According to the public record, Flat 4, 2, Milton Road, Bedford is a period leasehold apartment with 279 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 2, Milton Road, Bedford, MK40.
Milton Road, Bedford, MK40 is located within the MK40 postal district.
Flat 4, 2, Milton Road, Bedford has 2 entries in the Land Registry database, most recently in July 2015 and a single entry in the EPC database dated April 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 Flat 4 2 Milton Road Bedford as £86,342 and the rental value as £519 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 4 2 Milton Road Bedford has increased by £1,213 (1.4%) and its rental value has increased by £31 per month (6.0%).
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 Flat 4, 2, Milton Road, Bedford is in very good condition we estimate a sale value of £90,659 and rental value of £544 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £80,298 and a rental value of £482 per month.
If you were able to purchase this property for the estimated value of £86,342, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £424 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, Flat 4, 2, Milton Road, Bedford was last sold on 10 Jul 2015 for £65,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2015, the market for similar properties has risen 25.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 2, Milton Road, Bedford within a radius of 430 metres over the last 2 years.
The most recent example is 8, Beaumont House 69, Shakespeare Road, Bedford, MK40 2DW, a Leasehold flat which sold for £67,500 in Apr 2019.
Read more about house prices in MK40.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Milton Road, Bedford, MK40 has a total of 20 addresses. According to our analysis of all the public data, Flat 4, 2, Milton Road, Bedford is the 19th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £233k less expensive than the average property in MK40.
Flat 4, 2, Milton Road, Bedford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 08 Apr 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric heaters.
The closest station to Flat 4, 2, Milton Road, Bedford is Bedford station which is 600 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 Flat 4, 2, Milton Road, Bedford, 38.0% of property is privately rented and 31.5% 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 Flat 4, 2, Milton Road, Bedford, 11.9% of residents are recorded as possessing school level qualifications and 34.4% 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 Flat 4, 2, Milton Road, Bedford, the average age was 40.9 and the most common age was 27.
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 Flat 4, 2, Milton Road, Bedford, 2.3% 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 Flat 4, 2, Milton 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.