According to the public record, 5B, Richmond Road, Bedford is a period apartment with 1,173 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 5, Richmond Road, Bedford, MK40.
Richmond Road, Bedford, MK40 is located within the MK40 postal district.
5B, Richmond Road, Bedford has no recent1 records in the Land Registry database and a single entry in the EPC database dated May 2019.
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 reasonable condition, we estimate the current sale value for 5B Richmond Road Bedford as £265,766 and the rental value as £1,160 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 5B Richmond Road Bedford has decreased by £2,007 (0.8%) and its rental value has increased by £45 per month (3.8%).
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 5B, Richmond Road, Bedford is in very good condition we estimate a sale value of £279,055 and rental value of £1,218 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £247,163 and a rental value of £1,079 per month.
If you were able to purchase this property for the estimated value of £265,766, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,306 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, 5B, Richmond Road, Bedford was last sold on 29 Jul 2005 for £61,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5B, Richmond Road, Bedford within a radius of 450 metres over the last 2 years.
The most recent example is 26, Goldington Road, Bedford, MK40 3DY, a Leasehold flat which sold for £290,000 in Jul 2023.
Read more about house prices in MK40.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richmond Road, Bedford, MK40 has a total of 25 addresses. According to our analysis of all the public data, 5B, Richmond Road, Bedford is the 18th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £54k less expensive than the average property in MK40.
5B, Richmond Road, Bedford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 May 2019.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 5B, Richmond Road, Bedford is Bedford St Johns 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 5B, Richmond Road, Bedford, 48.7% of property is privately rented and 30.4% 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 5B, Richmond Road, Bedford, 18.8% of residents are recorded as possessing school level qualifications and 46.1% 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 5B, Richmond 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 5B, Richmond Road, 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 5B, Richmond Road, Bedford, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.