According to the public record, 3, Banks Close, Bedford is a modern house with 807 ft2 of internal area and sits on a 1,918 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Banks Close, Shortstown, Bedford, MK42 is located within the MK42 postal district.
3, Banks Close, Bedford has no records in the Land Registry database and a single entry in the EPC database dated February 2021.
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 good condition, we estimate the current sale value for 3 Banks Close Bedford as £303,303 and the rental value as £1,205 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 3 Banks Close Bedford has decreased by £1,056 (0.3%) and its rental value has increased by £51 per month (4.3%).
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 3, Banks Close, Bedford is in very good condition we estimate a sale value of £318,468 and rental value of £1,265 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £282,072 and a rental value of £1,120 per month.
If you were able to purchase this property for the estimated value of £303,303, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,491 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, 3, Banks Close, Bedford sits on a plot of 1918m2.
We have plot size data on 13 out of 15 other houses in the postcode and 3, Banks Close, Bedford sits on the 2nd largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Banks Close, Bedford within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 8, Banks Close, Bedford, MK42 0LL, a Leasehold house which sold for £123,750 in Apr 2024.
Read more about house prices in MK42.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Banks Close, Shortstown, Bedford, MK42 has a total of 19 addresses. According to our analysis of all the public data, 3, Banks Close, Bedford is the 6th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £23k more expensive than the average property in MK42.
3, Banks Close, Bedford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Feb 2021.
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 3, Banks Close, Bedford is Bedford St Johns station which is 3.6 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 3, Banks Close, Bedford, 45.0% of property is privately rented and 22.9% 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 3, Banks Close, Bedford, 14.6% of residents are recorded as possessing school level qualifications and 32.0% 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 3, Banks Close, 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 3, Banks Close, Bedford, 1.2% 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 3, Banks Close, 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.