HILLCREST, GRANGE ROAD, FELMERSHAM, BEDFORD, MK43 7EU - £412,500

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

HILLCREST is a very small extended detached house of 100m², built sometime before 1900, which could now be worth an estimated £437,803. It was last sold for £412,500 in June 2024, which was around 19% below the average June 2024 detached price in the Bedford local authority area. The most recent EPC inspection was March 2023, where the current energy rating was E, and the potential energy rating was B.

HILLCREST Sold Prices

Land registry data shows three sales for HILLCREST 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 HILLCREST sales were for below the average price, whilst one was for above 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
2024 21 JUN	£412,500	£510,969	19% below HPI
2018 22 OCT	£345,000	£460,767	25% below HPI
2008 8 AUG	£310,000	£303,046	2% above HPI

HILLCREST 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 HILLCREST sales between August 2008 and June 2024 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 October 2018 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2024 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might HILLCREST be worth now?

HILLCREST might now be worth an estimated £437,803.

This is based on house price inflation of 6.1%, between June 2024 and December 2024, 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 6.1% inflationary increase is applied to the most recent sale price for HILLCREST of £412,500 on 21st June 2024. For the value to have increased from £412,500 to £437,803 over the six months to December 2024, the following assumptions must hold true:

• The value of HILLCREST has moved in line with the HPI for detached houses in the Bedford local authority area.
• The June 2024 sale price of £412,500 represented a fair market value for the property.
• The size, condition, and specification of HILLCREST has not materially changed since June 2024.

How Large is HILLCREST?

HILLCREST is 100m², which includes two extensions, according to the EPC inspection conducted in March 2023. This puts it in the smallest 20% of detached houses houses in Felmersham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Felmersham, and where HILLCREST lies on this distribution: 14% of detached houses houses are smaller than HILLCREST, and 86% of houses are larger. Note that EPC data is not available for all properties in Felmersham.

HILLCREST: Plot and Title Map

HILLCREST sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of HILLCREST, 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 HILLCREST). 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 HILLCREST?

HILLCREST is located on GRANGE ROAD in FELMERSHAM, in the MK43 postcode district. The below map shows the position of HILLCREST on GRANGE ROAD.