Cranfield House Prices Cranfield House Prices

The average house price in Cranfield is £276,083 using HM Land Registry data.

The average property price increased by £20,904 (5.91%) over the last 5 years and increased by £4,178 (1.13%) over the last 12 months.

Over the last year, there were 67 residential property sales – a decrease of 31 transactions (-46.27%) relative to the previous year. The majority of house sales (16) were in the £304,000 - £386,000 range. Then came properties in the £468,000 - £550,000 range, where 14 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 78 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,148 (-1%).

In April 2024, there were 18 new estate agency instructions, 6 agreed home sales and 12 property price reductions.

5-Year Average Property Prices in Cranfield

5.91%

Property prices in Cranfield increased by 5.91% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Cranfield Over the Last Year

1.13%

Property prices in Cranfield increased by 1.13% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Cranfield - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Cranfield

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Cranfield

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Cranfield

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Cranfield since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Cranfield area since 1995.

Recent Property Sales in Cranfield

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
7 Maltings Close, Cranfield, Bedford, Central Bedfordshire, MK43 0BY£395,000£390,000-£5,00016 Jun 202303 Nov 2023140 Days
142b, High Street, Cranfield, Bedford, Central Bedfordshire, MK43 0EL£550,000£525,000-£25,00015 May 202316 Oct 2023154 Days
7 Willow Springs, Cranfield, Bedford, Central Bedfordshire, MK43 0DS£475,000£470,000-£5,00015 May 202328 Sep 2023136 Days
Wind Rush, Bourne End Road, Cranfield, Bedford, Central Bedfordshire, MK43 0BD£575,000£560,000-£15,00016 Feb 202306 Sep 2023202 Days
7 Graces Close, Cranfield, Bedford, Central Bedfordshire, MK43 0HQ£550,000£472,500-£77,50015 Sep 202230 Aug 2023349 Days
7 Harter Avenue, Cranfield, Bedford, Central Bedfordshire, MK43 0EE£360,000£360,000£0031 May 202329 Aug 202390 Days
1 Harter Avenue, Cranfield, Bedford, Central Bedfordshire, MK43 0EE£325,000£300,000-£25,00031 Jan 202322 Aug 2023203 Days
98 High Street, Cranfield, Bedford, Central Bedfordshire, MK43 0DG£350,000£346,000-£4,00031 Jan 202305 Jun 2023125 Days
11 Gadsden Close, Cranfield, Bedford, Central Bedfordshire, MK43 0HF£275,000£271,000-£4,00026 Dec 202212 May 2023137 Days
Kilmacolm, Bourne End Road, Cranfield, Bedford, Central Bedfordshire, MK43 0BD£625,000£600,000-£25,00023 Sep 202210 Mar 2023168 Days
127 High Street, Cranfield, Bedford, Central Bedfordshire, MK43 0HZ£220,000£212,000-£8,00028 Jun 202207 Nov 2022132 Days
34 Court Road, Cranfield, Bedford, Central Bedfordshire, MK43 0DX£625,000£575,000-£50,00026 Nov 202130 Sep 2022308 Days
8 Maltings Close, Cranfield, Bedford, Central Bedfordshire, MK43 0BY£345,000£340,000-£5,00024 Mar 202215 Sep 2022175 Days
13a, Crawley Road, Cranfield, Bedford, Central Bedfordshire, MK43 0AA£550,000£550,000£0019 May 202201 Sep 2022105 Days
14 Gadsden Close, Cranfield, Bedford, Bedfordshire, MK43 0HF£310,000£310,000£0027 Jan 202211 Jul 2022165 Days
1 Rowan Way, Cranfield, Bedford, Bedfordshire, MK43 0DH£575,000£558,000-£17,00003 Mar 202208 Jul 2022127 Days
29 Lordsmead, Cranfield, Bedford, Bedfordshire, MK43 0HP£350,000£350,000£0006 Oct 202110 Jun 2022247 Days
9 East Hills, Cranfield, Bedford, Central Bedfordshire, MK43 0EA£650,000£615,000-£35,00002 Nov 202127 May 2022206 Days
8 Folly Farm, Cranfield, Bedford, Central Bedfordshire, MK43 0DL£315,000£312,500-£2,50024 Jan 202206 May 2022102 Days
27 Gadsden Close, Cranfield, Bedford, Bedfordshire, MK43 0HF£285,000£275,000-£10,00013 May 202101 Apr 2022323 Days

Most Expensive Streets in Cranfield

PostcodeStreetAreaAverageNo. of Sales
MK43 0EBWood End RoadCranfield£631,3336
MK43 0YTChantilly CornerCranfield£567,4954
MK43 0BDBourne End RoadCranfield£509,2494
MK43 0HTLincroftCranfield£490,6005
MK43 0DXCourt RoadCranfield£484,8005
MK43 0GGArpins PightleCranfield£478,8336
MK43 1ADRedlands BankCranfield£472,9166
MK43 0JQBroad GreenCranfield£466,6663
MK43 0JLMill RoadCranfield£465,0004
MK43 0DSWillow SpringsCranfield£452,25012

Least Expensive Streets in Cranfield

PostcodeStreetAreaAverageNo. of Sales
MK43 0YQBerry YardCranfield£138,3333
MK43 0FASmallbrookCranfield£143,7086
MK43 0GFHome CloseCranfield£144,7005
MK43 0YFLower Coxs CloseCranfield£172,8857
MK43 0DGHigh StreetCranfield£220,1109
MK43 0HJMillards CloseCranfield£250,2504
MK43 0HSLincroftCranfield£251,3333
MK43 0FYFlitt Leys CloseCranfield£255,2147
MK43 0ENHigh StreetCranfield£258,3333
MK43 0BLPartridge PieceCranfield£264,3336

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