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House Prices in MK15

The average house price in MK15 (Milton Keynes) is £290,000 using HM Land Registry data.

The average property price increased by £193,433 (3.67%) over the last 5 years and increased by £38,669 (0.65%) over the last 12 months.

Over the last year, there were 59 residential property sales – a decrease of 42 transactions (-71.19%) relative to the previous year. The majority of house sales (21) were in the £220,000 - £342,000 range. Then came properties in the £342,000 - £464,000 range, where 12 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 44 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-15,277 (-3%).

In June 2024, there were 16 new estate agency instructions, 11 agreed home sales and 8 property price reductions.

5-Year Average Property Prices in MK15 (Milton Keynes)

3.67%

Property prices in Milton Keynes increased by 3.67% 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 MK15 (Milton Keynes) Over the Last Year

0.65%

Property prices in Milton Keynes increased by 0.65% 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 MK15 (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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 MK15 (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 MK15 (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 MK15 (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 MK15 (Milton Keynes) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the MK15 postcode area since 1995.

Recent Sales in MK15 (Milton Keynes)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
41 Bernay Gardens, Bolbeck Park, Milton Keynes, MK15 8QD	£450,000	£440,000	-£10,000	13 Sep 2023	01 Mar 2024	170 Days
7 Florin Close, Pennyland, Milton Keynes, MK15 8AG	£305,000	£290,000	-£15,000	30 Aug 2023	02 Feb 2024	156 Days
28 Longcross, Pennyland, Milton Keynes, MK15 8AP	£450,000	£411,000	-£39,000	05 Oct 2023	18 Jan 2024	105 Days
17 Kemble Court, Downhead Park, Milton Keynes, MK15 9AX	£168,000	£168,000	£00	21 Jan 2023	04 Dec 2023	317 Days
42 Warmington Gardens, Downhead Park, Milton Keynes, MK15 9BP	£625,000	£605,000	-£20,000	28 Jun 2023	04 Dec 2023	159 Days
11 Warmington Gardens, Downhead Park, Milton Keynes, MK15 9BP	£885,000	£830,000	-£55,000	23 Jun 2023	28 Nov 2023	158 Days
13 Butterfield Close, Woolstone, Milton Keynes, MK15 0BZ	£560,000	£530,000	-£30,000	09 May 2023	22 Nov 2023	197 Days
27 Pattison Lane, Woolstone, Milton Keynes, MK15 0BL	£400,000	£400,000	£00	15 Aug 2023	02 Nov 2023	79 Days
35 Christian Court, Willen, Milton Keynes, MK15 9HY	£315,000	£315,000	£00	01 Aug 2023	20 Oct 2023	80 Days
11 Pattison Lane, Woolstone, Milton Keynes, MK15 0AU	£995,000	£950,000	-£45,000	06 Sep 2022	20 Oct 2023	409 Days
26 Christian Court, Willen, Milton Keynes, MK15 9HX	£367,500	£355,000	-£12,500	26 Jul 2023	20 Oct 2023	86 Days
2 Wellfield Court, Willen, Milton Keynes, MK15 9HL	£325,000	£315,000	-£10,000	07 Mar 2023	29 Aug 2023	175 Days
34 Colesbourne Drive, Downhead Park, Milton Keynes, MK15 9AN	£665,000	£655,000	-£10,000	15 Mar 2023	23 Aug 2023	161 Days
7 Quadrans Close, Pennyland, Milton Keynes, MK15 8AU	£650,000	£640,000	-£10,000	03 Feb 2023	22 Aug 2023	200 Days
28 Angel Close, Pennyland, Milton Keynes, MK15 8AQ	£325,000	£323,000	-£2,000	21 Feb 2023	18 Aug 2023	178 Days
25 Thorneycroft Lane, Downhead Park, Milton Keynes, MK15 9BB	£335,000	£330,000	-£5,000	04 Jan 2023	16 Aug 2023	224 Days
75 Aldrich Drive, Willen, Milton Keynes, MK15 9LH	£800,000	£775,000	-£25,000	08 Mar 2023	15 Aug 2023	160 Days
3 Lacy Drive, Bolbeck Park, Milton Keynes, MK15 8PL	£400,000	£390,000	-£10,000	25 Mar 2023	27 Jul 2023	124 Days
59 Kirtlington, Downhead Park, Milton Keynes, MK15 9AZ	£186,000	£186,000	£00	10 Jan 2023	21 Jul 2023	192 Days
14 Colesbourne Drive, Downhead Park, Milton Keynes, MK15 9AU	£575,000	£575,000	£00	07 Apr 2023	13 Jul 2023	97 Days

Most Expensive Streets in MK15 (Milton Keynes)

Postcode	Street	Area	Average	No. of Sales
MK15 9DH	Hammond Crescent, Willen Park	Milton Keynes	£932,333	3
MK15 0HB	Tattam Close, Woolstone	Milton Keynes	£872,500	3
MK15 0AY	Pattison Lane, Woolstone	Milton Keynes	£721,666	3
MK15 9BP	Warmington Gardens, Downhead Park	Milton Keynes	£622,500	5
MK15 9HT	Millington Gate, Willen	Milton Keynes	£619,250	4
MK15 9AN	Colesbourne Drive, Downhead Park	Milton Keynes	£614,250	4
MK15 8AU	Quadrans Close, Pennyland	Milton Keynes	£580,625	4
MK15 9AL	Colesbourne Drive, Downhead Park	Milton Keynes	£576,666	3
MK15 8AY	Skeats Wharf, Pennyland	Milton Keynes	£561,375	4
MK15 9AU	Colesbourne Drive, Downhead Park	Milton Keynes	£536,500	4

Least Expensive Streets in MK15 (Milton Keynes)

Postcode	Street	Area	Average	No. of Sales
MK15 9AS	Cornbury Crescent, Downhead Park	Milton Keynes	£139,375	4
MK15 9AF	Fairford Crescent, Downhead Park	Milton Keynes	£153,900	5
MK15 9LP	Oaktree Court, Portland Drive	Milton Keynes	£190,795	22
MK15 9HH	Hobart Crescent, Willen Park	Milton Keynes	£193,800	5
MK15 0AA	Newport Road, Woolstone	Milton Keynes	£202,055	9
MK15 9AX	Kemble Court, Downhead Park	Milton Keynes	£225,500	3
MK15 9DQ	Whitsun Pasture, Willen Park	Milton Keynes	£240,125	4
MK15 9AR	Cornbury Crescent, Downhead Park	Milton Keynes	£246,616	6
MK15 9EN	Gyosei Gardens, Willen Park	Milton Keynes	£251,333	6
MK15 9EJ	Sakura Walk, Willen Park	Milton Keynes	£264,333	9