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House Prices in MK8

The average house price in MK8 (Milton Keynes) is £381,500 using HM Land Registry data.

The average property price increased by £27,800 (21.33%) over the last 5 years and increased by £5,557 (3.32%) over the last 12 months.

Over the last year, there were 124 residential property sales – a decrease of 111 transactions (-89.52%) relative to the previous year. The majority of house sales (29) were in the £384,000 - £472,000 range. Then came properties in the £296,000 - £384,000 range, where 24 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 89 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-17,736 (-4%).

In June 2024, there were 51 new estate agency instructions, 15 agreed home sales and 28 property price reductions.

5-Year Average Property Prices in MK8 (Milton Keynes)

21.33%

Property prices in Milton Keynes increased by 21.33% 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 MK8 (Milton Keynes) Over the Last Year

3.32%

Property prices in Milton Keynes increased by 3.32% 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 MK8 (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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 MK8 (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 MK8 (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 MK8 (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 MK8 (Milton Keynes) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the MK8 postcode area since 1995.

Recent Sales in MK8 (Milton Keynes)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
7 Albury Court, Great Holm, Milton Keynes, MK8 9DT	£375,000	£372,000	-£3,000	10 Oct 2023	22 Mar 2024	164 Days
22 Fairways, Two Mile Ash, Milton Keynes, MK8 8AJ	£525,000	£515,000	-£10,000	02 Aug 2023	13 Mar 2024	224 Days
14 Hatchlands, Great Holm, Milton Keynes, MK8 9DN	£550,000	£550,000	£00	09 Nov 2023	09 Feb 2024	92 Days
18 Morrison Court, Crownhill, Milton Keynes, MK8 0DA	£449,000	£430,000	-£19,000	15 Jan 2024	29 Jan 2024	14 Days
50 Shorham Rise, Two Mile Ash, Milton Keynes, MK8 8BT	£450,000	£440,000	-£10,000	20 Sep 2023	24 Jan 2024	126 Days
19 Thorncliffe, Two Mile Ash, Milton Keynes, MK8 8DT	£480,000	£465,000	-£15,000	28 Sep 2023	19 Jan 2024	113 Days
74 Leafield Rise, Two Mile Ash, Milton Keynes, MK8 8BX	£575,000	£558,000	-£17,000	03 Aug 2023	18 Jan 2024	168 Days
14 Holliday Close, Crownhill, Milton Keynes, MK8 0AZ	£182,500	£182,500	£00	28 Sep 2022	14 Dec 2023	442 Days
4 Denmead, Two Mile Ash, Milton Keynes, MK8 8HY	£230,000	£220,000	-£10,000	15 Aug 2023	12 Dec 2023	119 Days
3 Kensington Drive, Great Holm, Milton Keynes, MK8 9AR	£200,000	£200,000	£00	24 May 2023	24 Nov 2023	184 Days
27 Chawton Crescent, Great Holm, Milton Keynes, MK8 9EG	£750,000	£650,000	-£100,000	12 May 2023	17 Nov 2023	189 Days
65 Cruickshank Grove, Crownhill, Milton Keynes, MK8 0EW	£600,000	£570,000	-£30,000	09 Jun 2023	10 Nov 2023	154 Days
26 Holly Close, Crownhill, Milton Keynes, MK8 0DP	£72,000	£72,000	£00	23 Nov 2022	26 Oct 2023	337 Days
76 Dunthorne Way, Grange Farm, Milton Keynes, MK8 0LX	£170,000	£165,000	-£5,000	26 May 2023	17 Oct 2023	144 Days
19 Edgecote, Great Holm, Milton Keynes, MK8 9ER	£415,000	£410,000	-£5,000	30 Mar 2023	13 Oct 2023	197 Days
3 Bolan Court, Crownhill, Milton Keynes, MK8 0BT	£325,000	£305,000	-£20,000	16 Jun 2023	05 Oct 2023	111 Days
2 Dandridge Court, Grange Farm, Milton Keynes, MK8 0PQ	£69,000	£63,000	-£6,000	26 Dec 2022	24 Aug 2023	241 Days
15 Gatcombe, Great Holm, Milton Keynes, MK8 9EA	£625,000	£585,000	-£40,000	13 Jan 2023	15 Aug 2023	214 Days
5 Fennymere, Two Mile Ash, Milton Keynes, MK8 8DQ	£525,000	£513,000	-£12,000	15 Dec 2022	14 Aug 2023	242 Days
3 Chevalier Grove, Crownhill, Milton Keynes, MK8 0EJ	£350,000	£327,500	-£22,500	13 Apr 2023	11 Aug 2023	120 Days

Most Expensive Streets in MK8 (Milton Keynes)

Postcode	Street	Area	Average	No. of Sales
MK8 0LZ	Ashford Crescent, Grange Farm	Milton Keynes	£830,833	6
MK8 9EA	Gatcombe, Great Holm	Milton Keynes	£645,612	4
MK8 1AF	Limousin Avenue, Whitehouse	Milton Keynes	£622,606	8
MK8 1ES	Holstein Crescent, Whitehouse	Milton Keynes	£604,346	13
MK8 1EL	Canaria Close, Whitehouse	Milton Keynes	£600,260	5
MK8 1DU	Brecknock Chase, Whitehouse	Milton Keynes	£566,683	15
MK8 9EG	Chawton Crescent, Great Holm	Milton Keynes	£557,875	4
MK8 1DH	Drysdale End, Whitehouse	Milton Keynes	£551,996	5
MK8 1DE	Pineywoods Lane, Whitehouse	Milton Keynes	£549,043	11
MK8 8BJ	The Approach, Two Mile Ash	Milton Keynes	£546,666	3

Least Expensive Streets in MK8 (Milton Keynes)

Postcode	Street	Area	Average	No. of Sales
MK8 8LD	The High Street, Two Mile Ash	Milton Keynes	£65,166	3
MK8 1AZ	Angus Way, Whitehouse	Milton Keynes	£70,250	3
MK8 8NP	Ellesborough Grove, Two Mile Ash	Milton Keynes	£78,000	3
MK8 0NG	Innes Court, Grange Farm	Milton Keynes	£78,000	3
MK8 8HB	Corn Hill, Two Mile Ash	Milton Keynes	£89,600	3
MK8 8HA	The High Street, Two Mile Ash	Milton Keynes	£94,333	3
MK8 8AU	Norrington, Two Mile Ash	Milton Keynes	£98,333	3
MK8 1BB	Angus Way, Whitehouse	Milton Keynes	£98,500	3
MK8 0NR	Reynolds Place, Grange Farm	Milton Keynes	£100,246	13
MK8 1DA	Barrosa Way, Whitehouse	Milton Keynes	£100,875	4