According to the public record, 1 Merchant Place, Riverside Square, Bedford is a modern apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 1, Riverside Square, Bedford, MK40.
Riverside Square, Bedford, MK40 is located within the MK40 postal district.
1 Merchant Place, Riverside Square, Bedford has no records in the Land Registry database and a single entry in the EPC database dated August 2017.
We combine this information with public data 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 Merchant Place Riverside Square Bedford as £69,964 and the rental value as £411 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 1 Merchant Place Riverside Square Bedford has increased by £92 (0.1%) and its rental value has increased by £19 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 Merchant Place, Riverside Square, Bedford is in very good condition we estimate a sale value of £73,462 and rental value of £431 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £65,066 and a rental value of £382 per month.
If you were able to purchase this property for the estimated value of £69,964, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £344 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 Merchant Place, Riverside Square, Bedford within a radius of 420 metres over the last 2 years.
The most recent example is 11 Merchant Place, Riverside Square, Bedford, MK40 1AR, a Leasehold flat which sold for £66,000 in Dec 2022.
Read more about house prices in MK40.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Riverside Square, Bedford, MK40 has a total of 76 addresses. According to our analysis of all the public data, 1 Merchant Place, Riverside Square, Bedford is the 47th largest and the 63rd most expensive property on the street.
When compared to the postcode district it is £250k less expensive than the average property in MK40.
1 Merchant Place, Riverside Square, Bedford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Aug 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 1 Merchant Place, Riverside Square, Bedford is Bedford St Johns station which is 600 metres 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 Merchant Place, Riverside Square, Bedford, 35.4% of property is privately owned outright and 30.8% is privately rented.
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 Merchant Place, Riverside Square, Bedford, 41.9% of residents are recorded as possessing school level qualifications and 31.5% 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 Merchant Place, Riverside Square, Bedford, the average age was 38.6 and the most common age was 27.
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 Merchant Place, Riverside Square, Bedford, 0.8% 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 Merchant Place, Riverside Square, Bedford, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.