8, WISDOM CLOSE, BROMHAM, BEDFORD, MK43 8TL - £490,000

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 WISDOM CLOSE is a midsized extended detached house of 136m², built sometime between 2003 and 2006, which could now be worth an estimated £574,254. It was last sold for £490,000 in September 2020, which was around 6% above the average September 2020 detached price in the Bedford local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

8 WISDOM CLOSE Sold Prices

Land registry data shows three sales for 8 WISDOM 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 Bedford local authority area for the corresponding sale date. Two of the three 8 WISDOM CLOSE sales were for above the average price, whilst one was 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
2020 18 SEP	£490,000	£460,243	6% above HPI
2009 3 DEC	£294,500	£275,734	7% above HPI
2005 30 SEP	£264,995	£276,510	4% below HPI

8 WISDOM CLOSE 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 WISDOM CLOSE sales between September 2005 and September 2020 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 December 2009 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the September 2020 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 8 WISDOM CLOSE be worth now?

8 WISDOM CLOSE might now be worth an estimated £574,254.

This is based on house price inflation of 17.2%, between September 2020 and February 2025, for detached houses, in the Bedford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.2% inflationary increase is applied to the most recent sale price for 8 WISDOM CLOSE of £490,000 on 18th September 2020. For the value to have increased from £490,000 to £574,254 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 8 WISDOM CLOSE has moved in line with the HPI for detached houses in the Bedford local authority area.
• The September 2020 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 8 WISDOM CLOSE has not materially changed since September 2020.

How Large is 8 WISDOM CLOSE?

8 WISDOM CLOSE is 136m², which includes two extensions, according to the EPC inspection conducted in January 2020. This puts it in the largest 50% of detached houses houses in Bromham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bromham, and where 8 WISDOM CLOSE lies on this distribution: 56% of detached houses houses are smaller than 8 WISDOM CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Bromham.

8 WISDOM CLOSE: Plot and Title Map

8 WISDOM CLOSE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 8 WISDOM 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 WISDOM 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 WISDOM CLOSE?

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