You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in MK5

House Prices in MK5

The average house price in MK5 (Milton Keynes) is £415,700 using HM Land Registry data.

The average property price increased by £133,879 (35.85%) over the last 5 years and increased by £26,764 (5.07%) over the last 12 months.

Over the last year, there were 110 residential property sales – a decrease of 69 transactions (-62.73%) relative to the previous year. The majority of house sales (23) were in the £420,000 - £570,000 range. Then came properties in the £270,000 - £420,000 range, where 21 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 47 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,916 (-2%).

In June 2024, there were 24 new estate agency instructions, 16 agreed home sales and 13 property price reductions.

5-Year Average Property Prices in MK5 (Milton Keynes)

35.85%

Property prices in Milton Keynes increased by 35.85% 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 MK5 (Milton Keynes) Over the Last Year

5.07%

Property prices in Milton Keynes increased by 5.07% 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 MK5 (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 MK5 (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 MK5 (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 MK5 (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 MK5 (Milton Keynes) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the MK5 postcode area since 1995.

Recent Sales in MK5 (Milton Keynes)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
10 Peers Lane, Shenley Church End, Milton Keynes, MK5 6BQ	£75,000	£75,000	£00	05 Dec 2023	02 Apr 2024	119 Days
21 Prentice Grove, Shenley Brook End, Milton Keynes, MK5 7ES	£525,000	£525,000	£00	14 Aug 2023	26 Feb 2024	196 Days
45 Lowndes Grove, Shenley Church End, Milton Keynes, MK5 6EE	£135,000	£130,500	-£4,500	21 Jun 2023	05 Feb 2024	229 Days
4 Dudley Hill, Shenley Church End, Milton Keynes, MK5 6LL	£850,000	£790,000	-£60,000	20 Jul 2023	02 Feb 2024	197 Days
82 Mayer Gardens, Shenley Lodge, Milton Keynes, MK5 7EW	£300,000	£255,000	-£45,000	17 Oct 2023	30 Jan 2024	105 Days
15 Little Meadow, Loughton, Milton Keynes, MK5 8EH	£650,000	£630,000	-£20,000	09 Sep 2023	19 Jan 2024	132 Days
10 Boroughbridge, Oakhill, Milton Keynes, MK5 6FY	£199,995	£195,000	-£4,995	21 Aug 2023	01 Dec 2023	102 Days
2 Lucy Lane, Loughton, Milton Keynes, MK5 8EP	£650,000	£650,000	£00	30 Aug 2023	28 Nov 2023	90 Days
26 Kirkwood Grove, Medbourne, Milton Keynes, MK5 6FP	£220,000	£215,000	-£5,000	29 Mar 2023	17 Nov 2023	233 Days
1 Phillip Court, Shenley Church End, Milton Keynes, MK5 6HH	£81,000	£81,000	£00	06 Jun 2023	01 Nov 2023	148 Days
10 Kendall Place, Medbourne, Milton Keynes, MK5 6LR	£725,000	£715,000	-£10,000	14 Apr 2023	30 Oct 2023	199 Days
15 Minorca Grove, Shenley Brook End, Milton Keynes, MK5 7FU	£375,000	£370,000	-£5,000	09 Jan 2023	24 Oct 2023	288 Days
79 Faraday Drive, Shenley Lodge, Milton Keynes, MK5 7HQ	£395,000	£386,000	-£9,000	17 Jul 2023	24 Oct 2023	99 Days
49 Mayer Gardens, Shenley Lodge, Milton Keynes, MK5 7EW	£154,950	£150,000	-£4,950	26 May 2023	13 Oct 2023	140 Days
19 Forthill Place, Shenley Church End, Milton Keynes, MK5 6FS	£550,000	£550,000	£00	16 Mar 2023	10 Oct 2023	208 Days
2 Langport Crescent, Oakhill, Milton Keynes, MK5 6LZ	£425,000	£425,000	£00	24 Apr 2023	26 Sep 2023	155 Days
34 Minorca Grove, Shenley Brook End, Milton Keynes, MK5 7FU	£678,995	£658,000	-£20,995	26 Dec 2022	26 Sep 2023	274 Days
13 Sultan Croft, Shenley Brook End, Milton Keynes, MK5 7FD	£600,000	£583,000	-£17,000	31 Mar 2023	22 Sep 2023	175 Days
7 Bremen Grove, Shenley Brook End, Milton Keynes, MK5 7FJ	£570,000	£550,000	-£20,000	10 May 2023	14 Sep 2023	127 Days
35 Faraday Drive, Shenley Lodge, Milton Keynes, MK5 7DD	£490,000	£477,000	-£13,000	29 Mar 2023	25 Aug 2023	149 Days

Most Expensive Streets in MK5 (Milton Keynes)

Postcode	Street	Area	Average	No. of Sales
MK5 8EB	Whitworth Lane, Loughton	Milton Keynes	£1,372,500	4
MK5 8AT	School Lane, Loughton	Milton Keynes	£1,208,180	5
MK5 8AB	London Road, Loughton	Milton Keynes	£985,833	3
MK5 8FL	Redland Drive, Loughton	Milton Keynes	£944,000	3
MK5 8DX	Ashpole Furlong, Loughton	Milton Keynes	£926,666	3
MK5 8HQ	Snaith Crescent, Loughton	Milton Keynes	£909,111	3
MK5 7GY	Farm Court, Shenley Brook End	Milton Keynes	£895,416	6
MK5 6LG	Vache Lane, Shenley Church End	Milton Keynes	£756,000	3
MK5 8BL	Linceslade Grove, Loughton	Milton Keynes	£751,250	4
MK5 7EE	Trevithick Lane, Shenley Lodge	Milton Keynes	£749,166	3

Least Expensive Streets in MK5 (Milton Keynes)

Postcode	Street	Area	Average	No. of Sales
MK5 8EX	Paynes Drive, Loughton	Milton Keynes	£56,833	3
MK5 6EL	Rhuddlan Close, Shenley Church End	Milton Keynes	£61,233	3
MK5 6HH	Phillip Court, Shenley Church End	Milton Keynes	£88,428	7
MK5 6GD	Enders Court, Medbourne	Milton Keynes	£93,075	10
MK5 6BE	Engaine Drive, Shenley Church End	Milton Keynes	£110,166	3
MK5 6GE	Oldham Rise, Medbourne	Milton Keynes	£110,907	9
MK5 6DQ	Gramwell, Shenley Church End	Milton Keynes	£113,450	4
MK5 7DJ	Silicon Court, Shenley Lodge	Milton Keynes	£129,133	6
MK5 8ET	Homeward Court, Loughton	Milton Keynes	£133,633	6
MK5 6BD	Engaine Drive, Shenley Church End	Milton Keynes	£149,666	3