According to the public record, 20, Melrose Drive, Bedford is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,852 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Melrose Drive, Elstow, Bedford, MK42 is located within the MK42 postal district.
20, Melrose Drive, Bedford has 21 entries in the Land Registry database, most recently in March 2007 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 20 Melrose Drive Bedford as £498,009 and the rental value as £1,720 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of 20 Melrose Drive Bedford has decreased by £8,231 (1.7%) and its rental value has increased by £49 per month (2.8%).
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 20, Melrose Drive, Bedford is in very good condition we estimate a sale value of £522,910 and rental value of £1,806 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £463,148 and a rental value of £1,600 per month.
If you were able to purchase this property for the estimated value of £498,009, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,448 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, 20, Melrose Drive, Bedford was last sold on 15 Mar 2007 for £374,950 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2007, the market for similar properties has risen 62.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 20, Melrose Drive, Bedford within a radius of 1.0 kilometres over the last 2 years.
The most recent example is 11, Melrose Drive, Bedford, MK42 9FH, a Freehold house which sold for £475,000 in May 2021.
Read more about house prices in MK42.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melrose Drive, Elstow, Bedford, MK42 has a total of 44 addresses. According to our analysis of all the public data, 20, Melrose Drive, Bedford is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £218k more expensive than the average property in MK42.
The closest station to 20, Melrose Drive, Bedford is Bedford St Johns station which is 2.0 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 20, Melrose Drive, Bedford, 52.9% of property is privately owned with a mortgage and 29.3% 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 20, Melrose Drive, Bedford, 21.7% of residents are recorded as possessing school level qualifications and 41.6% 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 20, Melrose Drive, Bedford, the average age was 37.4 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 20, Melrose Drive, 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 20, Melrose Drive, Bedford, there are an average of 1.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.