SPRINGMEAD, LODGE ROAD, CRANFIELD, BEDFORD, MK43 0BG - £395,000

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

SPRINGMEAD is a small extended detached house of 97m², built sometime between 1950 and 1966. It was last sold for £395,000 in February 2022, which was around 26% below the average February 2022 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

SPRINGMEAD Sold Prices

Land registry data shows two sales for SPRINGMEAD 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. One of the two SPRINGMEAD sales was for below the average price, whilst the other 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
2022 25 FEB	£395,000	£534,445	26% below HPI
2016 24 MAY	£510,000	£451,890	13% above HPI

SPRINGMEAD 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 SPRINGMEAD sales from May 2016 and February 2022 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 May 2016 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the February 2022 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is SPRINGMEAD?

SPRINGMEAD is 97m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the smallest 30% of detached houses in Cranfield, based on EPC data. The below chart shows the distribution of detached houses by size in Cranfield, and where SPRINGMEAD lies on this distribution: 21% of detached houses are smaller than SPRINGMEAD, and 78% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

SPRINGMEAD: Plot and Title Map

SPRINGMEAD sits on a plot of roughly 0.171 of an acre, or 691m². The below map shows the location of SPRINGMEAD, 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 SPRINGMEAD). 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 SPRINGMEAD?

SPRINGMEAD is located on LODGE ROAD in CRANFIELD, in the MK43 postcode district. The below map shows the position of SPRINGMEAD on LODGE ROAD.