According to the public record, 23A, St. Michaels Road, Bedford is a period leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 23, St. Michaels Road, Bedford, MK40.
St. Michaels Road, Bedford, MK40 is located within the MK40 postal district.
23A, St. Michaels Road, Bedford has a single entry in the Land Registry database from March 2016 and a single entry in the EPC database dated August 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 23A St. Michaels Road Bedford as £180,270 and the rental value as £902 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 23A St. Michaels Road Bedford has increased by £189 (0.1%) and its rental value has increased by £43 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 23A, St. Michaels Road, Bedford is in very good condition we estimate a sale value of £189,284 and rental value of £947 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £167,651 and a rental value of £839 per month.
If you were able to purchase this property for the estimated value of £180,270, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £886 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, 23A, St. Michaels Road, Bedford was last sold on 04 Mar 2016 for £152,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2016, the market for similar properties has risen 19.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23A, St. Michaels Road, Bedford within a radius of 620 metres over the last 2 years.
The most recent example is Flat 1, 26, St. Andrews Road, Bedford, MK40 2LJ, a Leasehold flat which sold for £159,000 in Feb 2024.
Read more about house prices in MK40.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
St. Michaels Road, Bedford, MK40 has a total of 180 addresses. According to our analysis of all the public data, 23A, St. Michaels Road, Bedford is the 93rd largest and the 57th most expensive property on the street.
When compared to the postcode district it is £139k less expensive than the average property in MK40.
23A, St. Michaels Road, Bedford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Aug 2017.
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 23A, St. Michaels Road, Bedford is Bedford station which is 1.7 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 23A, St. Michaels Road, Bedford, 34.4% of property is socially rented and 25.4% 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 23A, St. Michaels Road, Bedford, 21.9% of residents are recorded as possessing school level qualifications and 47.1% 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 23A, St. Michaels Road, Bedford, the average age was 41.3 and the most common age was 22.
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 23A, St. Michaels Road, Bedford, 1.7% 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 23A, St. Michaels Road, Bedford, there are an average of 0.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.