Looking for your next home or investment?

We partner with the best agents to help you find your dream house. We also partner with Strike to help you sell your property if you are moving out

Find your dream property:

See properties for sale

Sell your property with Strike:

Get a free valuation

Our customers trust our expertise

A guide on Rightmove property in Milton Keynes

by | Jul 6, 2023

Home $ An overview on Rightmove property listings in the UK $ A guide on Rightmove property in Milton Keynes

Deciding on the right property to purchase in the UK is a big deal. The decision to rent and where to rent is also a huge decision too. This article goes over the Rightmove data related to Milton Keynes and analyses just how good of an area it is to find somewhere to buy or to rent.
By the end of the article, you should be able to make an informed decision and pick from the list of properties to rent or the 11 number of properties that are sold.

We help you find the right agent

At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Milton Keynes to help you find the perfect agent for you

Download the directory

Home listings in Milton Keynes on the platform of Rightmove

Property investment opportunities presented on Rightmove in the city of Milton Keynes

Rightmove data can tell you a lot about the average asking rents of the area of Milton Keynes. For example, the table below goes over how rents are distributed according to the number of rooms in the property. Also, the national figure for rental yield that is most common is 4.4%. The £0 which is the average yield of rent in the area can be compared for reference.
Read on to see what kind of rent you are looking to charge if you bought a property to see what size is best. Bear in mind as you do so that the average amount of rent that is asked for is £1,218.

Asking rent Bedrooms
no relevant data for this city 5
no relevant data for this city 4
no relevant data for this city 3
no relevant data for this city 2
MK2 1

The greater the number of sales per month in the area of Milton Keynes, the more it could be argued that the property market is improving. As you read on, consider this factor amongst others such as the type of property that is in the area.

Linking rental yields with Rightmove property listings in Milton Keynes

Rental yield in Milton Keynes is £0 as of 2023. However, this is not to say that there are not higher yields out there. When the economy was favourable for property in 2018. Yields were as high as 11% in places like Sheffield in some cases. However, an average, yet respectable figure you can expect from a property in the UK is around 4.4% so you can compare Milton Keynes’s yield of £0 to see if you are above or below.
It is useful to note that even though a property may have a below average rental yield, it can still benefit from capital appreciation over time and this profit can be taken when the property is sold.

Average sold prices of properties on Rightmove

By looking at the below table taken from Rightmove data, you can gain great insights into the property market of Milton Keynes. With an overall sold price of approximately £299,937, according to Rightmove and further listing platforms such as Zoopla, buyers can now make an informed decision as to whether this suits their budget.

Class of property Average sale
Flat £168,352
Terraced house £261,318
Semi-detached house £287,014
detached house £425,923

In terms of the number of planning permission applications on Rightmove, what should there be in Milton Keynes?

In the UK, planning applications result in a success rate of 82% most of the time. In Milton Keynes, people plan to make modifications to their properties and apply for planning permission with a planning success rate of nan.

This is interesting data for investors in particular. An above average success indicates renovations are tried and tested and likely an investment from landlords. This is a great opportunity for investors to model what works in the area and do the same. On the other hand, a lower approval indicates there are more ambitious proposals in the area and of the 7 monthly planning applications in Milton Keynes, property here is more difficult to conduct improvements on.

If you don’t want to deal with planning permission, consider buying a property as a leaseholder which means you don’t own the land and any planning permission is done by the freeholder who owns the land.

If you do this, you will have to look at when a leasehold expires as well as other disadvantages though. However, there are pros and cons of being a leaseholder or a freeholder. For instance, as a freeholder, you may have to evict a leaseholder in a process known as a forfeiture of lease. So, pay attention to the advantages and disadvantages and what path you actually want to go down.

An overview of Milton Keynes property in Rightmove from an investment perspective

When weighing up an investment property, take into careful consideration the data provided by Rightmove as if you use them the right way, you can really use them to make informed decisions.



By closely examining the monthly property sales volume in the area and looking at this in relation to the number of homes there are (currently 11 properties are sold each month), you can work out the turnover too, which is 1.6 in Milton Keynes.



Even if these figures appear to be positive, it is still worth looking at other factors like the population difference over ten years which is 10%. Also comparing this data to an area slightly bigger, such as South East by visiting our page for this, you can find additional data to help you on your search too.

Properties to Rent in Milton Keynes on Rightmove

Concerning Rightmove, what is the education level like in Milton Keynes?

If you are renting or looking to rent, it is good practice to recognise if in the area you are searching, the people have higher incomes. The average household income in this area is £54,564.44 and this figure on a nationwide level has an average of £34,000. It is important to understand this because you want to be in a location that suits your taste and budget.
Milton Keynes’s demographics also reveal a population of 238814 individuals and a percentage of people with degrees falling at 28%. Keep this in mind too and compare it to the average percentage of degrees in the UK which is 22.6%. You don’t necessarily want to be around people you aren’t like or have nothing in common with.

Sometimes, buying isn’t suitable for everyone. Fortunately, renting is also an option and there is a lot of data that can be gathered from Rightmove for this too.

In Milton Keynes, in terms of affordable housing and social rent, what does Rightmove data show?

There is often a negative stigma attached to affordable housing and social rent. If you are looking for Rightmove data concerning this, the percentage of people renting from the government is: 14%. Also, in Milton Keynes, the average amount that people earn per household is £54,564.44. These are not standalone figures so it is important to compare this data to other factors such as the crime rate and also visit an area in person to truly see what it is like. Take these figures with a pinch of salt as there are areas that are unsafe in the UK where people earn a higher wage such as some areas in Central London. On the other hand, there are places with high amounts of social rent where crime rate isn’t high at all like in Ardwick, Manchester. People earn a humble average household income of £30,450 yet the rate of crime is just 1 out of every 1000 people.

In the city of Milton Keynes, regarding Rightmove, what would it look like living in a HMO?

In Milton Keynes, of the total number of licensed HMOs (nan) that are legally registered as a House of Multiple Occupancy, the average asking rent is no relevant data for this city. If you are trying to find a cheap way to rent but also don’t want to share the entire property with other renters, you also have the option to rent a room with a bathroom attached. These are known as ensuites and the cost to rent one in Milton Keynes is currently £589, usually slightly above what is asked to rent a normal room without an ensuite in a HMO.

How much green space do properties have in Milton Keynes according to Rightmove?

In Milton Keynes, the available data reveals that there are 24.2 acres of green space per thousand residents. By comparing this value to the recommended standard of 6, we can gauge the presence of green space in the area using statistics found on listing portals such as Rightmove.
Adequate green space is a valuable asset for all individuals as it has a huge impact on the mental and physical health of residents. Unfortunately, it is often compromised in numerous locations. For instance, in urban settings, the quantity of green space frequently falls short of the recommended measure of 6 acres of green space for every thousand individuals.

What questions are asked most frequently?

Discover the mean property value in Milton Keynes as reported on Rightmove.

The average property price for the UK currently stands at £286,000. In the local area of Milton Keynes, the average price of a house for sale in the area is £299,937

When utilising Rightmove for finding property in Milton Keynes, are there any charges to consider?

Landlords need to be vigilant about various expenses, including stamp duty rates, capital gains tax, renovation expenditures, and the deductible costs applicable to properties in a personal name. (relevant for UK property)

Is there substantial criminal activity in the area around Milton Keynes as indicated by Rightmove?

The ongoing crime rate in Milton Keynes indicates 15313% instances for every 1000 citizens.

How many monthly property sales does Milton Keynes witness according to listing platforms?

To interpret the insights drawn by listing portals like Rightmove, begin by recognizing that the ongoing rate of houses sold per month is counted at 11 as of recent data.

According to Rightmove, what’s the mean price of a three-bedroom property in Milton Keynes?

The average cost to rent a property with three bedrooms is no relevant data for this city. This can be weighed against the average property price trends.

Grab the latest property news, tailored for landlords

Viral, succinct and crucial information, straight to your inbox, every week

donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *