Milton Keynes

Area Guide For Milton Keynes

Built on a land with history ranging over the bronze, iron and industrial ages, Milton Keynes is an English town in Buckinghamshire with a vibrant mix of both modern and old. While the city is new, it doesn’t let go of its historic roots and there is a lot to do whether you are a history or culture buff, looking for entertainment or family fun or want to enjoy nature with the lakes and parks. The Milton Keynes Theatre, Museum, Gallery and Orchestra are but a few venues, and sports fans will be happy to know that a couple of pool matches for the 2015 Rugby World Cup will be hosted by the city as well. All in all, Milton Keynes has a lot to offer both residents and visitors.

 
 

Milton Keynes Map

Estimated Price: £258,802
Average Asking Price: £305,245
Price change in last one year: £22,751
Average Price Paid: £216,643
Average Rent Rates: £2,391

 
 

Property Prices Breakdown in Milton Keynes

Average Price for property in Milton Keynes is around £258,802 which varies based on type of property you are interested in and ranges from £400,558 for detached house to around £219,829 for semi-detached. Similarly terraced house is around £183,134 and a flat is worth £141,367. Values have been changing and have risen £1,191 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,927 in last 6 months, £22,751 in last 1 year, £34,608 in last 2 years, £38,124 in last 3 years, £35,790 in last 4 years and £41,038 in last 5 years.

Currently average asking price of a property in Milton Keynes is around £305,245 based on approximately 3,539 properties for sale. Same is the case with rental options based on 570 properties up for rent, average asking rent is around £2,391 per month.

Estimated property value in Milton Keynes is £258,802. Average asking price is £305,245 while average price paid is £235,185 which is up by £22,751 and Avg. asking rent £2,391.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Milton Keynes area. In last 1 year alone average price buyer paid is around £235,185 based on approximately 3,539 sales in Milton Keynes area alone. If you compare it to last 3 years sales of 10,624 properties where buyers paid around £222,486. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £216,643 for 16,802 and average amount paid for purchase of approx. 23,740 properties sold in last 7 years comes to about £209,997 per sale.

 
 

Properties For Sale in Milton Keynes

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £142,133, £208,495 for a 2 bedroom house, £241,399 for a 3 bedroom house, £373,344 for a 4 bedroom house and £589,137 for a 5 bedroom house. For a flat similarly the prices varies from £118,329 for a single bedroom to £164,226 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £282,635 and £250,000 for a 4 bedroom flat. To sum up the asking prices for properties in Milton Keynes it comes to around average £124,083 for 1 bedroom property, £183,098 for 2 bedroom, £242,765 for 3 bedroom, £372,899 for 4 bedroom and £589,137 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £637 for 1 bedroom to £830 for 2 bedrooms, £1,097 for 3 bedrooms, £1,386 for 4 bedrooms and £1,678 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £846. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,027 and £1,433 for 3 bedroom. You should be generally be expecting around average £808 rent per month for single bedroom property, £945 for 2 bedroom, £1,116 for 3 bedroom, £1,386 for 4 bedroom and approximately £1,678 for a 5 bedroom property in Milton Keynes area.

Popular Houses in Milton Keynes

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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