According to the public record, 61, Palgrave Road, Bedford is a modern leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Palgrave Road, Bedford, MK42 is located within the MK42 postal district.
61, Palgrave Road, Bedford has 2 entries in the Land Registry database, most recently in August 2022 and a single entry in the EPC database dated March 2014.
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 61 Palgrave Road Bedford as £139,606 and the rental value as £768 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 61 Palgrave Road Bedford has increased by £2,109 (1.5%) and its rental value has increased by £47 per month (6.1%).
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 61, Palgrave Road, Bedford is in very good condition we estimate a sale value of £146,587 and rental value of £807 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £129,834 and a rental value of £715 per month.
If you were able to purchase this property for the estimated value of £139,606, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £686 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, 61, Palgrave Road, Bedford was last sold on 30 Aug 2022 for £136,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2022, the market for similar properties has dropped 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 61, Palgrave Road, Bedford within a radius of 480 metres over the last 2 years.
The most recent example is Flat 123, Britannia House, Palgrave Road, Bedford, MK42 9BX, a Leasehold flat which sold for £152,000 in Nov 2023.
Read more about house prices in MK42.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palgrave Road, Bedford, MK42 has a total of 342 addresses. According to our analysis of all the public data, 61, Palgrave Road, Bedford is the 281st largest and the 337th most expensive property on the street.
When compared to the postcode district it is £140k less expensive than the average property in MK42.
61, Palgrave Road, Bedford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Mar 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 61, Palgrave Road, Bedford is Bedford St Johns station which is 300 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 61, Palgrave Road, Bedford, 62.6% of property is privately rented and 16.3% 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 61, Palgrave Road, Bedford, 15.2% of residents are recorded as possessing school level qualifications and 54.1% 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 61, Palgrave Road, Bedford, the average age was 34.8 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 61, Palgrave Road, Bedford, 1.0% 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 61, Palgrave Road, Bedford, there are an average of 0.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.