Postcode District:
MK4
Postcode District Name:
Emerson Valley
Location:
The MK4 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Bletchley and Fenny Stratford, Emerson Valley, Furzton, Kingsmead, Loughton Park, Milton Keynes, Oxley Park, Snelshall West, Tattenhoe, Westcroft, Woodhill.
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Amenities:
Notes:
If you have any comments about MK4 that you would like to share with all visitors to this site, please feel free to post anything in our "Have your say about MK4" section.
A Mouseprice property guide for MK4 Emerson Valley is coming soon. In the meantime, please have a look at the raw data and statistics about MK4 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 MK4 is 5889 homes.
Given that the nominal growth rate in this postcode district (MK4) has been about 16.1% over the last 5 years, it would be reasonable to assume 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 £195197.
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 7.7.
New transactions as a percentage of overall sales are 30%.
Housing stock:
The most readily available type of property in the area are Detached Houses, making up 39.7% of the total.
The least common type of property in this area is Flats (8.8% of the total housing stock).
This is an area with a high proportion of property suitable for families with children. alt="Emerson Valley property">Socially rented accommodation represents a significant percentage of the total rented accommodation in the area at 15.2%.
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 £156715.
Who lives here:
Total population in this area is 14467.
The average age in this area is 31.
Single people make up 33.7% of the population in this postcode district.
Average working hours in this area for men are 43 and for women are 33.
This area has 11.9 people per square kilometre.
The largest source of work in this area is Wholesale & Retail (20.4% of workers), followed by Construction (17.5%).
MK4 centres around the suburb of Furzton. It is well served by public transport and road links for car owners are also good. It is only a 5 minute drive from the centre of Milton Keynes but the lake nearby make it very picturesque.
It is located near Bletchley which provides shops for those not wishing to visit the city centre. Milton Keynes Council, Bletchley Development Board, English Development Board and the South East of England Development Agency are working together to regenerate Bletchley High Street. The project area includes the main shopping street, Stephenson House, Railway Station, Bletchley Park, Leisure Complex, MK College and Administrative services.
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