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MK41 (Bedford) area guide
Have your say - click here to share your opinions on MK41
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Postcode District:
MK41
Postcode District Name:
Bedford
Location:
The MK41 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Bedford, Bedfordshire, Brickhill, Castle, Clapham, De Parys, Elm Farm Industrial Estate, Goldington, Great Barford, Harpur, Kempston, Manton Industrial Estate, Newnham, Oakley, Putnoe, Renhold.
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History:
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Present Day:
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Amenities:
Notes:
If you have any comments about MK41 that you would like to share with all visitors to this site, please feel free to post anything in our "Have your say about MK41" section.
A Mouseprice property guide for MK41 Bedford is coming soon. In the meantime, please have a look at the raw data and statistics about MK41 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 MK41 is 16656 homes.
When compared against a national average compound annual growth rate (CAGR) over the last 5 years of 12.5%, the growth in this postcode district has been 16.1%. This could well be because this is a 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 £178676.
Since most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 7.9.
New transactions as a percentage of overall sales are 9%.
Housing stock:
The most commonly found type of housing in this area are Semi- Detached Houses, making up 36.2% of the housing stock.
Flats account for the lowest percentage of the housing stock in this district, at only 9.9%.
This is an area with a high proportion of property suitable for families with children.
Socially rented accommodation represents 13.9% of the total rented accommodation in the area.
The majority of property in this area is owner occupied.
The average price of a two bed property in this area is less that the national average of £187894 at £153069.
Who lives here:
The average age in this area is 38.
This area has a high percentage of married people at 27.8%.
Average working hours in this area for men are 42 and for women are 31.
This area has 13.5 people per square kilometre.
The largest source of work in this area is Wholesale & Retail (17.6% of workers), followed by Construction (14.9%).
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