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House Prices in MK2 House Prices in MK2 (Milton Keynes)

The average house price in MK2 (Milton Keynes) is £224,166 using HM Land Registry data.

The average property price increased by £53,899 (24.1%) over the last 5 years and increased by £10,800 (3.68%) over the last 12 months.

Over the last year, there were 117 residential property sales – a decrease of 35 transactions (-29.91%) relative to the previous year. The majority of house sales (26) were in the £228,000 - £272,000 range. Then came properties in the £184,000 - £228,000 range, where 23 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 50 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,041 (-2%).

In Oct 24, there were 29 new estate agency instructions, 16 agreed home sales and 13 property price reductions.

Nearby Postcodes: , HP18, HP22, LU5, LU7, MK1, MK10, MK11, MK12, MK13, MK14, MK15, MK16, MK17, MK18, MK19, MK3, MK4, MK43, MK45, MK46, MK5, MK6, MK7, MK77, MK8, MK9, NN12, NN13, NN7, OX27

5-Year Average Property Prices in MK2 (Milton Keynes)

24.1%

Property prices in Milton Keynes increased by 24.1% 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 MK2 (Milton Keynes) Over the Last Year

3.68%

Property prices in Milton Keynes increased by 3.68% 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.

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).

Property Market Heat Gauge for MK2 (Milton Keynes) - Oct 24

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 MK2 (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 MK2 (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 MK2 (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 MK2 (Milton Keynes) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the MK2 postcode area since 1995.

Recent Sales in MK2 (Milton Keynes)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
15 Harkness Close, Bletchley, Milton Keynes, MK2 3NB£235,000£230,000-£5,00003 Jan 202315 Jul 2024559 Days
37 Frensham Drive, Bletchley, Milton Keynes, MK2 3AP£325,000£325,000£0018 Mar 202411 Jul 2024115 Days
6 North Street, Bletchley, Milton Keynes, MK2 2PY£340,000£327,000-£13,00001 Nov 202324 Jun 2024236 Days
31 Walnut Drive, Bletchley, Milton Keynes, MK2 2JA£310,000£282,000-£28,00014 Mar 202421 Jun 202499 Days
13 Birchfield Grove, Bletchley, Milton Keynes, MK2 2RQ£340,000£332,500-£7,50019 Feb 202411 Jun 2024113 Days
Flat 27, Stephenson House, Wetherburn Court, Bletchley, Milton Keynes, MK2 2AF£150,000£143,000-£7,00004 Jul 202303 May 2024304 Days
84 Sheelin Grove, Bletchley, Milton Keynes, MK2 3PQ£220,000£215,000-£5,00013 Feb 202401 May 202478 Days
20 Stuart Close, Bletchley, Milton Keynes, MK2 2NW£300,000£297,000-£3,00021 Feb 202422 Apr 202461 Days
10 Corin Close, Bletchley, Milton Keynes, MK2 3HG£260,000£254,000-£6,00026 Dec 202319 Apr 2024115 Days
4 Nevis Grove, Bletchley, Milton Keynes, MK2 3NY£220,000£220,000£0008 Nov 202303 Apr 2024147 Days
38 Napier Street, Bletchley, Milton Keynes, MK2 2NF£300,000£295,000-£5,00008 Nov 202307 Mar 2024120 Days
21 The Crescent, Bletchley, Milton Keynes, MK2 2QB£325,000£322,500-£2,50027 Nov 202301 Mar 202495 Days
19 Saffron Street, Bletchley, Milton Keynes, MK2 3AH£320,000£305,000-£15,00003 Oct 202323 Feb 2024143 Days
53 Melfort Drive, Bletchley, Milton Keynes, MK2 3QB£220,000£210,000-£10,00013 Sep 202307 Feb 2024147 Days
41 Tiffany Close, Bletchley, Milton Keynes, MK2 3LZ£280,000£270,000-£10,00027 Oct 202325 Jan 202490 Days
11 Leven Close, Bletchley, Milton Keynes, MK2 3DS£210,000£195,000-£15,00017 Aug 202320 Dec 2023125 Days
2 The Crescent, Bletchley, Milton Keynes, MK2 2QD£375,000£375,000£0028 Jul 202319 Dec 2023144 Days
44 Santen Grove, Bletchley, Milton Keynes, MK2 3NT£220,000£204,000-£16,00002 Nov 202315 Dec 202343 Days
74 Hunter Drive, Bletchley, Milton Keynes, MK2 3LR£290,000£275,000-£15,00012 Apr 202308 Dec 2023240 Days
167 Pinewood Drive, Bletchley, Milton Keynes, MK2 2HZ£365,000£365,000£0004 Sep 202308 Dec 202395 Days

Most Expensive Streets in MK2 (Milton Keynes)

PostcodeStreetAreaAverageNo. of Sales
MK2 2UZMill Road, BletchleyMilton Keynes£1,026,6663
MK2 2EZVicarage Road, BletchleyMilton Keynes£511,6663
MK2 2FRBrick Field, BletchleyMilton Keynes£455,0504
MK2 2HHLennox Road, BletchleyMilton Keynes£434,1663
MK2 2HLLeon Avenue, BletchleyMilton Keynes£385,2857
MK2 2LDMill Road, BletchleyMilton Keynes£372,8005
MK2 3ADStoke Road, BletchleyMilton Keynes£364,5005
MK2 2HWManor Road, BletchleyMilton Keynes£361,8005
MK2 3ABStoke Road, BletchleyMilton Keynes£360,3758
MK2 2FQDynasty Drive, BletchleyMilton Keynes£359,2504

Least Expensive Streets in MK2 (Milton Keynes)

PostcodeStreetAreaAverageNo. of Sales
MK2 3FESouthland Drive, BletchleyMilton Keynes£94,5004
MK2 2AFStephenson House, Wetherburn CourtMilton Keynes£98,8357
MK2 2YZFindlay Way, BletchleyMilton Keynes£100,0007
MK2 2LSBagshot Court, Clifford AvenueMilton Keynes£103,9449
MK2 2AQEden Court, Aylesbury Street, BletchleyMilton Keynes£114,47621
MK2 2NEBaisley Gardens, BletchleyMilton Keynes£128,8889
MK2 2HASt. Margarets Court, Vicarage RoadMilton Keynes£135,0003
MK2 2RUQueensway, BletchleyMilton Keynes£152,0889
MK2 2AWWatling Street, BletchleyMilton Keynes£165,1427
MK2 2UTMikern Close, BletchleyMilton Keynes£166,2506

Explore MK2 (Milton Keynes) using map

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