A home along Bedford’s Embankment, with an asking price of £2 million, sold last week causing some to wonder if it’s the highest priced home in the town.
While some homes in villages around Bedford Borough have been valued at several million, it’s thought this the first time a home has been sold at this price in the town itself.
The exact figure it was sold for is not yet known, but the home, listed on the Bedford Independent’s property pages, sold within 24 hours leading some to speculate it went for close to the asking price.
Sold through Cooper Beard, it is in a prime location along Bedford’s Victorian Embankment sitting opposite the Suspension Bridge, one of the town’s most recognisable landmarks.
It’s listed as a double fronted Victorian six bedroomed detached property on a plot of 0.25 of an acre.
This leads to the Wade-Gery paddock, an enclosed communal garden area shared with neighbouring properties.
The home has also been beautifully and sympathetically remodelled to carefully blend modern day facilities with its original period features.
These include original wood flooring with insulated underfloor heating system throughout the entire house, high ceilings with deep moulded cornices and original ceiling roses, and working open fireplaces with marble surrounds.
Also included in the sale, is a fitted bespoke traditional painted kitchen with walk in larder and high quality built in appliances including double oven, microwave/grill, warming drawer, induction hob, gas hob, extractor, larder fridge, separate freezer and two dishwashers.
This week, The Guardian reported that the average price of properties coming to market across the UK rose by 0.8% month on month in June to a third consecutive record of £336,073.
Local Estate Agent, Russell Beard says the ‘pandemic boom’ has certainly been good for Bedford’s property market.
“Since return to business from lockdown we have seen pent up release from buyers and vendors who have been actively trading across the marketplace,” he said.
“A good number of people moving are making a lifestyle change with working from home space being a significant factor on the wish list of intending buyers.
“The lockdown period has seen a desire for outside space and the properties with large gardens are attracting good values.”
But it’s not just local people who are seeking to make the most of Bedford’s available properties.
Lockdown fatigue is also seeing more people move out of the city to greener and less populated areas.
“A large number of buyers are coming out of London, again the working from home situation being the catalyst, and as they start to sell we in the shires will start to feel the benefit,” added Russell.
And while he had a cautious warning with the Furlough scheme ending in September, he believes Bedford could weather future storms well.
“It is highly likely that national unemployment will match the dark days of the late 1970’s and this will massively reduce the ability for many to obtain mortgages.
“Bedford is, I hope, in a better place than most insomuch as our largest employers are the council, the hospital and NHS, and the Harpur Trust, all of which are relatively safe workplaces.”
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