24, COTEFIELD DRIVE, LEIGHTON BUZZARD, LU7 3DS - £395,000

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.

24 COTEFIELD DRIVE is a midsized extended detached house of 111m², built sometime between 1967 and 1975, which could now be worth an estimated £472,495. It was last sold for £395,000 in May 2018, which was around 23% below the average May 2018 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was August 2014, where the current energy rating was E, and the potential energy rating was C.

24 COTEFIELD DRIVE Sold Prices

Land registry data shows two sales for 24 COTEFIELD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. Both of the two 24 COTEFIELD DRIVE 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
2018 21 MAY	£395,000	£514,305	23% below HPI
2016 15 JAN	£375,000	£450,057	17% below HPI

24 COTEFIELD DRIVE 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 two 24 COTEFIELD DRIVE sales from January 2016 and May 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 January 2016 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2018 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 24 COTEFIELD DRIVE be worth now?

24 COTEFIELD DRIVE might now be worth an estimated £472,495.

This is based on house price inflation of 19.6%, between May 2018 and April 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 19.6% inflationary increase is applied to the most recent sale price for 24 COTEFIELD DRIVE of £395,000 on 21st May 2018. For the value to have increased from £395,000 to £472,495 over the eight years and one month to April 2026, the following assumptions must hold true:

• The value of 24 COTEFIELD DRIVE has moved in line with the HPI for detached houses in the Central Bedfordshire local authority area.
• The May 2018 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 24 COTEFIELD DRIVE has not materially changed since May 2018.

How Large is 24 COTEFIELD DRIVE?

24 COTEFIELD DRIVE is 111m², which includes two extensions, according to the EPC inspection conducted in August 2014. This puts it in the smallest 50% of detached houses in Leighton Buzzard, based on EPC data. The below chart shows the distribution of detached houses by size in Leighton Buzzard, and where 24 COTEFIELD DRIVE lies on this distribution: 44% of detached houses are smaller than 24 COTEFIELD DRIVE, and 55% of detached houses are larger. Note that EPC data is not available for all properties in Leighton Buzzard.

24 COTEFIELD DRIVE: Plot

24 COTEFIELD DRIVE sits on a plot of roughly 0.074 of an acre, or 301m².

Where is 24 COTEFIELD DRIVE?

24 COTEFIELD DRIVE is located in LEIGHTON BUZZARD, in the LU7 postcode district.