Park Avenue - MK40 2LR
Key Postcode Insights
MK40 2LR is a residential postcode situated on Park Avenue, Bedford, MK40 with 15 addresses.
It ranks as the 361st largest and 779th most expensive of the 835 postcodes in the MK40 area. The most common property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 15 properties: 5 houses, 9 flats and 1 other property.
- Ave. Sale Price
- £780,072
- 10 Year change
- up 20.8%
- Ave. Rental Price
- £2,925pcm
- 10 Year change
- up 38.5%
- Ave. £ per ft²
- £487/ft²
- Ave. Gross Yield
- 4.5%/year/yr
Key Postcode Insights
MK40 2LR is a residential postcode situated on Park Avenue, Bedford, MK40 with 15 addresses.
It ranks as the 361st largest and 779th most expensive of the 835 postcodes in the MK40 area. The most common property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 15 properties: 5 houses, 9 flats and 1 other property.
- Ave. Sale Price
- £780,072
- 10 Year change
- up 20.8%
- Ave. Rental Price
- £2,925pcm
- 10 Year change
- up 38.5%
- Ave. £ per ft²
- £487/ft²
- Ave. Gross Yield
- 4.5%/year/yr
Explore Properties in MK40 2LR
- 26 Park Avenue
5 Bed Period House
- 27 Park Avenue
5 Bed Modern House
- 28 Park Avenue
Building | 4 Flats
- 30 Park Avenue
5 Bed Mid-century House
- 31 Park Avenue
Mid-century Building | 5 Units
Sales Market Trends
The last sale in MK40 2LR sold for £690,000 on 12th June 2025. Since then prices are down an average of 1.4%.
The current average value in the postcode is £780,072.
The MK40 2LR Sales Market has increased by 20.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1% | £780,072 |
| June 2025 | 1.4% | £787,711 |
| June 2024 | -0.5% | £776,495 |
| June 2023 | 0.1% | £780,140 |
| June 2022 | 7.6% | £779,205 |
| June 2021 | 4.3% | £724,439 |
| June 2020 | 0.7% | £694,273 |
| June 2019 | -0.8% | £689,451 |
| June 2018 | 1.6% | £694,718 |
| June 2017 | 5.8% | £683,470 |
| June 2016 | 10.5% | £645,737 |
| June 2015 | 8.5% | £584,193 |
| June 2014 | 8.4% | £538,513 |
| June 2013 | 0.6% | £496,560 |
| June 2012 | -0.9% | £493,513 |
| June 2011 | -0.1% | £498,067 |
| June 2010 | 7% | £498,608 |
| June 2009 | -12.2% | £466,185 |
| June 2008 | -1.9% | £530,988 |
| June 2007 | 0% | £541,502 |
Rental Market Trends
The current average rental value in the postcode is £2,925.
The MK40 2LR Rental Market has increased by 38.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.3% | £2,925pcm |
| June 2025 | 3.3% | £2,860pcm |
| June 2024 | 6.9% | £2,769pcm |
| June 2023 | 7.8% | £2,589pcm |
| June 2022 | 5.4% | £2,402pcm |
| June 2021 | 6.4% | £2,279pcm |
| June 2020 | 1.1% | £2,141pcm |
| June 2019 | 0.2% | £2,117pcm |
| June 2018 | -2.5% | £2,112pcm |
| June 2017 | 2.6% | £2,166pcm |
| June 2016 | 8.7% | £2,112pcm |
| June 2015 | 6.5% | £1,942pcm |
| June 2014 | 2.9% | £1,824pcm |
| June 2013 | 1.7% | £1,773pcm |
| June 2012 | 1.2% | £1,743pcm |
| June 2011 | 1.7% | £1,723pcm |
| June 2010 | 1% | £1,694pcm |
| June 2009 | -6.5% | £1,678pcm |
| June 2008 | 2.1% | £1,795pcm |
| June 2007 | 0% | £1,757pcm |
Sales History
The last recorded sale was on 12th June 2025 for £690,000 and since then the market in the area has decreased by 1.4%.
MK40 2LR has had 3 sales since 1995, with 2 in the last three years and none in the last twelve months.
- Sold Jun 2025£690,000 | 3 Bed FlatFlat 2, 28, Park Avenue, Bedford, MK40 2LRFlat 2, 28, Park Avenue, Bedford, MK40 2LR
- Sold May 2024£1,050,000 | 6 Bed House30, Park Avenue, Bedford, MK40 2LR30, Park Avenue, Bedford, MK40 2LR
- Sold Sep 2019£590,000 | 3 Bed FlatFlat 1, 28, Park Avenue, Bedford, MK40 2LRFlat 1, 28, Park Avenue, Bedford, MK40 2LR
Nearby Postcodes
MK40 2LR is the 361st largest and the 779th most expensive postcode out of the 835 postcodes in the MK40 area.
- MK40 2LS, St. Georges Road, Bedford, MK40MK40 2LS30 Addresses|69 m away
- MK40 2LW, St. Andrews Road, Bedford, MK40MK40 2LW14 Addresses|107 m away
- MK40 2LN, Hale Lodge, Bedford, MK40MK40 2LN12 Addresses|129 m away
- MK40 2LP, Park Avenue, Bedford, MK40MK40 2LP9 Addresses|137 m away
- MK40 2NA, St. Augustines Road, Bedford, MK40MK40 2NA6 Addresses|142 m away
Property Types
- 3 period houses built between 1800 and 1911
- 1 modern house built after 1980
- 1 mid-century house built between 1936 and 1979
- 9 mid-century flats built between 1936 and 1979
- 1 other address of unknown type
- period house (3)
- modern house (1)
- mid-century house (1)
- mid-century flat (9)
- Unknown (1)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 9 properties.
- The most common rating is D.
- A (0)
- E (2)
- B (0)
- F (0)
- C (2)
- G (0)
- D (5)
- No EPC (6)
Top 3 Most Expensive Sales
- Sold Apr 2022£1,050,000 | 6 Bed House41, Park Avenue, Bedford, MK40 2NF41, Park Avenue, Bedford, MK40 2NF
- Sold May 2024£1,050,000 | 6 Bed House30, Park Avenue, Bedford, MK40 2LR30, Park Avenue, Bedford, MK40 2LR
- Sold Sep 2015£992,000 | 6 Bed House26, Park Avenue, Bedford, MK40 2LR26, Park Avenue, Bedford, MK40 2LR
Schools Nearby
- St John Rigby Catholic Primary School900 m away
- Castle Newnham School900 m away
- Brickhill Primary School1.0 km away
- Castle Newnham School600 m away
- Goldington Academy1.2 km away
- St Thomas More Catholic School1.7 km away
More reading links
Public Transport Nearby
The closest station to MK40 2LR is Bedford station, which is 1.8 kilometres away.
- Bedford|1.8 km away
- Bedford St Johns|2.0 km away
- Kempston Hardwick|6.8 km away
- Stewartby|9.6 km away
