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Flat 4 Farrer Mews, Farrer Street, Kempston, Bedford, Bedfordshire, MK42 8LB - Image 1

Flat 4 Farrer Mews, Farrer Street, Kempston, Bedford, Bedfordshire, MK42 8LB

South East

£45,000
Listed on 05/05/2026

Property Details

Bedrooms
1
Type
Apartment
Area
312 sqft

Description

This top-floor studio apartment, situated in the heart of Kempston, presents a unique investment opportunity with considerable renovation potential. Spanning a spacious lounge/bedroom area, kitchen, and bathroom, the property boasts a long lease of nearly 980 years. However, it is important to note that the apartment currently faces significant challenges due to an emergency prohibition order issued by Bedford Borough Council under section 43 of the housing act 2004. This order is related to critical issues such as inadequate heating, poor window sealing, lack of hot water, and blocked sanitation, which must be addressed before the property can be occupied. The location is ideal for those looking to capitalize on local amenities within walking distance of the High Street. With no viewings possible prior to auction on May 13th, 2026, interested parties are encouraged to familiarize themselves with the legal pack available online.

Investment Analysis

(MK42 area)

Below Market Value

This property is priced -56.9% below area average per sq ft

-56.9%
Potential saving
This Property
£144/sq ft
Area Average
£335/sq ft
Avg Rent (weekly)
£304
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£114,800
10% above area average per sq ft
Potential ROI
+64.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (MK42)

Area prices are stable by -1.7% over the last 12 months
3 year growth: -0.9%
5 year growth: +18.8%
Investment Disclaimer: Analysis based on MK42 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Flat 4 Farrer Mews, Farrer Street, Kempston, Bedford, Bedfordshire, MK42 8LB
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£161
Based on a loan of £33,750 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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