According to the public record, 48, Sovereigns Quay, Bedford is a modern leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Sovereigns Quay, Bedford, MK40 is located within the MK40 postal district.
48, Sovereigns Quay, Bedford has 31 entries in the Land Registry database, most recently in April 2022 and a single entry in the EPC database dated November 2017.
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 48 Sovereigns Quay Bedford as £174,368 and the rental value as £826 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 48 Sovereigns Quay Bedford has increased by £230 (0.1%) and its rental value has increased by £39 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 48, Sovereigns Quay, Bedford is in very good condition we estimate a sale value of £183,086 and rental value of £867 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £162,162 and a rental value of £768 per month.
If you were able to purchase this property for the estimated value of £174,368, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £857 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, 48, Sovereigns Quay, Bedford was last sold on 27 Apr 2022 for £150,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Apr 2022, the market for similar properties has dropped 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48, Sovereigns Quay, Bedford within a radius of 470 metres over the last 2 years.
The most recent example is 74, Sovereigns Quay, Bedford, MK40 1TF, a Leasehold flat which sold for £190,000 in Dec 2023.
Read more about house prices in MK40.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sovereigns Quay, Bedford, MK40 has a total of 66 addresses. According to our analysis of all the public data, 48, Sovereigns Quay, Bedford is the 36th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £145k less expensive than the average property in MK40.
48, Sovereigns Quay, Bedford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Nov 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to 48, Sovereigns Quay, 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 48, Sovereigns Quay, Bedford, 46.0% of property is privately rented and 30.2% 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 48, Sovereigns Quay, Bedford, 13.1% 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 48, Sovereigns Quay, 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 48, Sovereigns Quay, Bedford, 0.4% 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 48, Sovereigns Quay, Bedford, there are an average of 0.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.