MK40 4LZ is a residential postcode located on Ormesby Way, Bedford, MK40. It is the 696th largest postcode in the MK40 area.
It contains 22 houses and 12 unknown and the most common type of property is a mid-century house built between 1936 and 1979.
The average house value is £285,614. Sales values have increased in the last 12 months by 1.1% and Rental values have increased by 5.7%.
Property sale values range from £264,226 for a freehold house, with 3 bedrooms split across 834 square feet of gross internal area and has a garden to £482,625 for a freehold house, with 5 bedrooms split across 2,228 square feet of gross internal area and has a garden.
Average £/ft2 for properties in MK40 4LZ is £345/ft2.
Properties achieve a rental yield of between 4.9% and 5.7%, and rental values range from £1,250 to £1,972 per month.
The last sale was 17 Feb 2023 for £275,000 and since then the market in the area has increased by 0.1%. The postcode has had a total of 4 sales since 1995.
MK40 4LZ has seen 4 sales in the last three years and no sales in the last twelve months.
MK40 4LZ is the 696th largest and the 463rd most expensive postcode out of the 860 postcodes in the MK40 area.
MK40 4LZ is the 696th largest and the 463rd most expensive postcode out of the 860 postcodes in the MK40 area.
MK40 4LZ is a residential postcode located on Ormesby Way, Bedford, MK40 with 22 houses and 12 unknown within its bounds.
The most common property type in MK40 4LZ is a mid-century house built between 1936 and 1979.
The homes with certificates are generally mid-century in style with the most common Energy Performance Certificate (EPC) rating being D.
The closest station to MK40 4LZ is Bedford station which is 1.1 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around MK40 4LZ, 32.1% of property is privately owned outright and 28.4% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around MK40 4LZ, 23.4% of residents are recorded as possessing school level qualifications and 26.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around MK40 4LZ, the average age was 32.8 and the most common age was 32.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around MK40 4LZ, 0.0% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around MK40 4LZ, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.