According to the public record, 58B, St. Michaels Road, Bedford is a period leasehold apartment with 344 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 58, St. Michaels Road, Bedford, MK40.
St. Michaels Road, Bedford, MK40 is located within the MK40 postal district.
58B, St. Michaels Road, Bedford has 41 entries in the Land Registry database, most recently in July 2007 and a single entry in the EPC database dated September 2015.
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 58B St. Michaels Road Bedford as £121,620 and the rental value as £730 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 58B St. Michaels Road Bedford has increased by £1,236 (1.0%) and its rental value has increased by £42 per month (5.7%).
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 58B, St. Michaels Road, Bedford is in very good condition we estimate a sale value of £127,700 and rental value of £767 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £113,106 and a rental value of £679 per month.
If you were able to purchase this property for the estimated value of £121,620, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £598 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, 58B, St. Michaels Road, Bedford was last sold on 06 Jul 2007 for £95,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jul 2007, the market for similar properties has risen 37.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 58B, St. Michaels Road, Bedford within a radius of 650 metres over the last 2 years.
The most recent example is 40C, St. Augustines Road, Bedford, MK40 2ND, a Leasehold flat which sold for £130,000 in Sep 2022.
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, 58B, St. Michaels Road, Bedford is the 174th largest and the 155th most expensive property on the street.
When compared to the postcode district it is £198k less expensive than the average property in MK40.
58B, St. Michaels Road, Bedford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Sep 2015.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 58B, 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 58B, St. Michaels Road, Bedford, 52.9% of property is privately rented and 25.7% 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 58B, St. Michaels Road, Bedford, 11.7% of residents are recorded as possessing school level qualifications and 35.1% 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 58B, 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 58B, St. Michaels Road, Bedford, 0.8% 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 58B, St. Michaels Road, 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.