MK40 2LH is a residential postcode situated on Pemberley Avenue, Bedford, MK40 with 15 addresses.
It ranks as the 366th largest and 309th most expensive of the 837 postcodes in the MK40 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 15 properties: 15 flats.
MK40 2LH is a residential postcode situated on Pemberley Avenue, Bedford, MK40 with 15 addresses.
It ranks as the 366th largest and 309th most expensive of the 837 postcodes in the MK40 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 15 properties: 15 flats.
Sale prices range from £189,299 for 2 bedroom leasehold flats with a balcony (581 ft2) to £240,928 for 3 bedroom leasehold flats with a balcony (925 ft2) .
Monthly rental prices range from £933 pcm for 2 bed flats to £1,141 pcm for 3 bed flats.
The gross rental yield is between 5.5% and 5.9%.
The average value per square foot is £269.
The last sale in MK40 2LH sold for £226,000 on 11th October 2024. Since then prices are down an average of 0.9%.
The current average value in the postcode is £218,407.
The MK40 2LH Sales Market has increased by 14.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.3% | £218,407 |
| April 2025 | 0.3% | £221,391 |
| April 2024 | 0% | £220,751 |
| April 2023 | -0.2% | £220,745 |
| April 2022 | 5.6% | £221,131 |
| April 2021 | 2.1% | £209,376 |
| April 2020 | 0.8% | £205,083 |
| April 2019 | -1.3% | £203,480 |
| April 2018 | 1.4% | £206,231 |
| April 2017 | 6.6% | £203,430 |
| April 2016 | 9.1% | £190,881 |
| April 2015 | 8% | £174,949 |
| April 2014 | 7.4% | £161,990 |
| April 2013 | 0.5% | £150,774 |
| April 2012 | -1.9% | £149,996 |
| April 2011 | 0.7% | £152,882 |
| April 2010 | 2.9% | £151,864 |
| April 2009 | -16.4% | £147,642 |
| April 2008 | 1.7% | £176,511 |
| April 2007 | 0% | £173,591 |
The current average rental value in the postcode is £1,032.
The MK40 2LH Rental Market has increased by 29.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -1.1% | £1,032pcm |
| April 2025 | 3% | £1,043pcm |
| April 2024 | 7.7% | £1,013pcm |
| April 2023 | 7% | £940pcm |
| April 2022 | 2.7% | £878pcm |
| April 2021 | 5.3% | £855pcm |
| April 2020 | 0.7% | £812pcm |
| April 2019 | 0.7% | £807pcm |
| April 2018 | -2.6% | £801pcm |
| April 2017 | 2.9% | £822pcm |
| April 2016 | 8% | £799pcm |
| April 2015 | 5.4% | £740pcm |
| April 2014 | 2.3% | £702pcm |
| April 2013 | 1.2% | £686pcm |
| April 2012 | 0.7% | £678pcm |
| April 2011 | 1.5% | £673pcm |
| April 2010 | -2.9% | £663pcm |
| April 2009 | -6.7% | £683pcm |
| April 2008 | 3% | £732pcm |
| April 2007 | 0% | £711pcm |
The last sale was on 11th October 2024 for £226,000 and since then the market in the area has decreased by 0.9%. The postcode has had a total of 32 sales since 1995.
MK40 2LH has seen 1 sale in the last three years and no sales in the last twelve months.
MK40 2LH is the 366th largest and the 309th most expensive postcode out of the 837 postcodes in the MK40 area.
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The closest station to MK40 2LH is Bedford station which is 1.6 kilometres away.
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