According to the public record, 2, Otter Walk, Bedford is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,099 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Otter Walk, Bedford, MK41 is located within the MK41 postal district.
2, Otter Walk, Bedford has 41 entries in the Land Registry database, most recently in June 2020 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Otter Walk Bedford as £333,787 and the rental value as £1,479 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 2 Otter Walk Bedford has decreased by £5,196 (1.6%) and its rental value has increased by £45 per month (3.0%).
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 2, Otter Walk, Bedford is in very good condition we estimate a sale value of £350,476 and rental value of £1,553 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £310,422 and a rental value of £1,376 per month.
If you were able to purchase this property for the estimated value of £333,787, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,640 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, 2, Otter Walk, Bedford was last sold on 26 Jun 2020 for £285,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Jun 2020, the market for similar properties has risen 12.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Otter Walk, Bedford within a radius of 630 metres over the last 2 years.
The most recent example is 31, Wansbeck Road, Bedford, MK41 7UE, a Freehold house which sold for £330,000 in Apr 2023.
Read more about house prices in MK41.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Otter Walk, Bedford, MK41 has a total of 10 addresses. According to our analysis of all the public data, 2, Otter Walk, Bedford is the largest and the most expensive property on the street.
When compared to the postcode district it is £4k less expensive than the average property in MK41.
The closest station to 2, Otter Walk, Bedford is Bedford station which is 3.0 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 2, Otter Walk, Bedford, 52.5% of property is socially rented and 27.3% 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 2, Otter Walk, Bedford, 14.2% of residents are recorded as possessing school level qualifications and 24.4% 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 2, Otter Walk, 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 2, Otter Walk, 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 2, Otter Walk, Bedford, there are an average of 0.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.