8, HARE LANE, CRANFIELD, BEDFORD, MK43 0ZG - £350,000

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 HARE LANE is a very small semi-detached house of 84m², which could now be worth an estimated £366,680. It was last sold for £350,000 in December 2022, which was around 3% below the average December 2022 semi-detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was A.

8 HARE LANE Sold Prices

Land registry data shows two sales for 8 HARE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Central Bedfordshire local authority area for the corresponding sale date. Both of the two 8 HARE LANE 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 15 DEC	£350,000	£362,077	3% below HPI
2016 12 AUG	£263,950	£283,709	7% below HPI

8 HARE LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The two 8 HARE LANE sales from August 2016 and December 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 August 2016 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the December 2022 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 8 HARE LANE be worth now?

8 HARE LANE might now be worth an estimated £366,680.

This is based on house price inflation of 4.8%, between December 2022 and February 2025, for semi-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 4.8% inflationary increase is applied to the most recent sale price for 8 HARE LANE of £350,000 on 15th December 2022. For the value to have increased from £350,000 to £366,680 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 HARE LANE has moved in line with the HPI for semi-detached houses in the Central Bedfordshire local authority area.
• The December 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HARE LANE has not materially changed since December 2022.

How Large is 8 HARE LANE?

8 HARE LANE is 84m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 10% of semi-detached houses houses in Cranfield, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cranfield, and where 8 HARE LANE lies on this distribution: 7% of semi-detached houses houses are smaller than 8 HARE LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

8 HARE LANE: Plot and Title Map

8 HARE LANE sits on a plot of roughly 2.4 acres, or 9,740m². The below map shows the location of 8 HARE LANE, 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 HARE LANE). 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 HARE LANE?

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