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MK46 (Olney) area guide
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Postcode District:
MK46
Postcode District Name:
Olney
Location:
The MK46 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Clifton Reynes, Cold Brayfield, Emberton, Lavendon, Olney, Ravenstone, Sherington, Warrington, Weston Underwood.
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History:
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Present Day:
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Amenities:
Notes:
If you have any comments about MK46 that you would like to share with all visitors to this site, please feel free to post anything in our "Have your say about MK46" section.
A Mouseprice property guide for MK46 Olney is coming soon. In the meantime, please have a look at the raw data and statistics about MK46 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 MK46 is 3592 homes.
The postcode district MK46 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 £238259.
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 6.3%.
Housing stock:
If you are specifically looking to buy Detached Houses, this would be an excellent area for you to explore, with 43.8% of properties being this type.
The least common type of property in this area is Flats (5.1% of the total housing stock).
This is an area with a high proportion of property suitable for families with children.
Socially rented accommodation represents 8.7% of the total rented accommodation in the area.
The majority of property in this area is owner occupied.
The average price of a two bed property in this area is higher than the national average of £187894 at £211813.
Who lives here:
There are 4184 men and 4320 women in this postcode district.
The average age in this area is 39.
This area has a high percentage of married people at 22.7%.
Average working hours in this area for men are 44 and for women are 32.
This area has 1.6 people per square kilometre.
Job prospects in this area are good with low unemployment (1.9%). Most jobs are found in the Wholesale & Retail and Construction sectors.
This area has one of the highest proportions of degree educated people in the country, at 30.4%.
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