Well my recent articles about Bedford’s most moved street in the last 3 years and the Monopoly board article (the one where I listed the most valuable streets) caused quite a lot of interest locally, so I decided to see what else I could find out about the MK40 postcode area, and I have been able find out the biggest streets in the Bedford (MK40) postcode area.
Don’t worry, I will get back to some hard-hitting articles about the lack of new homes being built in Bedford, the trials and tribulations of being a Bedford buy-to-let landlord and the future of the Bedford property market .. yet in this article because of the previous positive comments, I wanted to give you what you, the Bedford homeowners and Bedford landlords asked about and wanted!
The biggest street in MK40, when it comes to the number of houses on it is Bromham Road, with 390 homes. In second place is Ashburnham Road with 326 homes and in third is Goldington Road with 297 homes.
Not surprisingly, the most valuable street of the top 20 biggest streets is Bromham Road at £161.7m with an average value of £415,000 per property.
The street with the greatest number of movers in the last 3 years is Goldington Road, which is the highest saleability rate of 18.9%.
The full breakdown can be found in this chart below.
Yet, did you really think I wouldn’t get at all serious ..
The basic rudiments of the Bedford property market remain principally healthy in many parts of Bedford, yet the existing political environment means that the vital element of confidence has been diminished slightly in certain parts, and that is triggering a minority of potential property purchasers and house-sellers to vacillate, yet with unemployment at an all-time low, a record number of people with a job, ultra-low interest rates and decent mortgage availability (with the Banks and Building Societies tending to drop mortgage rates instead of increasing them), those Bedford first time buyers (and especially Bedford buy-to-let landlords) who have adjourned their next house purchase because of perceived political uncertainty should be reminded that talking to many of my fellow Bedford agents they have more homes on their books than at any time for the last three or four years, so there is a greater choice of Bedford properties to call your next home/BTL investment with a potential of securing a great property deal in the next month or so.
Irrespective of what happens with Brexit, Bedford people will still need a roof over their heads and as I have mentioned on a number of occasions, I have proved beyond doubt we aren’t building enough homes both locally in Bedford and nationally. If supply is limited and demand increases (as the population grows and we get older), prices in the medium to long term can only go in one direction. Upwards!
So, whatever happens with BoJo and Brexit – why wait, because once we get over that hurdle, there will just be another hurdle and another hurdle and by which time – we will be in 2029 and you would have missed the boat. We survived the Global Financial Crash, 3-day week in 1970s’, hyperinflation etc etc … yet the choice is yours.