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

The average house price in MK3 (Milton Keynes) is £367,571 using HM Land Registry data.

The average property price increased by £67,475 (9.37%) over the last 5 years and increased by £13,520 (1.59%) over the last 12 months.

Over the last year, there were 234 residential property sales – a decrease of 111 transactions (-47.44%) relative to the previous year. The majority of house sales (53) were in the £308,000 - £362,000 range. Then came properties in the £254,000 - £308,000 range, where 48 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 69 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,276 (-2%).

In Oct 24, there were 50 new estate agency instructions, 44 agreed home sales and 41 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) - 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 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
69 St Clements Drive, Bletchley, Milton Keynes, MK3 5EJ£441,000£441,000£0003 Jun 202415 Aug 202473 Days
54 Shenley Road, Bletchley, Milton Keynes, MK3 6HF£425,000£425,000£0008 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
41 Sutherland Grove, Bletchley, Milton Keynes, MK3 7NU£360,000£340,000-£20,00023 Nov 202324 Jul 2024244 Days
28 Knaresborough Court, Bletchley, Milton Keynes, MK3 7DS£180,000£175,000-£5,00004 Apr 202415 Jul 2024102 Days
141 Buckingham Road, Bletchley, Milton Keynes, MK3 5JD£550,000£540,000-£10,00004 Mar 202412 Jul 2024130 Days
68 Colossus Way, Bletchley, Milton Keynes, MK3 6GW£92,000£92,000£0027 Feb 202408 Jul 2024132 Days
75 Normandy Way, Bletchley, Milton Keynes, MK3 7UW£525,000£517,000-£8,00003 May 202304 Jul 2024428 Days
46 Normandy Way, Bletchley, Milton Keynes, MK3 7UN£650,000£650,000£0021 Mar 202304 Jul 2024471 Days
6 Wye Close, Bletchley, Milton Keynes, MK3 7PJ£415,000£400,000-£15,00006 Mar 202426 Jun 2024112 Days
12 St Georges Road, Bletchley, Milton Keynes, MK3 5ES£375,000£375,000£0026 Mar 202417 Jun 202483 Days
8 Hoylake Close, Bletchley, Milton Keynes, MK3 7RH£340,000£325,000-£15,00015 Feb 202412 Jun 2024118 Days
27 Trafalgar Avenue, Bletchley, Milton Keynes, MK3 7UL£440,000£435,000-£5,00005 Feb 202410 Jun 2024126 Days
29 Epsom Grove, Bletchley, Milton Keynes, MK3 5NR£90,000£90,000£0021 Feb 202407 Jun 2024107 Days
4 Eden Walk, Bletchley, Milton Keynes, MK3 7BZ£300,000£295,000-£5,00021 Sep 202328 May 2024250 Days
87 Kennet Drive, Bletchley, Milton Keynes, MK3 7AX£300,000£296,750-£3,25026 Jan 202423 May 2024118 Days
38 St Johns Road, Bletchley, Milton Keynes, MK3 5EA£385,000£385,000£0029 Nov 202316 May 2024169 Days
16 Tattenhoe Lane, Bletchley, Milton Keynes, MK3 7AA£315,000£311,000-£4,00030 Jan 202401 May 202492 Days
3 Windmill Hill Drive, Bletchley, Milton Keynes, MK3 7RE£435,000£425,000-£10,00011 Oct 202330 Apr 2024202 Days

Most Expensive Streets in MK3 (Milton Keynes)

PostcodeStreetAreaAverageNo. of Sales
MK3 7RWWentworth Way, BletchleyMilton Keynes£733,7504
MK3 5NTHuntingdon Crescent, BletchleyMilton Keynes£675,0005
MK3 6DEChurch Green Road, BletchleyMilton Keynes£626,2504
MK3 6DDChurch Green Road, BletchleyMilton Keynes£534,0004
MK3 7QPOtter Close, BletchleyMilton Keynes£523,3333
MK3 5RFRamsey Crescent, Newton LeysMilton Keynes£516,2016
MK3 6HUWhalley Drive, BletchleyMilton Keynes£515,0006
MK3 7UWNormandy Way, BletchleyMilton Keynes£493,1663
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£89,5628
MK3 5GAAnglesey View, Newton LeysMilton Keynes£100,4287
MK3 5NDChepstow Drive, BletchleyMilton Keynes£127,0003
MK3 5GPBonaire Grange, Newton LeysMilton Keynes£153,66615
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£170,6669
MK3 5HBAlderney Avenue, Newton LeysMilton Keynes£181,3336
MK3 5FYJura Way, Newton LeysMilton Keynes£183,4005

Explore MK3 (Milton Keynes) using map

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