2, THE LAWNS, CRANFIELD, BEDFORD, MK43 0YN - £315,500

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.

2 THE LAWNS is a very small semi-detached house of 67m², which could now be worth an estimated £345,814. It was last sold for £315,500 in June 2022, which was around 9% below the average June 2022 semi-detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was June 2017, where the current energy rating was B, and the potential energy rating was A.

2 THE LAWNS Sold Prices

Land registry data shows two sales for 2 THE LAWNS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Central Bedfordshire local authority area for the corresponding sale date. Both of the two 2 THE LAWNS 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
2022 24 JUN	£315,500	£345,590	9% below HPI
2017 15 DEC	£249,950	£309,181	19% below HPI

2 THE LAWNS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The two 2 THE LAWNS sales from December 2017 and June 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 December 2017 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2022 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 2 THE LAWNS be worth now?

2 THE LAWNS might now be worth an estimated £345,814.

This is based on house price inflation of 9.6%, between June 2022 and March 2026, for semi-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 9.6% inflationary increase is applied to the most recent sale price for 2 THE LAWNS of £315,500 on 24th June 2022. For the value to have increased from £315,500 to £345,814 over the four years and three months to March 2026, the following assumptions must hold true:

• The value of 2 THE LAWNS has moved in line with the HPI for semi-detached houses in the Central Bedfordshire local authority area.
• The June 2022 sale price of £315,500 represented a fair market value for the property.
• The size, condition, and specification of 2 THE LAWNS has not materially changed since June 2022.

How Large is 2 THE LAWNS?

2 THE LAWNS is 67m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 10% of semi-detached houses houses in Cranfield, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cranfield, and where 2 THE LAWNS lies on this distribution: 2% of semi-detached houses houses are smaller than 2 THE LAWNS, and 98% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

2 THE LAWNS: Plot and Title Map

2 THE LAWNS sits on a plot of roughly 17.5 acres, or 71,000m². The below map shows the location of 2 THE LAWNS, 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 2 THE LAWNS). 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 2 THE LAWNS?

2 THE LAWNS is located in CRANFIELD, in the MK43 postcode district. The below map shows the position of No. 2 on THE LAWNS.