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House Prices in MK7 House Prices in MK7 (Milton Keynes)

The average house price in MK7 (Milton Keynes) is £250,860 using HM Land Registry data.

The average property price increased by £22,570 (21.81%) over the last 5 years and increased by £4,523 (3.39%) over the last 12 months.

Over the last year, there were 102 residential property sales – a decrease of 85 transactions (-83.33%) relative to the previous year. The majority of house sales (31) were in the £292,000 - £398,000 range. Then came properties in the £186,000 - £292,000 range, where 22 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 44 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,657 (-2%).

In Oct 24, there were 25 new estate agency instructions, 28 agreed home sales and 22 property price reductions.

Nearby Postcodes: , HP18, HP22, LU5, LU7, MK1, MK10, MK11, MK12, MK13, MK14, MK15, MK16, MK17, MK18, MK19, MK2, MK3, MK4, MK43, MK45, MK46, MK5, MK6, MK77, MK8, MK9, NN12, NN13, NN7, OX27

5-Year Average Property Prices in MK7 (Milton Keynes)

21.81%

Property prices in Milton Keynes increased by 21.81% 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 MK7 (Milton Keynes) Over the Last Year

3.39%

Property prices in Milton Keynes increased by 3.39% 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 MK7 (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 MK7 (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 MK7 (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 MK7 (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 MK7 (Milton Keynes) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the MK7 postcode area since 1995.

Recent Sales in MK7 (Milton Keynes)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
39 Isaacson Drive, Wavendon Gate, Milton Keynes, MK7 7RQ£325,000£322,500-£2,50025 Apr 202407 Aug 2024104 Days
58 Pettingrew Close, Walnut Tree, Milton Keynes, MK7 7LL£220,000£215,000-£5,00024 May 202402 Aug 202470 Days
28 Millbank Place, Kents Hill, Milton Keynes, MK7 6DU£275,000£270,000-£5,00029 Feb 202425 Jul 2024147 Days
45 Boxberry Gardens, Walnut Tree, Milton Keynes, MK7 7EW£184,950£178,440-£6,51018 Aug 202309 Jul 2024326 Days
79 Felsted, Caldecotte, Milton Keynes, MK7 8FD£78,000£78,000£0003 Jan 202414 Jun 2024163 Days
20 Hindemith Gardens, Old Farm Park, Milton Keynes, MK7 8PN£375,000£372,500-£2,50012 Jan 202417 May 2024126 Days
13 Tallis Lane, Browns Wood, Milton Keynes, MK7 8EB£69,000£69,000£0021 Nov 202328 Mar 2024128 Days
20 Felsted, Caldecotte, Milton Keynes, MK7 8FE£190,000£57,000-£133,00006 Sep 202328 Mar 2024204 Days
46 Groombridge, Kents Hill, Milton Keynes, MK7 6HA£325,000£315,000-£10,00024 Aug 202318 Mar 2024207 Days
3 Bergamot Gardens, Walnut Tree, Milton Keynes, MK7 7NQ£290,000£280,000-£10,00016 Nov 202315 Mar 2024120 Days
18 Lavender Grove, Walnut Tree, Milton Keynes, MK7 7DB£375,000£368,000-£7,00019 Jul 202315 Mar 2024240 Days
53 Khasiaberry, Walnut Tree, Milton Keynes, MK7 7DR£147,500£147,500£0013 Sep 202328 Feb 2024168 Days
76 Lichfield Down, Walnut Tree, Milton Keynes, MK7 7BD£315,000£310,000-£5,00025 Oct 202316 Feb 2024114 Days
28 Dunchurch Dale, Walnut Tree, Milton Keynes, MK7 7BS£500,000£480,000-£20,00016 Nov 202316 Feb 202492 Days
11 Mahler Close, Browns Wood, Milton Keynes, MK7 8EA£73,500£73,500£0014 Oct 202316 Feb 2024125 Days
44 Wilsley Pound, Kents Hill, Milton Keynes, MK7 6DT£70,000£70,000£0026 Sep 202301 Feb 2024128 Days
143 Pomander Crescent, Walnut Tree, Milton Keynes, MK7 7NL£105,000£105,000£0022 Aug 202331 Jan 2024162 Days
53 Pomander Crescent, Walnut Tree, Milton Keynes, MK7 7NJ£135,000£115,000-£20,00025 Jan 202326 Jan 2024366 Days
27 Pettingrew Close, Walnut Tree, Milton Keynes, MK7 7LL£270,000£257,500-£12,50013 Oct 202315 Jan 202494 Days
15 Protheroe Field, Old Farm Park, Milton Keynes, MK7 8QS£800,000£790,000-£10,00006 May 202312 Jan 2024251 Days

Most Expensive Streets in MK7 (Milton Keynes)

PostcodeStreetAreaAverageNo. of Sales
MK7 7DLCloudberry, Walnut TreeMilton Keynes£941,0003
MK7 7HBBeales Lane, Walton ParkMilton Keynes£773,3333
MK7 8EYRavel Close, Old Farm ParkMilton Keynes£732,0005
MK7 8PDVerdi Close, Old Farm ParkMilton Keynes£694,9983
MK7 8HZHeybridge Crescent, CaldecotteMilton Keynes£689,6663
MK7 8RDDavenport Lea, Old Farm ParkMilton Keynes£687,5003
MK7 7DDTamworth Stubb, Walnut TreeMilton Keynes£638,8413
MK7 7HHBartholomew Close, Walton ParkMilton Keynes£635,0007
MK7 8QTNovello Croft, Old Farm ParkMilton Keynes£618,7504
MK7 8QSProtheroe Field, Old Farm ParkMilton Keynes£612,0003

Least Expensive Streets in MK7 (Milton Keynes)

PostcodeStreetAreaAverageNo. of Sales
MK7 8EAMahler Close, Browns WoodMilton Keynes£53,6254
MK7 6BQFrithwood Crescent, Kents HillMilton Keynes£57,5254
MK7 7LFGoldilocks, Walnut TreeMilton Keynes£74,0836
MK7 7SSTrumpton Lane, Wavendon GateMilton Keynes£88,1006
MK7 7BXLichfield Down, Walnut TreeMilton Keynes£89,7504
MK7 7NHPomander Crescent, Walnut TreeMilton Keynes£92,4753
MK7 8PXVivaldi Court, Old Farm ParkMilton Keynes£94,2505
MK7 6BGTicehurst Close, Kents HillMilton Keynes£97,1405
MK7 6DTWilsley Pound, Kents HillMilton Keynes£104,38914
MK7 7NLPomander Crescent, Walnut TreeMilton Keynes£111,2229

Explore MK7 (Milton Keynes) using map

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