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MK9 (Milton Keynes) area guide

MK9
Milton Keynes
The MK9 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Bradwell, Campbell Park, Linford South, Milton Keynes, Walton Park, Westcroft.
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Notes:

A Mouseprice property guide for MK9 Milton Keynes is coming soon. In the meantime, please have a look at the raw data and statistics about MK9 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commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date.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:

Milton Keynes propertyThe size of the property market in MK9 is 999 homes.

Milton Keynes propertyWhen growth averages 16.1% over a 5 year period, as in this postcode district, there are a number of possible explanations, for example 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.

Milton Keynes propertyOver the last 3 months, the average property value for this postcode district has been £158151.

Milton Keynes propertySince 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 6.2.

Milton Keynes propertyNew transactions as a percentage of overall sales are 10.8%.

Housing stock:

Milton Keynes propertyOver half of the properties in the area are Flats, at 72.2% of the total housing stock.

Milton Keynes propertyFor those buyers keen to purchase Detached Houses, this would not be an ideal area, because only 3.2% are this type.

Milton Keynes propertyThe property in this area caters well for retirees and young couples who do not have large families.

Milton Keynes propertyA high proportion of property in this area is socially rented.

Milton Keynes propertyA lower than average proportion of property in this area is owner occupied. This suggests that there is a very healthy rental market.

Milton Keynes propertyThe average price of a two bed property in this area is less that the national average of £187894 at £156539.

Who lives here:

Milton Keynes propertyTotal population in this area is 1488.
Milton Keynes propertyThe average age in this area is 30.
Milton Keynes propertySingle people make up 53.8% of the population in this postcode district.
Milton Keynes propertyPeople here work very hard – men work, on average, 43 hours per week, whilst women work for 7 hours less.
Milton Keynes propertyThis area has 3.3 people per square kilometre.
Milton Keynes propertyThis area has high unemployment at 6.5%. Those in work tend to find jobs in the Wholesale & Retail or Construction sectors.
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