HOLLY LODGE, CHURCH LANE, OAKLEY, BEDFORD, MK43 7RP - £615,000

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

HOLLY LODGE is a very large extended detached house of 244m², built sometime between 1950 and 1966. It was last sold for £615,000 in March 2015, which was around 70% above the average March 2015 detached price in the Bedford local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was C.

HOLLY LODGE Sold Prices

Land registry data shows two sales for HOLLY LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bedford local authority area for the corresponding sale date. Both of the two HOLLY LODGE sales were 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
2015 2 MAR	£615,000	£360,978	70% above HPI
2003 7 OCT	£457,500	£252,759	81% above HPI

HOLLY LODGE 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 two HOLLY LODGE sales from October 2003 and March 2015 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 2003 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the March 2015 sale, where it falls to 70% above the HPI. The line then continues to track at 70% above the HPI.

How Large is HOLLY LODGE?

HOLLY LODGE is 244m², which includes two extensions, according to the EPC inspection conducted in July 2014. This puts it in the largest 10% of detached houses in Oakley, based on EPC data. The below chart shows the distribution of detached houses by size in Oakley, and where HOLLY LODGE lies on this distribution: 92% of detached houses are smaller than HOLLY LODGE, and 8% of houses are larger. Note that EPC data is not available for all properties in Oakley.

HOLLY LODGE: Plot and Title Map

HOLLY LODGE sits on a plot of roughly 0.421 of an acre, or 1,706m². The below map shows the location of HOLLY LODGE, 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 HOLLY LODGE). 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 HOLLY LODGE?

HOLLY LODGE is located on CHURCH LANE in OAKLEY, in the MK43 postcode district. The below map shows the position of HOLLY LODGE on CHURCH LANE.