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

The average house price in MK3 (Milton Keynes) is £315,277 using HM Land Registry data.

The average property price increased by £56,311 (9.37%) over the last 5 years and increased by £11,257 (1.59%) over the last 12 months.

Over the last year, there were 263 residential property sales – a decrease of 131 transactions (-49.81%) relative to the previous year. The majority of house sales (57) were in the £306,000 - £364,000 range. Then came properties in the £248,000 - £306,000 range, where 56 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 72 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,276 (-2%).

In June 2024, there were 46 new estate agency instructions, 48 agreed home sales and 31 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 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 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) - 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 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
3 Windmill Hill Drive, Bletchley, Milton Keynes, MK3 7RE£435,000£425,000-£10,00011 Oct 202330 Apr 2024202 Days
30 Portrush Close, Bletchley, Milton Keynes, MK3 7SA£225,000£221,000-£4,00026 Oct 202326 Apr 2024183 Days
30 Middlesex Drive, Bletchley, Milton Keynes, MK3 7JD£319,995£300,000-£19,99528 Oct 202324 Apr 2024179 Days
451 Whaddon Way, Bletchley, Milton Keynes, MK3 7PA£365,000£360,000-£5,00005 Jan 202422 Apr 2024108 Days
1 Masefield Grove, Bletchley, Milton Keynes, MK3 5AP£375,000£357,500-£17,50031 Jan 202422 Apr 202482 Days
31 Kennet Drive, Bletchley, Milton Keynes, MK3 7BD£240,000£240,000£0023 Dec 202319 Apr 2024118 Days
65 Shenley Road, Bletchley, Milton Keynes, MK3 6HE£425,000£420,000-£5,00002 Dec 202312 Apr 2024132 Days
40 Mersey Way, Bletchley, Milton Keynes, MK3 7QH£350,000£340,000-£10,00012 Sep 202311 Apr 2024212 Days
2 Ashburnham Close, Bletchley, Milton Keynes, MK3 7TR£465,000£455,000-£10,00026 Jan 202402 Apr 202467 Days
4 Dover Gate, Bletchley, Milton Keynes, MK3 6AS£230,000£229,500-£50018 Jul 202328 Mar 2024254 Days
17 Ultra Avenue, Bletchley, Milton Keynes, MK3 6GY£500,000£490,000-£10,00007 Dec 202322 Mar 2024106 Days
40 Kennet Drive, Bletchley, Milton Keynes, MK3 7AT£295,000£280,000-£15,00011 Sep 202319 Mar 2024190 Days
59 Cornwall Grove, Bletchley, Milton Keynes, MK3 7HX£425,000£415,000-£10,00023 Oct 202314 Mar 2024143 Days
30 Milton Grove, Bletchley, Milton Keynes, MK3 5BH£315,000£315,000£0030 May 202326 Feb 2024272 Days
4 Kipling Road, Bletchley, Milton Keynes, MK3 5AT£230,000£230,000£0016 Oct 202309 Feb 2024116 Days
42 Chester Close, Bletchley, Milton Keynes, MK3 5JY£270,000£265,000-£5,00030 Nov 202302 Feb 202464 Days
80 Severn Way, Bletchley, Milton Keynes, MK3 7QQ£325,000£315,000-£10,00002 Oct 202301 Feb 2024122 Days
6 Faulkner Drive, Bletchley, Milton Keynes, MK3 6FB£219,995£212,000-£7,99513 Sep 202319 Jan 2024128 Days
125 Church Green Road, Bletchley, Milton Keynes, MK3 6DE£800,000£745,000-£55,00023 May 202312 Jan 2024234 Days
6 Selkirk Grove, Bletchley, Milton Keynes, MK3 7NL£300,000£282,500-£17,50003 Aug 202312 Jan 2024162 Days

Most Expensive Streets in MK3 (Milton Keynes)

PostcodeStreetAreaAverageNo. of Sales
MK3 7RWWentworth Way, BletchleyMilton Keynes£742,0005
MK3 5NTHuntingdon Crescent, BletchleyMilton Keynes£675,0005
MK3 6DEChurch Green Road, BletchleyMilton Keynes£626,2504
MK3 6DDChurch Green Road, BletchleyMilton Keynes£534,0004
MK3 5RFRamsey Crescent, Newton LeysMilton Keynes£516,2016
MK3 6DJElmers Park, BletchleyMilton Keynes£511,6663
MK3 6HUWhalley Drive, BletchleyMilton Keynes£498,2147
MK3 6HXWhalley Drive, BletchleyMilton Keynes£490,3128
MK3 7RTGleneagles Close, BletchleyMilton Keynes£483,3754
MK3 6HDCraigmore Avenue, BletchleyMilton Keynes£481,2504

Least Expensive Streets in MK3 (Milton Keynes)

PostcodeStreetAreaAverageNo. of Sales
MK3 7EQYorkshire Close, BletchleyMilton Keynes£95,7147
MK3 5GAAnglesey View, Newton LeysMilton Keynes£100,4287
MK3 5NDChepstow Drive, BletchleyMilton Keynes£127,0003
MK3 5GPBonaire Grange, Newton LeysMilton Keynes£157,57114
MK3 5NJNewbury Court, BletchleyMilton Keynes£160,5378
MK3 7UFKinross Drive, BletchleyMilton Keynes£163,8333
MK3 5RUMerrick Place, Newton LeysMilton Keynes£169,60010
MK3 7DSKnaresborough Court, BletchleyMilton Keynes£170,1258
MK3 5HBAlderney Avenue, Newton LeysMilton Keynes£176,6005
MK3 5FYJura Way, Newton LeysMilton Keynes£183,4005

Explore MK3 (Milton Keynes) using map

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