5A, MILL ROAD, CRANFIELD, BEDFORD, MK43 0JG - £227,750

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.

5A MILL ROAD is a very small terraced house of 75m², built sometime between 1976 and 1982, which could now be worth an estimated £273,008. It was last sold for £227,750 in March 2021, which was around 9% below the average March 2021 terraced price in the Central Bedfordshire local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

5A MILL ROAD Sold Prices

Land registry data shows two sales for 5A MILL ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Central Bedfordshire local authority area for the corresponding sale date. One of the two 5A MILL ROAD sales was for below the average price, whilst the other was roughly equal to 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
2021 26 MAR	£227,750	£251,158	9% below HPI
2006 12 OCT	£160,000	£160,056	Close to HPI

5A MILL ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The two 5A MILL ROAD sales from October 2006 and March 2021 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 October 2006 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2021 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 5A MILL ROAD be worth now?

5A MILL ROAD might now be worth an estimated £273,008.

This is based on house price inflation of 19.9%, between March 2021 and March 2026, for terraced 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 19.9% inflationary increase is applied to the most recent sale price for 5A MILL ROAD of £227,750 on 26th March 2021. For the value to have increased from £227,750 to £273,008 over the five years to March 2026, the following assumptions must hold true:

• The value of 5A MILL ROAD has moved in line with the HPI for terraced houses in the Central Bedfordshire local authority area.
• The March 2021 sale price of £227,750 represented a fair market value for the property.
• The size, condition, and specification of 5A MILL ROAD has not materially changed since March 2021.

How Large is 5A MILL ROAD?

5A MILL ROAD is 75m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of terraced houses houses in Cranfield, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Cranfield, and where 5A MILL ROAD lies on this distribution: 4% of terraced houses houses are smaller than 5A MILL ROAD, and 96% of houses are larger. Note that EPC data is not available for all properties in Cranfield.

5A MILL ROAD: Plot and Title Map

5A MILL ROAD sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 5A 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 5A 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 5A MILL ROAD?

5A MILL ROAD is located in CRANFIELD, in the MK43 postcode district. The below map shows the position of No. 5A on MILL ROAD.