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House Prices in MK7

The average house price in MK7 (Milton Keynes) is £241,083 using HM Land Registry data.

The average property price increased by £64,193 (21.81%) over the last 5 years and increased by £12,833 (3.39%) over the last 12 months.

Over the last year, there were 133 residential property sales – a decrease of 88 transactions (-66.17%) relative to the previous year. The majority of house sales (33) were in the £302,000 - £408,000 range. Then came properties in the £196,000 - £302,000 range, where 32 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 73 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,657 (-2%).

In June 2024, there were 31 new estate agency instructions, 27 agreed home sales and 21 property price reductions.

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.

Property Market Heat Gauge for MK7 (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 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
20 Hindemith Gardens, Old Farm Park, Milton Keynes, MK7 8PN	£375,000	£372,500	-£2,500	12 Jan 2024	17 May 2024	126 Days
13 Tallis Lane, Browns Wood, Milton Keynes, MK7 8EB	£69,000	£69,000	£00	21 Nov 2023	28 Mar 2024	128 Days
46 Groombridge, Kents Hill, Milton Keynes, MK7 6HA	£325,000	£315,000	-£10,000	24 Aug 2023	18 Mar 2024	207 Days
76 Lichfield Down, Walnut Tree, Milton Keynes, MK7 7BD	£315,000	£310,000	-£5,000	25 Oct 2023	16 Feb 2024	114 Days
44 Wilsley Pound, Kents Hill, Milton Keynes, MK7 6DT	£70,000	£70,000	£00	26 Sep 2023	01 Feb 2024	128 Days
143 Pomander Crescent, Walnut Tree, Milton Keynes, MK7 7NL	£105,000	£105,000	£00	22 Aug 2023	31 Jan 2024	162 Days
53 Pomander Crescent, Walnut Tree, Milton Keynes, MK7 7NJ	£135,000	£115,000	-£20,000	25 Jan 2023	26 Jan 2024	366 Days
27 Pettingrew Close, Walnut Tree, Milton Keynes, MK7 7LL	£270,000	£257,500	-£12,500	13 Oct 2023	15 Jan 2024	94 Days
15 Protheroe Field, Old Farm Park, Milton Keynes, MK7 8QS	£800,000	£790,000	-£10,000	06 May 2023	12 Jan 2024	251 Days
24 Duchess Grove, Wavendon Gate, Milton Keynes, MK7 7DG	£260,000	£260,000	£00	31 Jul 2023	05 Jan 2024	158 Days
17 Bernstein Close, Browns Wood, Milton Keynes, MK7 8EH	£195,000	£190,000	-£5,000	14 Dec 2023	04 Jan 2024	21 Days
17 Fordcombe Lea, Kents Hill, Milton Keynes, MK7 6JL	£350,000	£200,000	-£150,000	16 Oct 2023	22 Dec 2023	67 Days
62 Tatling Grove, Walnut Tree, Milton Keynes, MK7 7EQ	£190,000	£182,000	-£8,000	29 Jul 2023	20 Dec 2023	144 Days
8 Walton Road, Caldecotte, Milton Keynes, MK7 8AE	£635,000	£615,000	-£20,000	09 Aug 2023	15 Dec 2023	128 Days
117 Pomander Crescent, Walnut Tree, Milton Keynes, MK7 7NL	£87,500	£85,000	-£2,500	18 Jan 2023	15 Dec 2023	331 Days
59 Groombridge, Kents Hill, Milton Keynes, MK7 6HA	£350,000	£345,000	-£5,000	13 Jun 2023	11 Dec 2023	181 Days
25 Rodwell Gardens, Old Farm Park, Milton Keynes, MK7 8QP	£269,995	£260,000	-£9,995	31 Aug 2023	07 Dec 2023	98 Days
107 Mithras Gardens, Wavendon Gate, Milton Keynes, MK7 7SY	£350,000	£345,000	-£5,000	24 Aug 2023	30 Nov 2023	98 Days
29 Boyce Crescent, Old Farm Park, Milton Keynes, MK7 8PG	£580,000	£555,000	-£25,000	12 May 2023	07 Nov 2023	179 Days
4 March Meadow, Wavendon Gate, Milton Keynes, MK7 7TB	£625,000	£605,000	-£20,000	06 Apr 2023	24 Oct 2023	201 Days

Most Expensive Streets in MK7 (Milton Keynes)

Postcode	Street	Area	Average	No. of Sales
MK7 7DL	Cloudberry, Walnut Tree	Milton Keynes	£941,000	3
MK7 7HB	Beales Lane, Walton Park	Milton Keynes	£773,333	3
MK7 8EY	Ravel Close, Old Farm Park	Milton Keynes	£732,000	5
MK7 8PD	Verdi Close, Old Farm Park	Milton Keynes	£694,998	3
MK7 8HZ	Heybridge Crescent, Caldecotte	Milton Keynes	£689,666	3
MK7 8RD	Davenport Lea, Old Farm Park	Milton Keynes	£687,500	3
MK7 7HH	Bartholomew Close, Walton Park	Milton Keynes	£642,500	6
MK7 7DD	Tamworth Stubb, Walnut Tree	Milton Keynes	£638,841	3
MK7 7HP	Limbaud Close, Walton Park	Milton Keynes	£632,500	4
MK7 8LT	Berrystead, Caldecotte	Milton Keynes	£627,666	3

Least Expensive Streets in MK7 (Milton Keynes)

Postcode	Street	Area	Average	No. of Sales
MK7 8EA	Mahler Close, Browns Wood	Milton Keynes	£47,000	3
MK7 6BQ	Frithwood Crescent, Kents Hill	Milton Keynes	£55,020	5
MK7 7SU	Fortuna Court, Wavendon Gate	Milton Keynes	£62,637	3
MK7 7LF	Goldilocks, Walnut Tree	Milton Keynes	£78,500	7
MK7 7SS	Trumpton Lane, Wavendon Gate	Milton Keynes	£81,728	7
MK7 7BX	Lichfield Down, Walnut Tree	Milton Keynes	£89,750	4
MK7 7NH	Pomander Crescent, Walnut Tree	Milton Keynes	£92,475	3
MK7 8PX	Vivaldi Court, Old Farm Park	Milton Keynes	£94,250	5
MK7 7ER	Huckleberry Close, Walnut Tree	Milton Keynes	£95,500	5
MK7 6DT	Wilsley Pound, Kents Hill	Milton Keynes	£103,696	15