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House Prices in MK3 House Prices in MK3 (Milton Keynes)

The average house price in MK3 (Milton Keynes) is £312,391 using HM Land Registry data.

The average property price increased by £65,825 (9.37%) over the last 5 years and increased by £13,186 (1.59%) over the last 12 months.

Over the last year, there were 278 residential property sales – a decrease of 40 transactions (-14.39%) relative to the previous year. The majority of house sales (64) were in the £314,000 - £366,000 range. Then came properties in the £262,000 - £314,000 range, where 57 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 141 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,295 (-2%).

In January 2025, there were 59 new estate agency instructions, 47 agreed home sales and 17 property price reductions.

Nearby Postcodes: HP18, HP22, LU2, LU3, LU5, LU7, MK1, MK10, MK11, MK12, MK13, MK14, MK15, MK16, MK17, MK18, MK19, MK2, MK4, MK40, MK41, MK42, MK43, MK44, MK45, MK46, MK5, MK6, MK7, MK8, MK9, NN10, NN12, NN13, NN29, NN7, NN9, OX27, PE19, PE28, SG17, SG18, SG19, SG5

5-Year Average Property Prices in MK3 (Milton Keynes)

9.37%

Property prices in MK3 (Milton Keynes) increased by 9.37% 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 MK3 (Milton Keynes) Over the Last Year

1.59%

Property prices in MK3 (Milton Keynes) increased by 1.59% 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 MK3 (Milton Keynes) - January 2025

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 MK3 (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 MK3 (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 MK3 (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 MK3 (Milton Keynes) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the MK3 postcode area since 1995.

Recent Sales in MK3 (Milton Keynes)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
21 Kinross Drive, Bletchley, Milton Keynes, MK3 7UF£250,000£241,000-£9,00006 Aug 202406 Dec 2024122 Days
16 Shropshire Court, Bletchley, Milton Keynes, MK3 7WN£400,000£387,500-£12,50027 Aug 202425 Nov 202490 Days
1 Cornwall Grove, Bletchley, Milton Keynes, MK3 7JF£360,000£345,000-£15,00013 Jan 202422 Nov 2024314 Days
95 Bushy Close, Bletchley, Milton Keynes, MK3 6PX£290,000£280,000-£10,00031 May 202413 Nov 2024166 Days
49 Whiteley Crescent, Bletchley, Milton Keynes, MK3 5DQ£425,000£410,000-£15,00004 Jul 202413 Nov 2024132 Days
9 Craigmore Avenue, Bletchley, Milton Keynes, MK3 6HD£425,000£420,000-£5,00013 Dec 202301 Nov 2024324 Days
11 Elmers Park, Bletchley, Milton Keynes, MK3 6DJ£550,000£530,000-£20,00006 Aug 202430 Oct 202485 Days
38 South Lawne, Bletchley, Milton Keynes, MK3 6BX£345,000£340,000-£5,00006 May 202425 Oct 2024172 Days
3 Inverness Close, Bletchley, Milton Keynes, MK3 7SP£300,000£300,000£028 Feb 202425 Oct 2024240 Days
8 Nottingham Grove, Bletchley, Milton Keynes, MK3 7WB£390,000£382,500-£7,50018 Jul 202424 Oct 202498 Days
13 Chepstow Drive, Bletchley, Milton Keynes, MK3 5ND£310,000£310,000£026 Jun 202424 Oct 2024120 Days
38 Newbury Court, Bletchley, Milton Keynes, MK3 5NJ£93,000£93,000£015 Jan 202424 Oct 2024283 Days
20 Surrey Road, Bletchley, Milton Keynes, MK3 7HB£260,000£245,000-£15,00007 Feb 202418 Oct 2024254 Days
53 Epsom Grove, Bletchley, Milton Keynes, MK3 5NR£230,000£225,000-£5,00001 Mar 202416 Oct 2024229 Days
14 Shenley Road, Bletchley, Milton Keynes, MK3 6EZ£350,000£345,000-£5,00017 Jan 202415 Oct 2024272 Days
230 Buckingham Road, Bletchley, Milton Keynes, MK3 5JE£390,000£380,000-£10,00018 Jun 202411 Oct 2024115 Days
69 St Clements Drive, Bletchley, Milton Keynes, MK3 5EJ£441,000£441,000£003 Jun 202415 Aug 202473 Days
54 Shenley Road, Bletchley, Milton Keynes, MK3 6HF£425,000£425,000£008 Dec 202302 Aug 2024238 Days
9 Haddington Close, Bletchley, Milton Keynes, MK3 7TD£315,000£310,000-£5,00022 Apr 202401 Aug 2024101 Days
24 Tyne Square, Bletchley, Milton Keynes, MK3 7QA£275,000£265,000-£10,00008 Apr 202426 Jul 2024109 Days

Most Expensive Streets in MK3 (Milton Keynes)

PostcodeStreetAreaAverageNo. of Sales
MK3 7RWWentworth Way, BletchleyMilton Keynes£718,0005
MK3 5NTHuntingdon Crescent, BletchleyMilton Keynes£716,2504
MK3 6DEChurch Green Road, BletchleyMilton Keynes£653,3333
MK3 6HUWhalley Drive, BletchleyMilton Keynes£538,0005
MK3 5RBDimmock Close, Newton LeysMilton Keynes£526,6663
MK3 7QPOtter Close, BletchleyMilton Keynes£517,0005
MK3 5RFRamsey Crescent, Newton LeysMilton Keynes£516,2016
MK3 6DJElmers Park, BletchleyMilton Keynes£503,3333
MK3 7UWNormandy Way, BletchleyMilton Keynes£493,1663
MK3 5LHThirsk Gardens, BletchleyMilton Keynes£488,0005

Least Expensive Streets in MK3 (Milton Keynes)

PostcodeStreetAreaAverageNo. of Sales
MK3 7EQYorkshire Close, BletchleyMilton Keynes£89,5628
MK3 5GAAnglesey View, Newton LeysMilton Keynes£99,6666
MK3 5GPBonaire Grange, Newton LeysMilton Keynes£157,78514
MK3 5NJNewbury Court, BletchleyMilton Keynes£164,37010
MK3 5RUMerrick Place, Newton LeysMilton Keynes£169,9287
MK3 7DSKnaresborough Court, BletchleyMilton Keynes£170,7508
MK3 5NDChepstow Drive, BletchleyMilton Keynes£172,7504
MK3 5HBAlderney Avenue, Newton LeysMilton Keynes£187,0004
MK3 5NREpsom Grove, BletchleyMilton Keynes£189,25010
MK3 5QWIslay Court, Newton LeysMilton Keynes£190,3754

Explore MK3 (Milton Keynes) using map

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