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1 bed flat for sale


Merchant Place, Bedford MK40

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Property features

  • Shared Ownership Price Starting From £60,000
  • Brand New Second Floor Apartment
  • Central Riverside Development
  • Neighbouring A Variety Of Leisure Facilities

Property description

*shared ownership* A brand new, highly specified second floor apartment offered to the market on the affordable shared ownership scheme (with shares starting from 40% of the full advertised property value).
The spacious accommodation is set within a secure building accessed via a video intercom system, briefly comprising; entrance hall, open-plan living, a spacious double bedroom with fitted wardrobes and a modern bathroom.

Merchant Place is located on the north bank of the River Great Ouse at the centre of a hustling new development which includes a seven-screen cinema and a variety of restaurants. This apartment building is finished to a high standard with a bike store and communal Sky dish and is situated in the heart of Bedford's town centre and just a short walk from the train station.

Communal Entrance

The secured communal entrance is located within a pedestrianised courtyard which leads to a secured bike store and has stairs rising to a landing which has a designated storage cupboard next to the private front door.

Entrance Hall

The entrance hall has a video intercom system and provides access to the open-plan living area, bedroom and bathroom as well as two fitted storage cupboards.

Open Plan Living

16'00" (max) x 14'11" (max)
The kitchen is tastefully fitted with tiled splash-backs and a range of wall and base units and integrated appliances including; an electric fan assisted oven, gas hobs with extractor over, full height fridge/freezer as well as a washer/drier and a one and a half sink and drainer.

The living area is carpeted and has two full height double glazed windows overlooking the square.


12'02" (max) x 10'06" (max)
A spacious double bedroom with fitted wardrobes, double glazed window and a double glazed door opening onto a generously proportioned private balcony.


A notably spacious bathroom with a fitted storage cupboard, heated towel rail and an obscured double glazed window. The bathroom is fitted with a white three-piece suite comprising; panelled bath with shower over and glass shower screen, W.C and wash-hand basin with tiled splash-back.

Lease Information

9 Merchant Place lease information:

The property is being offered on the shared ownership scheme, with the share option starting at 40% of the property value (£60,000).

At a 40% share, there would be a rental payment of £206.25 per month in addition to the mortgage repayments.

There is a service charge of £136 per month for each individual apartment in this block.

The term of the lease is approximately 125 years.

Property info

Floorplan(s): Floor Plan

Floor Plan View original

Market activity
Average price paid £293,300 Sales 454 Current average value £327,539 (Zoopla Zed-Index) Value change £24,004 ▲ 7.91%

Property value data/graphs for MK40

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £638,465 £326 4.5 £533,671
Semi-detached £368,388 £301 3.8 £306,763
Terraced £256,196 £307 3.0 £257,107
Flats £174,502 £286 1.7 £159,116

Current asking prices in MK40

Average: £328,071
Avg. current asking prices in MK40
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £124,995
Flats £143,378
- £270,000
All £142,853

Current asking rents in MK40

Average: £783 pcm
Avg. current asking prices in MK40
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £424 pcm
£724 pcm
£962 pcm
£1,167 pcm
£1,751 pcm
Flats £623 pcm
£779 pcm
£945 pcm
£1,075 pcm
All £586 pcm
£778 pcm
£957 pcm
£1,151 pcm
£1,751 pcm

Fun facts for MK40

Highest value in MK40
Highest value streets Zed-Index
Biddenham Turn £1,069,273
St. Mellion Drive £1,000,744
Hampden Court £987,994
Carnoustie Drive £957,845
Prestwick Road £955,860
Highest turnover in MK40
Highest turnover streets Turnover
Woden Gardens 62.5%
Richmond Road 56.0%
Kingswood Way 52.9%
The Embankment 45.0%
Westfield Road 39.3%

What Zoopla users think of Bedford

Overall rating:

  • currently 4 stars
Very good - 75% (165 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Bedford:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
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  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Bedford St Johns (0.4 miles)
  • Bedford (0.5 miles)
  • Kempston Hardwick (3.3 miles)
  • London Luton Airport (18.5 miles)
  • London Stansted Airport (34.6 miles)
  • London Heathrow Airport (45.5 miles)
  • Kew Pier (45.6 miles)
  • Savoy Pier (45.8 miles)
  • Blackfriars Millennium Pier (45.9 miles)

Nearby schools

View all schools in Bedford
  • Priory Lower School (0.3 miles)
  • Polam School (0.5 miles)
  • Livingstone Primary School (0.7 miles)
  • Bedford College (0.1 miles)
  • St Thomas More Catholic School (1.8 miles)
  • Wootton Upper School (4.1 miles)
  • Bedford Free School (0.2 miles)
  • Bedford Girls' School (0.4 miles)
  • Bedford School (0.5 miles)
Note: Distances are straight line measurements

Local info for Bedford

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For more information about this property, please contact
Purplebricks, Head Office, B90 on +44 121 721 9601 * (local rate)

Monthly running costs Beta

£418 Monthly total


Purchase price
Deposit (10%) 6,000
Repayment term 25
Interest rate 1.5
Your payment £215 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £20/mo (£240/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd


Gas £17 Electricity £26 Estimated energy cost £43/mo

Similar properties could save up to £115

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5700 kWh/year
Electricity: 1800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority


Estimated tax band A Council tax cost £114 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.


Supply £10 Sewerage £16 Estimated water cost £26 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Purplebricks, Head Office, and do not constitute property particulars. Please contact Purplebricks, Head Office for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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