Postcode District:
MK8
Postcode District Name:
Two Mile Ash
Location:
The MK8 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Crownhill, Grange Farm, Great Holm, Hazeley, Loughton Lodge, Loughton Park, Milton Keynes, Stony Stratford, Two Mile Ash, Wymbush.
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Amenities:
Notes:
If you have any comments about MK8 that you would like to share with all visitors to this site, please feel free to post anything in our "Have your say about MK8" section.
A Mouseprice property guide for MK8 Two Mile Ash is coming soon. In the meantime, please have a look at the raw data and statistics about MK8 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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 MK8 is 3846 homes.
The postcode district MK8 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.
During the last 3 months, property in this postcode district has averaged a value of £163600.
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 6.7.
New transactions as a percentage of overall sales are 10.2%.
Housing stock:
Detached Houses make up the most significant portion of the housing stock, representing 46.2% of the total.
Flats account for the lowest percentage of the housing stock in this district, at only 9.9%.
This is an area with a high proportion of property suitable for families with children.
Socially rented accommodation represents only a small percentage of rented accommodation in the area at 8%.
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 £148733.
Who lives here:
Total population in this area is 9334.
The average age in this area is 33.
Single people make up 30.8% of the population in this postcode district.
Average working hours in this area for men are 42 and for women are 33.
This area has 22.5 people per square kilometre.
The largest source of work in this area is Wholesale & Retail (19.5% of workers), followed by Construction (17.5%).
According to Local Estate Agents, MK 8 is a desirable area of Milton Keynes, lying only a 5 minute drive outside of Milton Keynes town centre. It is also an area attractive to first time buyers, as specific schemes are being run to attract them, such as Shared ownership properties.
If driving into the town centre there are adequate car parks, alternatively public transport all over Milton Keynes is good. Development is more or less complete now. The hospital is also near by.
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