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MK Postcode Area - MK1, MK2, MK3, MK3, MK4, MK5, MK6, MK7, MK8, MK9 Property Market 2017

This Post covers 

  • Coverage Area of Postcode MK1 to MK9
  • Total Values of Properties Sold in 2017
  • Average Sales Price in 2017
  • Median Sales Price in 2017
  • Standard Deviation of Sales Price in 2017
  • Total Number of Properties Sold in 2017
  • Total Number of Buy-To-Let Properties in 2017
  • Multi Year Property Trend Analysis 
  • Schools for Postcode Area MK
  • Posts for Postcode Area MK

 

Coverage Area of Postcode MK1 to MK9

Postcode                 Coverage Area          Local Authority Area
MK1  Denbigh, Mount Farm Milton Keynes
MK2  Brickfields, Central Bletchley, Fenny Stratford, Water Eaton Milton Keynes
MK3 Church Green, Far Bletchley, Old Bletchley, Newton Leys, West Bletchley Milton Keynes, Aylesbury Vale
MK4 Emerson Valley, Furzton, Kingsmead, Oxley Park, Shenley Brook End, Snelshall West, Tattenhoe, Tattenhoe Park, Westcroft, Whaddon, Woodhill Milton Keynes, Aylesbury Vale
MK5  Crownhill, Elfield Park, Grange Farm, Oakhill, Knowlhill, Loughton, Medbourne, Shenley Brook End, Shenley Church End, Shenley Lodge, Shenley Wood Milton Keynes
MK6 Ashland, Beanhill, Bleak Hall, Coffee Hall, Eaglestone, Fishermead, Leadenhall, Netherfield, Oldbrook, Peartree Bridge, Redmoor, Springfield, Tinkers Bridge, Woughton on the Green, Woughton Park, Simpson, Winterhill Milton Keynes
MK7 Browns Wood, Caldecotte, Kents Hill, Tilbrook, Walton, Walton Hall, Wavendon, Wavendon Gate, Old Farm Park Milton Keynes
MK8  Crownhill, Grange Farm, Great Holm, Hazeley, Loughton, Loughton Lodge, Two Mile Ash, Wymbush Milton Keynes
MK9  Central Milton Keynes, Campbell Park Milton Keynes

 

Total Value of Properties Sold in 2017

*M represents millions

*Total value includes Property Type Other apart from Detached, Semi-Detached, Terraced, Flat/Masionette

 

Average Sales Price in 2017

Postcode Detached Semi-Detached Terraced Flat
MK1 £457K £310K   £96K
MK2 £287K £246K £200K £176K
MK3 £380K £272K £245K £173K
MK4 £438K £265K £236K £125K
MK5 £513K £276K £256K £154K
MK6 £363K £230K £194K £122K
MK7 £509K £249K £201K £125K
MK8 £424K £271K £240K £152K
MK9 £305K £245K £282K £206K

 

Median Sales Price in 2017

Postcode Detached Semi-Detached Terraced Flat
MK1 £456K £305K   £94K
MK2 £280K £245K £187K £185K
MK3 £375K £272K £240K £190K
MK4 £424K £270K £245K £105K
MK5 £490K £275K £240K £150K
MK6 £350K £225K £198K £120K
MK7 £465K £255K £210K £90K
MK8 £395K £275K £227K £154K
MK9 £305K £245K £275K £215K

 

Standard Deviation of Sales Price in 2017

Postcode Detached SemiDetached Terraced Flat
MK1   £60K   £2K
MK2 £71K £44K £54K £42K
MK3 £98K £43K £52K £45K
MK4 £127K £80K £83K £62K
MK5 £208K £103K £84K £81K
MK6 £141K £74K £48K £53K
MK7 £187K £78K £98K £72K
MK8 £119K £82K £97K £70K
MK9     £59K £61K

For example,

  • Say the average detached property price for postcode XYZ is £300 K and ST. DEV. is £30 K.
  • It means that most detached properties in postcode XYZ (about 68%) has price within one ST. Dev. i.e. the price range is  £270K - £330K.
  • All-most all detached property price (95%) in postcode XYZ lie between two ST. Dev.  i.e. £240 K - £360 K

 

Total Number of Properties Sold in 2017

Postcode Detached Semi-Detached Terraced Flat
MK1 1 6 0 2
MK2 14 62 114 57
MK3 103 185 95 77
MK4 141 92 96 57
MK5 94 42 35 35
MK6 39 47 128 47
MK7 77 56 49 38
MK8 112 73 42 45
MK9 1 1 8 165

 

Total Number of Buy-To-Let Properties in 2017

The Table below gives in percentage, the total number of properties purchased as Buy-To-Let.

Postcode Detached Semi-Detached Terraced Flat
MK1 0% 0% 0% 100%
MK2 7% 5% 31% 11%
MK3 0% 8% 11% 5%
MK4 9% 9% 15% 12%
MK5 2% 5% 11% 11%
MK6 3% 17% 34% 23%
MK7 4% 5% 10% 13%
MK8 5% 8% 17% 0%
MK9 0% 0% 50% 22%

*Buy-to-let consists of Buy-to-lets (where they can be identified by a Mortgage) ,transfers to non-private individuals,  transfers under a power of sale/repossessions

 

Multi Year Property Trend Analysis By Postcode

Postcode Post
MK1 Trend Analysis Details
MK2 Trend Analysis Details
MK3 Trend Analysis Details
MK4 Trend Analysis Details
MK5 Trend Analysis Details
MK6 Trend Analysis Details
MK7 Trend Analysis Details
MK8 Trend Analysis Details
MK9 Trend Analysis Details

 

Schools for Postcode Area MK

 

Posts for Postcode Area MK

 

All MK Postcodes Yearly & Trend Analysis Posts

Reference

MK Postcode Area As Per Wikipedia