According to the public record, 8, Spring Road, Bedford is a period freehold house with 1,291 ft2 of internal area and sits on a 247 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Spring Road, Kempston, Bedford, MK42 is located within the MK42 postal district.
8, Spring Road, Bedford has 2 entries in the Land Registry database, most recently in October 2023 and a single entry in the EPC database dated April 2023.
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 8 Spring Road Bedford as £350,477 and the rental value as £1,406 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 8 Spring Road Bedford has decreased by £3,371 (1.0%) and its rental value has increased by £50 per month (3.6%).
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 8, Spring Road, Bedford is in very good condition we estimate a sale value of £368,001 and rental value of £1,477 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £325,944 and a rental value of £1,308 per month.
If you were able to purchase this property for the estimated value of £350,477, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,722 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, 8, Spring Road, Bedford sits on a plot of 247m2.
We have plot size data on 9 out of 17 other houses in the postcode and 8, Spring Road, Bedford sits on the 8th largest plot.
According to HM Land Registry, 8, Spring Road, Bedford was last sold on 31 Oct 2023 for £350,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2023, the market for similar properties has dropped 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Spring Road, Bedford within a radius of 610 metres over the last 2 years.
The most recent example is 16, Spring Road, Bedford, MK42 8LP, a Freehold house which sold for £420,000 in Nov 2023.
Read more about house prices in MK42.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spring Road, Kempston, Bedford, MK42 has a total of 205 addresses. According to our analysis of all the public data, 8, Spring Road, Bedford is the 57th largest and the 75th most expensive property on the street.
When compared to the postcode district it is £70k more expensive than the average property in MK42.
8, Spring Road, Bedford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 26 Apr 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 8, Spring Road, Bedford is Bedford St Johns station which is 1.3 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 8, Spring Road, Bedford, 41.4% of property is privately owned outright and 32.3% is privately owned with a mortgage.
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 8, Spring Road, Bedford, 20.5% of residents are recorded as possessing school level qualifications and 29.3% 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 8, Spring Road, Bedford, the average age was 39.6 and the most common age was 42.
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 8, Spring Road, Bedford, 1.4% 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 8, Spring Road, Bedford, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.