3, MERTON ROAD, BEDFORD, MK40 3AF - £1,020,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

3 MERTON ROAD is a very large extended detached house of 310m², built sometime before 1900. It was last sold for £1,020,000 in August 2022, which was around 86% above the average August 2022 detached price in the Bedford local authority area. The most recent EPC inspection was May 2024, where the current energy rating was D, and the potential energy rating was C.

3 MERTON ROAD Sold Prices

Land registry data shows three sales for 3 MERTON ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bedford local authority area for the corresponding sale date. All of the three 3 MERTON ROAD sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 1 AUG	£1,020,000	£547,334	86% above HPI
2007 22 AUG	£702,000	£313,896	124% above HPI
1999 23 AUG	£200,000	£134,068	49% above HPI

3 MERTON ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bedford local authority area over time, sourced from the HPI. The three 3 MERTON ROAD sales between August 1999 and August 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2007 sale was for 124% above the HPI. So the extrapolation line tracks at 124% above the HPI over time, until the August 2022 sale, where it falls to 86% above the HPI. The line then continues to track at 86% above the HPI.

How Large is 3 MERTON ROAD?

3 MERTON ROAD is 310m², which includes one extension, according to the EPC inspection conducted in May 2024. This puts it in the largest 10% of detached houses in Bedford, based on EPC data. The below chart shows the distribution of detached houses by size in Bedford, and where 3 MERTON ROAD lies on this distribution: 97% of detached houses are smaller than 3 MERTON ROAD, and 3% of houses are larger. Note that EPC data is not available for all properties in Bedford.

3 MERTON ROAD: Plot and Title Map

3 MERTON ROAD sits on a plot of roughly 0.118 of an acre, or 476m². The below map shows the location of 3 MERTON ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 3 MERTON ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 3 MERTON ROAD?

3 MERTON ROAD is located in BEDFORD, in the MK40 postcode district. The below map shows the position of No. 3 on MERTON ROAD.