8, MERCHANT LANE, CRANFIELD, BEDFORD, MK43 0DA - £472,500

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 MERCHANT LANE is a very large extended detached house of 152m², built sometime between 1930 and 1949. It was last sold for £472,500 in March 2017, which was around 1% below the average March 2017 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was February 2017, where the current energy rating was C, and the potential energy rating was B.

8 MERCHANT LANE Sold Prices

Land registry data shows two sales for 8 MERCHANT LANE 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 MERCHANT 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
2017 24 MAR	£472,500	£477,969	1% below HPI
2016 28 JUN	£410,000	£453,494	10% below HPI

8 MERCHANT LANE 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 MERCHANT LANE sales from June 2016 and March 2017 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 2016 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2017 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 8 MERCHANT LANE?

8 MERCHANT LANE is 152m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the largest 20% 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 MERCHANT LANE lies on this distribution: 83% of detached houses are smaller than 8 MERCHANT LANE, and 17% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

8 MERCHANT LANE: Plot and Title Map

8 MERCHANT LANE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 8 MERCHANT 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 MERCHANT 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 MERCHANT LANE?

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