44, MELROSE DRIVE, ELSTOW, BEDFORD, MK42 9FH - £252,500

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.

44 MELROSE DRIVE is a very small terraced house of 82m², built sometime between 1996 and 2002, which could now be worth an estimated £304,986. It was last sold for £252,500 in July 2018, which was around 15% above the average July 2018 terraced price in the Bedford local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was C.

44 MELROSE DRIVE Sold Prices

Land registry data shows five sales for 44 MELROSE DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Bedford local authority area for the corresponding sale date. All of the five 44 MELROSE DRIVE 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
2018 13 JUL	£252,500	£219,157	15% above HPI
2014 4 APR	£172,000	£151,936	13% above HPI
2006 24 FEB	£165,000	£134,716	22% above HPI
2004 19 JUL	£162,000	£123,899	31% above HPI
1999 24 SEP	£85,995	£57,041	51% above HPI

44 MELROSE DRIVE 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 five 44 MELROSE DRIVE sales between September 1999 and July 2018 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 April 2014 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the July 2018 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 44 MELROSE DRIVE be worth now?

44 MELROSE DRIVE might now be worth an estimated £304,986.

This is based on house price inflation of 20.8%, between July 2018 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 20.8% inflationary increase is applied to the most recent sale price for 44 MELROSE DRIVE of £252,500 on 13th July 2018. For the value to have increased from £252,500 to £304,986 over the seven years and one month to June 2025, the following assumptions must hold true:

• The value of 44 MELROSE DRIVE has moved in line with the HPI for terraced houses in the Bedford local authority area.
• The July 2018 sale price of £252,500 represented a fair market value for the property.
• The size, condition, and specification of 44 MELROSE DRIVE has not materially changed since July 2018.

How Large is 44 MELROSE DRIVE?

44 MELROSE DRIVE is 82m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 10% 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 44 MELROSE DRIVE lies on this distribution: 10% of terraced houses houses are smaller than 44 MELROSE DRIVE, and 90% of houses are larger. Note that EPC data is not available for all properties in Bedford.

44 MELROSE DRIVE: Plot and Title Map

44 MELROSE DRIVE sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 44 MELROSE DRIVE, 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 44 MELROSE DRIVE). 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 44 MELROSE DRIVE?

44 MELROSE DRIVE is located in ELSTOW, in the MK42 postcode district. The below map shows the position of No. 44 on MELROSE DRIVE.