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MK3 (Bletchley) area guide
Have your say - click here to share your opinions on MK3
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Postcode District:
MK3
Postcode District Name:
Bletchley
Location:
The MK3 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Bletchley, Bletchley and Fenny Stratford, Buckinghamshire, Denbigh, Eaton Manor, Milton Keynes, Newton Longville, Whaddon.
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History:
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Present Day:
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Amenities:
Notes:
If you have any comments about MK3 that you would like to share with all visitors to this site, please feel free to post anything in our "Have your say about MK3" section.
A Mouseprice property guide for MK3 Bletchley is coming soon. In the meantime, please have a look at the raw data and statistics about MK3 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 MK3 is 8470 homes.
The postcode district MK3 has been experiencing annual growth of 16.1% over the last 5 years excluding the effect of inflation. This growth rate tends to indicatea 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.
Average property prices in this postcode district over the last three months have been approximately £167511.
When examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 9.7.
New transactions as a percentage of overall sales are 8.8%.
Housing stock:
The most readily available type of property in the area are Semi- Detached Houses, making up 43.2% of the total.
For those buyers keen to purchase Flats, this would not be an ideal area, because only 9.8% are this type.
This is an area with a high proportion of property suitable for families with children. alt="Bletchley property">Socially rented accommodation represents a significant percentage of the total rented accommodation in the area at 19%.
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 £182527.
Who lives here:
The population of this postcode district is 20994.
The average age in this area is 39.
This area has a high percentage of married people at 25%.
Average working hours in this area for men are 42 and for women are 31.
This area has 33.9 people per square kilometre.
The largest source of work in this area is Wholesale & Retail (22.2% of workers), followed by Construction (15.5%).
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