According to the public record, 10, Mercia Road, Bedford is a modern leasehold apartment with 684 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Mercia Road, Great Denham, Bedford, MK40 is located within the MK40 postal district.
10, Mercia Road, Bedford has 2 entries in the Land Registry database, most recently in November 2015 and a single entry in the EPC database dated June 2022.
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 10 Mercia Road Bedford as £192,117 and the rental value as £909 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 10 Mercia Road Bedford has decreased by £460 (0.2%) and its rental value has increased by £40 per month (4.4%).
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 10, Mercia Road, Bedford is in very good condition we estimate a sale value of £201,723 and rental value of £954 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £178,669 and a rental value of £845 per month.
If you were able to purchase this property for the estimated value of £192,117, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £944 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 HM Land Registry, 10, Mercia Road, Bedford was last sold on 30 Nov 2015 for £159,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2015, the market for similar properties has risen 17.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 10, Mercia Road, Bedford within a radius of 870 metres over the last 2 years.
The most recent example is 13, Kingswood Way, Bedford, MK40 4GH, a Leasehold flat which sold for £195,000 in Dec 2023.
Read more about house prices in MK40.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mercia Road, Great Denham, Bedford, MK40 has a total of 15 addresses. According to our analysis of all the public data, 10, Mercia Road, Bedford is the 8th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £128k less expensive than the average property in MK40.
10, Mercia Road, Bedford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Jun 2022.
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 10, Mercia Road, Bedford is Bedford station which is 2.3 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 10, Mercia Road, Bedford, 43.8% of property is privately owned with a mortgage and 19.6% is socially 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 10, Mercia Road, Bedford, 34.1% of residents are recorded as possessing school level qualifications and 43.0% 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 10, Mercia Road, Bedford, the average age was 38.9 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 10, Mercia Road, Bedford, 0.6% 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 10, Mercia Road, Bedford, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.