4, GRANGE CLOSE, OAKLEY, BEDFORD, MK43 7TE - £250,000

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.

4 GRANGE CLOSE is a small detached house of 126m², built sometime between 1991 and 1995, which could now be worth an estimated £484,451. It was last sold for £250,000 in August 2011, which was around 14% below the average August 2011 detached price in the Bedford local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

4 GRANGE CLOSE Sold Prices

Land registry data shows three sales for 4 GRANGE CLOSE 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. All of the three 4 GRANGE CLOSE 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
2011 5 AUG	£250,000	£292,282	14% below HPI
2003 24 JUL	£208,000	£237,005	12% below HPI
1996 20 SEP	£89,000	£95,041	6% below HPI

4 GRANGE CLOSE 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 4 GRANGE CLOSE sales between September 1996 and August 2011 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 July 2003 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2011 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 4 GRANGE CLOSE be worth now?

4 GRANGE CLOSE might now be worth an estimated £484,451.

This is based on house price inflation of 93.8%, between August 2011 and May 2026, 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 93.8% inflationary increase is applied to the most recent sale price for 4 GRANGE CLOSE of £250,000 on 5th August 2011. For the value to have increased from £250,000 to £484,451 over the fifteen years and three months to May 2026, the following assumptions must hold true:

• The value of 4 GRANGE CLOSE has moved in line with the HPI for detached houses in the Bedford local authority area.
• The August 2011 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 4 GRANGE CLOSE has not materially changed since August 2011.

How Large is 4 GRANGE CLOSE?

4 GRANGE CLOSE is 126m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 40% of detached houses houses in Oakley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oakley, and where 4 GRANGE CLOSE lies on this distribution: 32% of detached houses houses are smaller than 4 GRANGE CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Oakley.

4 GRANGE CLOSE: Plot and Title Map

4 GRANGE CLOSE sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 4 GRANGE 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 4 GRANGE 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 4 GRANGE CLOSE?

4 GRANGE CLOSE is located in OAKLEY, in the MK43 postcode district. The below map shows the position of No. 4 on GRANGE CLOSE.