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House Prices in MK40

The average house price in MK40 (Bedford) is £286,449 using HM Land Registry data.

The average property price increased by £37,422 (26.51%) over the last 5 years and increased by £7,481 (3.99%) over the last 12 months.

Over the last year, there were 322 residential property sales – a decrease of 232 transactions (-72.05%) relative to the previous year. The majority of house sales (107) were in the £130,000 - £238,000 range. Then came properties in the £238,000 - £346,000 range, where 68 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 51 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,548 (-2%).

In June 2024, there were 74 new estate agency instructions, 58 agreed home sales and 40 property price reductions.

5-Year Average Property Prices in MK40 (Bedford)

26.51%

Property prices in Bedford increased by 26.51% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in MK40 (Bedford) Over the Last Year

3.99%

Property prices in Bedford increased by 3.99% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for MK40 (Bedford) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in MK40 (Bedford)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in MK40 (Bedford)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in MK40 (Bedford)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the MK40 (Bedford) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the MK40 postcode area since 1995.

Recent Sales in MK40 (Bedford)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
4 Tiverton Road, Bedford, MK40 3DL	£325,000	£315,000	-£10,000	08 Nov 2023	26 Apr 2024	170 Days
4 Windmill Hill, Biddenham, Bedford, MK40 4AG	£700,000	£650,000	-£50,000	26 Jul 2023	03 Apr 2024	252 Days
1 Waterloo Road, Bedford, MK40 3PQ	£700,000	£690,000	-£10,000	09 Nov 2023	28 Mar 2024	140 Days
36 Pembroke Street, Bedford, MK40 3RH	£350,000	£325,000	-£25,000	26 Dec 2023	28 Mar 2024	93 Days
1 Fontwell Close, Bedford, MK40 3UR	£290,000	£280,000	-£10,000	04 Aug 2023	28 Mar 2024	237 Days
10 Crediton Close, Bedford, MK40 3DX	£250,000	£245,000	-£5,000	04 Sep 2023	07 Mar 2024	185 Days
14 Chaucer Road, Bedford, MK40 2AJ	£750,000	£730,000	-£20,000	14 Jun 2023	05 Mar 2024	265 Days
10 Foster Hill Road, Bedford, MK40 2EN	£200,000	£200,000	£00	08 Nov 2023	28 Feb 2024	112 Days
21a, Church End, Biddenham, Bedford, MK40 4AR	£850,000	£840,000	-£10,000	31 Jul 2023	22 Feb 2024	206 Days
9 Ranworth Walk, Bedford, MK40 4NB	£250,000	£240,000	-£10,000	27 Jun 2023	01 Feb 2024	219 Days
15 Amberley Gardens, Bedford, MK40 3BT	£535,000	£535,000	£00	26 Sep 2023	26 Jan 2024	122 Days
4 Rothsay Road, Bedford, MK40 3PW	£1,100,000	£1,060,000	-£40,000	01 Aug 2023	19 Jan 2024	171 Days
46 Denmark Street, Bedford, MK40 3TQ	£350,000	£350,000	£00	29 Aug 2023	19 Jan 2024	143 Days
41 Phillpotts Avenue, Bedford, MK40 3UE	£475,000	£465,000	-£10,000	25 May 2023	20 Dec 2023	209 Days
1 St Pauls Road, Bedford, MK40 4NT	£220,000	£203,000	-£17,000	15 Nov 2023	15 Dec 2023	30 Days
Flat 45, Olivier Court, Union Street, Bedford, MK40 2UU	£200,000	£195,000	-£5,000	21 Mar 2023	15 Dec 2023	269 Days
169 Howbury Street, Bedford, MK40 3QT	£400,000	£392,500	-£7,500	07 Aug 2023	14 Dec 2023	129 Days
92 Kimbolton Road, Bedford, MK40 2PE	£750,000	£720,000	-£30,000	13 Apr 2023	29 Nov 2023	230 Days
9 Rosamond Road, Bedford, MK40 3SR	£695,000	£680,000	-£15,000	16 Dec 2022	28 Nov 2023	347 Days
19 Fleming Close, Biddenham, Bedford, MK40 4QZ	£800,000	£750,000	-£50,000	20 May 2023	24 Nov 2023	188 Days

Most Expensive Streets in MK40 (Bedford)

Postcode	Street	Area	Average	No. of Sales
MK40 3QA	Rothsay Gardens	Bedford	£1,328,000	5
MK40 4AH	Bromham Road, Biddenham	Bedford	£1,167,500	4
MK40 4AT	Biddenham Turn, Biddenham	Bedford	£1,122,500	4
MK40 4BB	Main Road, Biddenham	Bedford	£1,121,666	3
MK40 4AD	Days Lane, Biddenham	Bedford	£986,875	4
MK40 4AE	Days Lane, Biddenham	Bedford	£983,750	8
MK40 4HX	Hampden Court, Biddenham	Bedford	£974,166	6
MK40 3SA	Shaftesbury Avenue	Bedford	£878,316	3
MK40 4FH	Prestwick Road, Great Denham	Bedford	£870,000	5
MK40 4AR	Church End, Biddenham	Bedford	£855,833	3

Least Expensive Streets in MK40 (Bedford)

Postcode	Street	Area	Average	No. of Sales
MK40 1AR	Merchant Place	Bedford	£60,760	5
MK40 1AT	Pilgrims House, Horne Lane	Bedford	£90,944	9
MK40 2UX	The Limes 30-34, Linden Road	Bedford	£101,710	14
MK40 2UH	Aspley Court, Warwick Avenue	Bedford	£104,938	22
MK40 4HY	Hurst Grove	Bedford	£112,333	3
MK40 2DG	Linden Court, Linden Road	Bedford	£118,333	3
MK40 2TR	De Parys Avenue	Bedford	£126,125	4
MK40 1EA	Ashburnham Road	Bedford	£129,125	4
MK40 2JR	Hilbre Grange, Shakespeare Road	Bedford	£134,285	7
MK40 1BS	Dame Alice Street	Bedford	£134,300	5