MK40 3AE is a residential postcode situated on Merton Road, Bedford, MK40 with 27 addresses.
It ranks as the 578th largest and 239th 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 27 properties: 27 flats.
MK40 3AE is a residential postcode situated on Merton Road, Bedford, MK40 with 27 addresses.
It ranks as the 578th largest and 239th 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 27 properties: 27 flats.
Sale prices range from £159,860 for 1 bedroom leasehold flats (473 ft2) to £189,438 for 2 bedroom leasehold flats (667 ft2) .
Monthly rental prices range from £849 pcm for 1 bed flats to £982 pcm for 2 bed flats.
The gross rental yield is between 6.2% and 6.5%.
The average value per square foot is £297.
The last sale in MK40 3AE sold for £185,000 on 19th February 2026. Since then prices are down an average of 0.9%.
The current average value in the postcode is £176,470.
The MK40 3AE Sales Market has increased by 17.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.4% | £176,470 |
| April 2025 | 1.3% | £174,002 |
| April 2024 | -0.3% | £171,699 |
| April 2023 | -0.2% | £172,184 |
| April 2022 | 6.1% | £172,468 |
| April 2021 | 2.5% | £162,582 |
| April 2020 | 0.3% | £158,596 |
| April 2019 | -2.3% | £158,123 |
| April 2018 | 0.6% | £161,786 |
| April 2017 | 6.8% | £160,805 |
| April 2016 | 11.1% | £150,545 |
| April 2015 | 8.6% | £135,461 |
| April 2014 | 7.7% | £124,716 |
| April 2013 | 0.1% | £115,760 |
| April 2012 | -2.4% | £115,590 |
| April 2011 | 0.3% | £118,391 |
| April 2010 | 2.9% | £118,035 |
| April 2009 | -16.2% | £114,762 |
| April 2008 | 2.2% | £136,982 |
| April 2007 | 0% | £134,073 |
The current average rental value in the postcode is £929.
The MK40 3AE Rental Market has increased by 32.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.7% | £929pcm |
| April 2025 | 4% | £913pcm |
| April 2024 | 7.4% | £878pcm |
| April 2023 | 7.1% | £817pcm |
| April 2022 | 3.2% | £763pcm |
| April 2021 | 5.8% | £740pcm |
| April 2020 | 0.2% | £700pcm |
| April 2019 | -0.2% | £698pcm |
| April 2018 | -3.4% | £700pcm |
| April 2017 | 3.2% | £725pcm |
| April 2016 | 10.1% | £702pcm |
| April 2015 | 6% | £638pcm |
| April 2014 | 2.6% | £602pcm |
| April 2013 | 0.8% | £587pcm |
| April 2012 | 0.2% | £582pcm |
| April 2011 | 1.1% | £581pcm |
| April 2010 | -2.9% | £575pcm |
| April 2009 | -6.5% | £592pcm |
| April 2008 | 3.5% | £633pcm |
| April 2007 | 0% | £612pcm |
The last sale was on 19th February 2026 for £185,000 and since then the market in the area has decreased by 0.9%. The postcode has had a total of 70 sales since 1995.
MK40 3AE has seen 3 sales in the last three years and 2 sales in the last twelve months.
MK40 3AE is the 578th largest and the 239th most expensive postcode out of the 837 postcodes in the MK40 area.
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The closest station to MK40 3AE is Bedford St Johns station which is 1.6 kilometres away.
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