSE Sold Prices

Land registry data shows three sales for 8 GRIEG 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. The three 8 GRIEG CLOSE sales were a mix of below the average price, and roughly equal to 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 10 AUG	£475,000	£574,974	17% below HPI
2005 12 AUG	£242,000	£304,401	20% below HPI
1997 24 JAN	£106,000	£106,216	Close to HPI

8 GRIEG 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 8 GRIEG CLOSE sales between January 1997 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 August 2005 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2023 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 8 GRIEG CLOSE be worth now?

8 GRIEG CLOSE might now be worth an estimated £515,147.

This is based on house price inflation of 8.5%, between August 2023 and February 2025, for detached houses, in the Central Bedfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.5% inflationary increase is applied to the most recent sale price for 8 GRIEG CLOSE of £475,000 on 10th August 2023. For the value to have increased from £475,000 to £515,147 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of 8 GRIEG CLOSE has moved in line with the HPI for detached houses in the Central Bedfordshire local authority area.
• The August 2023 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GRIEG CLOSE has not materially changed since August 2023.

How Large is 8 GRIEG CLOSE?

8 GRIEG CLOSE is 110m², which includes three extensions, according to the EPC inspection conducted in August 2022. This puts it in the smallest 40% of detached houses houses in Shefford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shefford, and where 8 GRIEG CLOSE lies on this distribution: 31% of detached houses houses are smaller than 8 GRIEG CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Shefford.

8 GRIEG CLOSE: Plot and Title Map

8 GRIEG CLOSE sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 8 GRIEG 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 GRIEG 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 GRIEG CLOSE?

8 GRIEG CLOSE is located in SHEFFORD, in the SG17 postcode district. The below map shows the position of No. 8 on GRIEG CLOSE.