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According to the public record, 5, Melchbourne Park, Bedford is a period leasehold apartment with 1,758 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Melchbourne Park, Bedford is £497,048 and the estimated rental value is £2,055 per month.
Melchbourne Park, Melchbourne, Bedford, MK44 is located within the MK44 postal district.
5, Melchbourne Park, Bedford has 41 entries in the Land Registry , most recently in March 2022 and a single entry in the EPC database dated April 2010.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 5, Melchbourne Park, Bedford is in very good condition we estimate a sale value of £521,900 and a rental value of £2,158 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £462,254 and a rental value of £1,911 per month.
Over the last 12 months the sale value of 5 Melchbourne Park Bedford has decreased by an estimated £7,192 (1.4%) and its rental value has increased by an estimated £8 per month (0.4%), giving an expected gross yield of 5%.
5, Melchbourne Park, Bedford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 22 Apr 2010.
The property is not connected to mains gas and has full secondary glazing. It is heated using Electric storage heaters.
According to HM Land Registry, 5, Melchbourne Park, Bedford was last sold on 14th March 2022 for £485,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since March 2022, the market for similar properties has dropped 55.4%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 5, Melchbourne Park, Bedford within a radius of 6.0 kilometres over the last 2 years.
The most recent example is 6, Melchbourne Park, Bedford, MK44 1BD, a leasehold flat which sold for £285,000 on the 5th December 2014.
Read more about house prices in MK44.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melchbourne Park, Melchbourne, Bedford, MK44 has a total of 16 addresses. According to our analysis of all the public data, 5, Melchbourne Park, Bedford is the 10th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £29k more expensive than the average property in MK44.
The closest station to 5, Melchbourne Park, Bedford is Wellingborough station which is 13.0 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 5, Melchbourne Park, Bedford, 45.7% of property is privately owned outright and 32.7% is privately owned with a mortgage.
The graph below shows how this compares to East of England 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 5, Melchbourne Park, Bedford, 18.3% of residents are recorded as possessing school level qualifications and 50.6% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 5, Melchbourne Park, Bedford, the average age was 46 and the most common age was 57.
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 5, Melchbourne Park, Bedford, 2.6% 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 5, Melchbourne Park, Bedford, there are an average of 1.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
