Postcode District:
MK40
Postcode District Name:
Bedford
Location:
The MK40 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Bedford, Bedfordshire, Biddenham, Bromham, Castle, De Parys, Harpur, Kingsbrook, Queen's Park.
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Amenities:
Notes:
If you have any comments about MK40 that you would like to share with all visitors to this site, please feel free to post anything in our "Have your say about MK40" section.
A Mouseprice property guide for MK40 Bedford is coming soon. In the meantime, please have a look at the raw data and statistics about MK40 that can be found by click the relevant links on the left hand side.
Old area guide:
The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.
Market trends:
 The size of the property market in MK40 is 12517 homes.
When growth averages 16.1% over a 5 year period, as in this postcode district, there are a number of possible explanations, for example that this isa dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.
Over the last 3 months, the average property value for this postcode district has been £176646.
When examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 6.7.
New transactions as a percentage of overall sales are 7.3%.
Housing stock:
If you are specifically looking to buy Flats, this would be an excellent area for you to explore, with 41.8% of properties being this type.
For those buyers keen to purchase Detached Houses, this would not be an ideal area, because only 15.7% are this type.
The property in this area caters well for retirees and young couples who do not have large families. alt="Bedford property">Socially rented accommodation represents a significant percentage of the total rented accommodation in the area at 17.8%.
The majority of property in this area is owner occupied.
The average price of a two bed property in this area is higher than the national average of £187894 at £194480.
Who lives here:
There are 14442 men and 14299 women in this postcode district.
The average age in this area is 34.
Single people make up 39% of the population in this postcode district.
Average working hours in this area for men are 42 and for women are 33.
This area has 23.3 people per square kilometre.
The largest source of work in this area is Real Estate (17.3% of workers), followed by Wholesale & Retail (14.7%).
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