8, GRIFFIN WAY, KEMPSTON, BEDFORD, MK42 7GN - £268,000

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 GRIFFIN WAY is a very small detached house of 58m². It was last sold for £268,000 in May 2022, which was around 49% below the average May 2022 detached price in the Bedford local authority area. The most recent EPC inspection was March 2015, where the current energy rating was B, and the potential energy rating was A.

8 GRIFFIN WAY Sold Prices

Land registry data shows three sales for 8 GRIFFIN WAY 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 8 GRIFFIN WAY 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
2022 31 MAY	£268,000	£528,239	49% below HPI
2018 29 JUN	£235,000	£469,147	50% below HPI
2015 20 MAR	£196,995	£360,978	45% below HPI

8 GRIFFIN WAY 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 8 GRIFFIN WAY sales between March 2015 and May 2022 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 June 2018 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the May 2022 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 8 GRIFFIN WAY?

8 GRIFFIN WAY is 58m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of detached houses in Kempston, based on EPC data. The below chart shows the distribution of detached houses by size in Kempston, and where 8 GRIFFIN WAY lies on this distribution: 2% of detached houses are smaller than 8 GRIFFIN WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Kempston.

8 GRIFFIN WAY: Plot and Title Map

8 GRIFFIN WAY sits on a plot of roughly 0.030 of an acre, or 122m². The below map shows the location of 8 GRIFFIN WAY, 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 GRIFFIN WAY). 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 GRIFFIN WAY?

8 GRIFFIN WAY is located in KEMPSTON, in the MK42 postcode district. The below map shows the position of No. 8 on GRIFFIN WAY.