57, MILL ROAD, CRANFIELD, BEDFORD, MK43 0JG - £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.

57 MILL ROAD is a small extended detached house of 111m², built sometime between 1967 and 1975, which could now be worth an estimated £473,320. It was last sold for £250,000 in March 2012, which was around 22% below the average March 2012 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

57 MILL ROAD Sold Prices

Land registry data shows three sales for 57 MILL ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. All of the three 57 MILL ROAD 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
2012 15 MAR	£250,000	£320,492	22% below HPI
2003 27 JAN	£240,000	£264,424	9% below HPI
1995 7 AUG	£78,000	£103,021	24% below HPI

57 MILL ROAD 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 three 57 MILL ROAD sales between August 1995 and March 2012 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 January 2003 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the March 2012 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 57 MILL ROAD be worth now?

57 MILL ROAD might now be worth an estimated £473,320.

This is based on house price inflation of 89.3%, between March 2012 and May 2026, for 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 89.3% inflationary increase is applied to the most recent sale price for 57 MILL ROAD of £250,000 on 15th March 2012. For the value to have increased from £250,000 to £473,320 over the thirteen years and ten months to May 2026, the following assumptions must hold true:

• The value of 57 MILL ROAD has moved in line with the HPI for detached houses in the Central Bedfordshire local authority area.
• The March 2012 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 57 MILL ROAD has not materially changed since March 2012.

How Large is 57 MILL ROAD?

57 MILL ROAD is 111m², which includes two extensions, according to the EPC inspection conducted in August 2011. This puts it in the smallest 40% of detached houses houses in Cranfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranfield, and where 57 MILL ROAD lies on this distribution: 35% of detached houses houses are smaller than 57 MILL ROAD, and 65% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

57 MILL ROAD: Plot and Title Map

57 MILL ROAD sits on a plot of roughly 0.130 of an acre, or 527m². The below map shows the location of 57 MILL ROAD, 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 57 MILL ROAD). 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 57 MILL ROAD?

57 MILL ROAD is located in CRANFIELD, in the MK43 postcode district. The below map shows the position of No. 57 on MILL ROAD.