THE CHALET, MAY ROAD, TURVEY, BEDFORD, MK43 8DT - £480,000

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.

THE CHALET is a small extended detached house of 136m², built sometime between 1950 and 1966, which could now be worth an estimated £540,800. It was last sold for £480,000 in November 2021, which was around 3% below the average November 2021 detached price in the Bedford local authority area. The most recent EPC inspection was July 2018, where the current energy rating was F, and the potential energy rating was C.

THE CHALET Sold Prices

Land registry data shows two sales for THE CHALET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bedford local authority area for the corresponding sale date. Both of the two THE CHALET 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
2021 17 NOV	£480,000	£493,714	3% below HPI
2019 8 FEB	£315,000	£455,398	31% below HPI

THE CHALET 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 two THE CHALET sales from February 2019 and November 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 February 2019 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2021 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might THE CHALET be worth now?

THE CHALET might now be worth an estimated £540,800.

This is based on house price inflation of 12.7%, between November 2021 and July 2025, 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 12.7% inflationary increase is applied to the most recent sale price for THE CHALET of £480,000 on 17th November 2021. For the value to have increased from £480,000 to £540,800 over the four years and four months to July 2025, the following assumptions must hold true:

• The value of THE CHALET has moved in line with the HPI for detached houses in the Bedford local authority area.
• The November 2021 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of THE CHALET has not materially changed since November 2021.

How Large is THE CHALET?

THE CHALET is 136m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the smallest 40% of detached houses houses in Turvey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Turvey, and where THE CHALET lies on this distribution: 36% of detached houses houses are smaller than THE CHALET, and 64% of houses are larger. Note that EPC data is not available for all properties in Turvey.

THE CHALET: Plot and Title Map

THE CHALET sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of THE CHALET, 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 THE CHALET). 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 THE CHALET?

THE CHALET is located on MAY ROAD in TURVEY, in the MK43 postcode district. The below map shows the position of THE CHALET on MAY ROAD.