According to the public record, 1, Mersey Way, Bedford is a mid-century freehold house with 839 ft2 of internal area and sits on a 225 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Mersey Way, Bedford, MK41 is located within the MK41 postal district.
1, Mersey Way, Bedford has 3 entries in the Land Registry database, most recently in January 2019 and a single entry in the EPC database dated December 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Mersey Way Bedford as £295,865 and the rental value as £1,308 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 1 Mersey Way Bedford has increased by £14 (0.0%) and its rental value has increased by £61 per month (4.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Mersey Way, Bedford is in very good condition we estimate a sale value of £310,658 and rental value of £1,374 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £275,154 and a rental value of £1,217 per month.
If you were able to purchase this property for the estimated value of £295,865, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,454 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1, Mersey Way, Bedford sits on a plot of 225m2.
We have plot size data on 9 out of 19 other houses in the postcode and 1, Mersey Way, Bedford sits on the largest plot.
According to HM Land Registry, 1, Mersey Way, Bedford was last sold on 31 Jan 2019 for £241,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jan 2019, the market for similar properties has risen 18.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Mersey Way, Bedford within a radius of 740 metres over the last 2 years.
The most recent example is 25, Lune Walk, Bedford, MK41 7BG, a Freehold house which sold for £250,000 in Oct 2023.
Read more about house prices in MK41.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mersey Way, Bedford, MK41 has a total of 19 addresses. According to our analysis of all the public data, 1, Mersey Way, Bedford is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £42k less expensive than the average property in MK41.
1, Mersey Way, Bedford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Dec 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Mersey Way, Bedford is Bedford station which is 2.8 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 1, Mersey Way, Bedford, 41.5% of property is privately rented and 26.0% is privately owned outright.
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 1, Mersey Way, Bedford, 18.9% of residents are recorded as possessing school level qualifications and 29.6% 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 1, Mersey Way, Bedford, the average age was 44.7 and the most common age was 57.
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 1, Mersey Way, Bedford, 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 1, Mersey Way, Bedford, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.