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Bedford House Prices Bedford House Prices

The average house price in Bedford is £294,231 using HM Land Registry data.

The average property price increased by £68,874 (23.92%) over the last 5 years and increased by £13,765 (4.01%) over the last 12 months.

Over the last year, there were 764 residential property sales – a decrease of 357 transactions (-46.73%) relative to the previous year. The majority of house sales (210) were in the £228,000 - £306,000 range. Then came properties in the £306,000 - £384,000 range, where 171 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 76 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,108 (-1%).

In April 2024, there were 193 new estate agency instructions, 132 agreed home sales and 84 property price reductions.

Neighbouring Areas: Bromham, Kempston

Postcodes Covered: MK40, MK41, MK42, MK44

5-Year Average Property Prices in Bedford

23.92%

Property prices in Bedford increased by 23.92% 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 Bedford Over the Last Year

4.01%

Property prices in Bedford increased by 4.01% 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.

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).

Property Market Heat Gauge for Bedford - April 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 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 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 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 Bedford since 1995

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

Recent Property Sales in Bedford

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Mallard Hill, Bedford, MK41 7QR£360,000£340,000-£20,00002 Oct 202315 Mar 2024165 Days
51 Kathie Road, Bedford, MK42 0QJ£300,000£300,000£0015 Nov 202315 Mar 2024121 Days
55 Plover Way, Bedford, MK41 7HU£360,000£356,250-£3,75001 Sep 202314 Mar 2024195 Days
199 Queens Drive, Bedford, MK41 9HS£300,000£290,000-£10,00008 Sep 202308 Mar 2024182 Days
10 Crediton Close, Bedford, MK40 3DX£250,000£245,000-£5,00004 Sep 202307 Mar 2024185 Days
14 Chaucer Road, Bedford, MK40 2AJ£750,000£730,000-£20,00014 Jun 202305 Mar 2024265 Days
10 Foster Hill Road, Bedford, MK40 2EN£200,000£200,000£0008 Nov 202328 Feb 2024112 Days
11 Tintagel Walk, Bedford, MK41 8ND£270,000£270,000£0009 Feb 202423 Feb 202414 Days
134 Alburgh Close, Bedford, MK42 0HF£239,950£205,000-£34,95024 Oct 202321 Feb 2024120 Days
202 Brickhill Drive, Bedford, MK41 7NX£335,000£328,000-£7,00025 Nov 202316 Feb 202483 Days
8 Thor Drive, Bedford, MK41 0WP£562,500£540,000-£22,50018 Jul 202314 Feb 2024211 Days
3 Aylesbury Road, Bedford, MK41 9RJ£335,000£335,000£0006 Nov 202309 Feb 202495 Days
3 Brangwyn Gardens, Bedford, MK41 7NJ£325,000£317,500-£7,50013 Sep 202308 Feb 2024148 Days
9 Ranworth Walk, Bedford, MK40 4NB£250,000£240,000-£10,00027 Jun 202301 Feb 2024219 Days
122 Risborough Road, Bedford, MK41 9QP£415,000£410,000-£5,00011 Sep 202329 Jan 2024140 Days
217 Goldington Road, Bedford, MK41 9PH£475,000£470,000-£5,00008 Sep 202326 Jan 2024140 Days
63 Stanley Street, Bedford, MK41 7RX£290,000£280,000-£10,00018 Aug 202326 Jan 2024161 Days
15 Amberley Gardens, Bedford, MK40 3BT£535,000£535,000£0026 Sep 202326 Jan 2024122 Days
24 Armstrong Drive, Bedford, MK42 9LN£280,000£270,000-£10,00030 Aug 202326 Jan 2024149 Days
29 Foxlease, Bedford, MK41 8AP£425,000£415,000-£10,00024 Aug 202323 Jan 2024152 Days

Most Expensive Streets in Bedford

PostcodeStreetAreaAverageNo. of Sales
MK40 3QARothsay GardensBedford£1,270,8336
MK40 4AHBromham RoadBiddenham£1,167,5004
MK40 4ATBiddenham TurnBiddenham£1,122,5004
MK40 4BBMain RoadBiddenham£1,121,6663
MK41 8ANCleat HillBedford£1,057,5003
MK40 4ADDays LaneBiddenham£986,8754
MK40 4AEDays LaneBiddenham£983,7508
MK40 4HXHampden CourtBiddenham£974,1666
MK40 3SAShaftesbury AvenueBedford£878,3163
MK40 3PSCastle RoadBedford£831,6663

Least Expensive Streets in Bedford

PostcodeStreetAreaAverageNo. of Sales
MK40 1ARMerchant PlaceBedford£60,7605
MK42 0RLHomebrook HouseCardington Road£69,29915
MK41 7AUAelfric CourtDearne Walk£88,8333
MK41 7ATAelfric CourtDearne Walk£89,1254
MK40 1ATPilgrims HouseHorne Lane£90,55010
MK42 9AAHexham CloseElstow£98,5003
MK41 7PWClapham RoadBedford£99,7504
MK40 2UXThe Limes 30-34Linden Road£101,71014
MK40 2UHAspley CourtWarwick Avenue£104,93822
MK40 4HYHurst GroveBedford£112,3333

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