9, RED LION CLOSE, CRANFIELD, BEDFORD, MK43 0JA - £363,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

9 RED LION CLOSE is a small extended detached house of 100m², built sometime between 1976 and 1982, which could now be worth an estimated £410,489. It was last sold for £363,500 in October 2021, which was around 33% below the average October 2021 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

9 RED LION CLOSE Sold Prices

Land registry data shows three sales for 9 RED LION 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. All of the three 9 RED LION CLOSE 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
2021 20 OCT	£363,500	£539,575	33% below HPI
2017 28 NOV	£315,000	£513,449	39% below HPI
2013 23 AUG	£240,000	£336,857	29% below HPI

9 RED LION 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 9 RED LION CLOSE sales between August 2013 and October 2021 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 November 2017 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the October 2021 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 9 RED LION CLOSE be worth now?

9 RED LION CLOSE might now be worth an estimated £410,489.

This is based on house price inflation of 12.9%, between October 2021 and December 2024, 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 12.9% inflationary increase is applied to the most recent sale price for 9 RED LION CLOSE of £363,500 on 20th October 2021. For the value to have increased from £363,500 to £410,489 over the two years and ten months to December 2024, the following assumptions must hold true:

• The value of 9 RED LION CLOSE has moved in line with the HPI for detached houses in the Central Bedfordshire local authority area.
• The October 2021 sale price of £363,500 represented a fair market value for the property.
• The size, condition, and specification of 9 RED LION CLOSE has not materially changed since October 2021.

How Large is 9 RED LION CLOSE?

9 RED LION CLOSE is 100m², which includes three extensions, according to the EPC inspection conducted in March 2018. This puts it in the smallest 30% of detached houses houses in Cranfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranfield, and where 9 RED LION CLOSE lies on this distribution: 25% of detached houses houses are smaller than 9 RED LION CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

9 RED LION CLOSE: Plot and Title Map

9 RED LION CLOSE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 9 RED LION 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 9 RED LION 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 9 RED LION CLOSE?

9 RED LION CLOSE is located in CRANFIELD, in the MK43 postcode district. The below map shows the position of No. 9 on RED LION CLOSE.