Friday, 23 March 2018

Which types of home sell most often in Milton Keynes?







We think your ideal home says a lot about you. If the world were your oyster, would you go for something Victorian, Georgian, a duplex apartment, new build house, or maybe a farm? Given that we live in Milton Keynes, obviously our choices are somewhat limited by reality, but what are the hottest types of property and what does this mean for sellers?


In Milton Keynes, the most common type of property is a 3 bed house. In fact, 54.3 per cent of all families in the area live in such a home. We see a lot of this kind of property come onto the market, but more compact homes are also in high demand, particularly in more central areas. One of the best things about our area is the broad variety of homebuyers all looking for their own perfect next home.


We know the most common type of property in Milton Keynes, but which kind of home changes hands most often? Unfortunately, the Land Registry does not tell us the bedroom count of homes that have sold, so we only know whether they were flats, terraces, semis or detached homes. As such, we can see that it is terraced homes which transact most frequently.


So we know that terraced homes are sold most often in Milton Keynes and most families live in a 3 bed house. In reality, we have a vast cross-section of homebuyers always looking for the perfect next home. If you are looking for someone who understands the market to help ensure you get the optimum price when you come to sell, please get in touch with us by giving us a ring.


The most common type of property is a 3 bed house. In fact, 54.3 per cent of all families in the area live in such a home.

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We've included this chart to show the relative number of flats and houses selling in the last 11 months in our area. Due to the profile of the housing stock in the area, there's nothing too surprising here, but it's interesting to see how the different types of properties contribute to total sales levels.





Annual house price index (house vs flat)


We know we live in a great area, and because most people agree, demand has driven up house prices. But how do prices in our area stack up in terms of property types? This chart looks at the comparison over the last eight years.


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