16, GILLESPIE CLOSE, BEDFORD, MK42 9JH - £215,000

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.

16 GILLESPIE CLOSE is a very small terraced house of 93m², built sometime between 2003 and 2006, which could now be worth an estimated £280,174. It was last sold for £215,000 in February 2017, which was around 6% above the average February 2017 terraced price in the Bedford local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was B.

16 GILLESPIE CLOSE Sold Prices

Land registry data shows three sales for 16 GILLESPIE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Bedford local authority area for the corresponding sale date. All of the three 16 GILLESPIE CLOSE 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
2017 24 FEB	£215,000	£203,135	6% above HPI
2007 23 FEB	£164,000	£146,472	12% above HPI
2004 26 MAR	£164,200	£116,438	41% above HPI

16 GILLESPIE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Bedford local authority area over time, sourced from the HPI. The three 16 GILLESPIE CLOSE sales between March 2004 and February 2017 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 February 2007 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the February 2017 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 16 GILLESPIE CLOSE be worth now?

16 GILLESPIE CLOSE might now be worth an estimated £280,174.

This is based on house price inflation of 30.3%, between February 2017 and June 2025, for terraced 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 30.3% inflationary increase is applied to the most recent sale price for 16 GILLESPIE CLOSE of £215,000 on 24th February 2017. For the value to have increased from £215,000 to £280,174 over the seven years and eight months to June 2025, the following assumptions must hold true:

• The value of 16 GILLESPIE CLOSE has moved in line with the HPI for terraced houses in the Bedford local authority area.
• The February 2017 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 16 GILLESPIE CLOSE has not materially changed since February 2017.

How Large is 16 GILLESPIE CLOSE?

16 GILLESPIE CLOSE is 93m² according to the EPC inspection conducted in January 2017. This puts it in the smallest 20% of terraced houses houses in Bedford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bedford, and where 16 GILLESPIE CLOSE lies on this distribution: 19% of terraced houses houses are smaller than 16 GILLESPIE CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Bedford.

16 GILLESPIE CLOSE: Plot and Title Map

16 GILLESPIE CLOSE sits on a plot of roughly 0.037 of an acre, or 149m². The below map shows the location of 16 GILLESPIE 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 16 GILLESPIE 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 16 GILLESPIE CLOSE?

16 GILLESPIE CLOSE is located in BEDFORD, in the MK42 postcode district. The below map shows the position of No. 16 on GILLESPIE CLOSE.