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House Prices in MK12

The average house price in MK12 (Milton Keynes) is £300,333 using HM Land Registry data.

The average property price increased by £60,316 (11.03%) over the last 5 years and increased by £12,058 (1.85%) over the last 12 months.

Over the last year, there were 146 residential property sales – a decrease of 27 transactions (-18.49%) relative to the previous year. The majority of house sales (41) were in the £274,000 - £322,000 range. Then came properties in the £322,000 - £370,000 range, where 30 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 68 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,966 (-2%).

In June 2024, there were 30 new estate agency instructions, 32 agreed home sales and 4 property price reductions.

5-Year Average Property Prices in MK12 (Milton Keynes)

11.03%

Property prices in Milton Keynes increased by 11.03% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in MK12 (Milton Keynes) Over the Last Year

1.85%

Property prices in Milton Keynes increased by 1.85% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for MK12 (Milton Keynes) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in MK12 (Milton Keynes)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in MK12 (Milton Keynes)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in MK12 (Milton Keynes)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the MK12 (Milton Keynes) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the MK12 postcode area since 1995.

Recent Sales in MK12 (Milton Keynes)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
42 Ardwell Lane, Greenleys, Milton Keynes, MK12 6LN	£345,000	£335,000	-£10,000	12 Jan 2024	26 Apr 2024	105 Days
44 Oxford Street, Wolverton, Milton Keynes, MK12 5HP	£325,000	£325,000	£00	10 Sep 2023	07 Feb 2024	150 Days
65 Stacey Avenue, Wolverton, Milton Keynes, MK12 5DN	£400,000	£385,000	-£15,000	08 Sep 2023	12 Jan 2024	126 Days
29 Marina Drive, Wolverton, Milton Keynes, MK12 5DT	£475,000	£425,000	-£50,000	10 Mar 2023	12 Jan 2024	308 Days
20 Oriel Close, Wolverton, Milton Keynes, MK12 5FE	£260,000	£257,500	-£2,500	18 Aug 2023	20 Dec 2023	124 Days
89 Aylesbury Street West, Wolverton, Milton Keynes, MK12 5BS	£400,000	£375,000	-£25,000	08 Aug 2023	19 Dec 2023	133 Days
49 Mccorquodale Road, Wolverton, Milton Keynes, MK12 5GP	£80,800	£80,800	£00	17 Aug 2023	15 Dec 2023	120 Days
79 Oriel Close, Wolverton, Milton Keynes, MK12 5FG	£335,000	£330,000	-£5,000	29 Aug 2023	12 Dec 2023	105 Days
11 Moon Street, Wolverton, Milton Keynes, MK12 5HE	£400,000	£350,000	-£50,000	31 Oct 2023	12 Dec 2023	42 Days
8 Bedford Street, Wolverton, Milton Keynes, MK12 5HR	£325,000	£325,000	£00	13 Sep 2023	08 Dec 2023	86 Days
18 Victoria Street, Wolverton, Milton Keynes, MK12 5HL	£300,000	£290,000	-£10,000	04 Aug 2023	20 Nov 2023	108 Days
78 Oriel Close, Wolverton, Milton Keynes, MK12 5FG	£350,000	£350,000	£00	27 May 2023	07 Nov 2023	164 Days
24 Field Lane, Greenleys, Milton Keynes, MK12 6LP	£66,000	£66,000	£00	06 Sep 2023	20 Oct 2023	44 Days
7 Green Lane, Wolverton, Milton Keynes, MK12 5HN	£355,000	£347,000	-£8,000	20 Apr 2023	29 Sep 2023	162 Days
65 Gloucester Road, Wolverton, Milton Keynes, MK12 5EA	£375,000	£375,000	£00	27 Apr 2023	22 Sep 2023	148 Days
70 Victoria Street, Wolverton, Milton Keynes, MK12 5HJ	£350,000	£343,000	-£7,000	04 May 2023	22 Sep 2023	141 Days
26 Grangers Croft, Hodge Lea, Milton Keynes, MK12 6DA	£170,000	£170,000	£00	06 Mar 2023	01 Sep 2023	179 Days
102 Aylesbury Street West, Wolverton, Milton Keynes, MK12 5BU	£375,000	£365,000	-£10,000	16 Mar 2023	01 Sep 2023	169 Days
14 Thresher Grove, Greenleys, Milton Keynes, MK12 6LQ	£235,000	£235,000	£00	26 Jan 2023	31 Aug 2023	217 Days
34 Myrtle Bank, Stacey Bushes, Milton Keynes, MK12 6HQ	£275,000	£275,000	£00	27 Mar 2023	25 Aug 2023	151 Days

Most Expensive Streets in MK12 (Milton Keynes)

Postcode	Street	Area	Average	No. of Sales
MK12 6LE	Harvester Close, Greenleys	Milton Keynes	£513,333	3
MK12 6LG	Oxman Lane, Greenleys	Milton Keynes	£391,666	3
MK12 5GS	Townlands Crescent, Wolverton Mill	Milton Keynes	£376,142	7
MK12 5LL	Wilkinson Crescent, Wolverton	Milton Keynes	£367,500	4
MK12 5PD	Trinity Road, Old Wolverton	Milton Keynes	£355,666	3
MK12 5SE	Bengrove, Wolverton Mill	Milton Keynes	£351,685	35
MK12 5PG	Caxton Road, Old Wolverton	Milton Keynes	£351,600	5
MK12 5GY	Maigno Way, Wolverton	Milton Keynes	£350,000	8
MK12 5DT	Marina Drive, Wolverton	Milton Keynes	£343,357	7
MK12 5DL	Stacey Avenue, Wolverton	Milton Keynes	£340,000	4

Least Expensive Streets in MK12 (Milton Keynes)

Postcode	Street	Area	Average	No. of Sales
MK12 5GQ	Bridge Hook Close, Wolverton Mill	Milton Keynes	£89,900	10
MK12 5FN	Trevithick Court, Lonsdale	Milton Keynes	£143,785	7
MK12 5RR	Frank Atter Croft, Wolverton	Milton Keynes	£147,700	5
MK12 6LP	Field Lane, Greenleys	Milton Keynes	£159,250	6
MK12 5GP	Mccorquodale Road, Wolverton	Milton Keynes	£160,026	14
MK12 5FL	Hamilton House, Lonsdale	Milton Keynes	£160,500	5
MK12 5FJ	Triangle Building, Wolverton Park Road	Milton Keynes	£161,833	3
MK12 5GD	Orchard Grove, Wolverton	Milton Keynes	£170,400	4
MK12 5EX	St Georges Way, Wolverton	Milton Keynes	£171,500	3
MK12 6AL	Wainers Croft, Greenleys	Milton Keynes	£183,583	6