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MK7 (Walnut Tree) area guide
Have your say - click here to share your opinions on MK7
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Postcode District:
MK7
Postcode District Name:
Walnut Tree
Location:
The MK7 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Browns Wood, Caldecotte, Kents Hill, Milton Keynes, Old Farm Park, Tilbrook, Walnut Tree, Walton, Walton Hall, Walton Park, Wavendon Gate.
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History:
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Present Day:
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Amenities:
Notes:
If you have any comments about MK7 that you would like to share with all visitors to this site, please feel free to post anything in our "Have your say about MK7" section.
A Mouseprice property guide for MK7 Walnut Tree is coming soon. In the meantime, please have a look at the raw data and statistics about MK7 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 MK7 is 5751 homes.
The postcode district MK7 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.
Over the last 3 months, the average property value for this postcode district has been £170994.
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 6.
New transactions as a percentage of overall sales are 2.8%.
Housing stock:
If you are specifically looking to buy Detached Houses, this would be an excellent area for you to explore, with 39.4% of properties being this type.
The least common type of property in this area is Flats (13.4% of the total housing stock).
This is an area with a high proportion of property suitable for families with children.
Socially rented accommodation represents 13.7% 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 less that the national average of £187894 at £149852.
Who lives here:
Total population in this area is 13154.
The average age in this area is 31.
Single people make up 33.8% of the population in this postcode district.
Average working hours in this area for men are 43 and for women are 34.
This area has 18.4 people per square kilometre.
The largest source of work in this area is Wholesale & Retail (19.2% of workers), followed by Construction (18.4%).
Prior to Milton Keynes, Walton was a small historic hamlet which was recorded in the Domesday book as Waleton. It is now a residential area with some light industry. The parish also includes Caldecotte and Bow Brickhill. This area also has the lowest price earnings in the South East area.
The proximity to major employers and the M1 help make the Milton Keynes area one of the best places for first-time buyers in the Home Counties. Milton Keynes also benefits from one of the lowest levels of unemployment and highest levels of educational attainment in the country.
The median age of the population in Milton Keynes is below the national average.
The new MKDons stadium in Denbigh North will be the biggest development in the history of MK outside of the city centre. Phase One provides for an inward investment of £100 million: £50 million for the stadium and infrastructure and £50 million for the ASDA and IKEA superstores. Stadium cost of £50 million includes £5 million investment in the roads adjacent to the site and £3 million for Bletchley regeneration including Bletchley Town Centre improvements, enhanced public transport, improved community facilities including a new Irish Centre and a major investment at Derwent Drive to create one of the region's best mini soccer centres. Over 2000 jobs will be created in Phase One: 1000 at ASDA, 600 at IKEA, 600 at the Stadium.
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