Postcode District:
MK12
Postcode District Name:
Wolverton
Location:
The MK12 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Greenleys, Hodge Lea, Milton Keynes, Old Wolverton, Stacey Bushes, Stony Stratford, Wolverton, Wolverton Mill.
|
Amenities:
Notes:
If you have any comments about MK12 that you would like to share with all visitors to this site, please feel free to post anything in our "Have your say about MK12" section.
A Mouseprice property guide for MK12 Wolverton is coming soon. In the meantime, please have a look at the raw data and statistics about MK12 that can be found by click the relevant links on the left hand side.
Old area guide:
The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.
Market trends:
 The size of the property market in MK12 is 4485 homes.
When growth averages 16.1% over a 5 year period, as in this postcode district, there are a number of possible explanations, for example that this isa dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.
Over the last 3 months, the average property value for this postcode district has been £144673.
Since most banks lend money to buy property using their customers’ salary as a indicator of affordability, the price earnings ratio is a useful guide as to whether property in an area is expensive or not. Price Earnings Ratio in this postcode district is 8.4.
New transactions as a percentage of overall sales are 7.2%.
Housing stock:
Over half of the properties in the area are Terraced Houses, at 50.1% of the total housing stock.
Detached Houses account for the lowest percentage of the housing stock in this district, at only 8.3%.
The property in this area caters well for retirees and young couples who do not have large families.
A high proportion of property in this area is socially rented.
The majority of property in this area is owner occupied.
The average price of a two bed property in this area is less that the national average of £187894 at £145198.
Who lives here:
The population of this postcode district is 10761.
The average age in this area is 34.
Single people make up 32% of the population in this postcode district.
Average working hours in this area for men are 42 and for women are 32.
This area has 16 people per square kilometre.
The largest source of work in this area is Wholesale & Retail (22.9% of workers), followed by Construction (16.3%).
|