Buying a property in Milton Keynes

Milton Keynes, Buckinghamshire, is a relatively new city, built mostly in the post-war period. Planners named it after two villages that formerly sat on the site: Milton and Keynes. It is now a hub for entrepreneurs and dynamic businesses and features a grid-like road system, virtually unique in the UK.

Property Prices In Milton Keynes

Given its status as a commercial hub, property prices in Milton Keynes are substantially higher than the UK average. The overall mean cost of a home is £302,973, with detached properties selling for £454,237 and semi-detached going for £277,961. Prices have increased by around 4 per cent since their 2017 peak of £290,918.

Best Areas To Buy And Local Amenities

Central Milton Keynes is the best area to earn high returns on residential properties for buy-to-let investors, with yields of roughly six per cent per annum. Returns in other parts of the city, such as Loughton and Great Holm, Milton Keynes Village, Monsoon, Kents Hill and Brinklow tend to average between 3 and 5 per cent.

Those looking for upmarket properties should consider Willen. This modern development sits close to Willen Lake – a popular park close to various gyms and office complexes – making it ideal for people who work in local businesses.

Walnut Tree is to the south of the town is a relatively prestigious location, featuring new, high-spec homes. It sits close to its own shopping area and medical facilities and is a few minutes walk from Woughton Park – a large green strip that runs through the centre of the city.

Kents Hill is an older residential area that sits close to the campus of The Open University. Wolverton and Bletchley are less attractive districts for people looking to buy properties in the area. However, their reputation makes them great for value investors.

How to get a mortgage in Milton Keynes

FREE MORTGAGE ADVICE

YesCanDo Money offers free advice online and over the phone. Receive excellent mortgage support from our fee-free service that helps you with getting the best mortgage deal.

We are an FCA approved FREE mortgage broker covering Milton Keynes, Buckinghamshire and the whole UK. We have a team of CeMAP qualified independent mortgage advisers and protection advisers. We offer advice into the finance market and a range of mortgages as well as protection/life insurance.

Things To Do

Milton Keynes is the largest town in Buckinghamshire and a significant commercial hub, midway between London and Birmingham. It features several impressive amenities.

Snowzone located on Marlborough Gate near the centre of the city is a giant, indoor ski slope whose facade dominates the skyline. It offers skiing lessons on real snow. Visitors are encouraged to arrive in full garb.

Climbing enthusiasts love Milton Keynes too, thanks to the Big Rock Hub. This massive indoor arena hosts a variety of climbs for people of all skill levels and regularly features climbing events and challenges. Instructors are available for lessons.

Milton Keynes’ most famous attraction is Bletchley Park – the country mansion in which British scientists and mathematicians broke the German enigma code. The centre is now open to visitors, offering insight on how codebreakers managed to do the impossible and shorten WWII by two years, potentially saving millions of lives. Related to Bletchley Park is The National Museum of Computing, which pays homage to the first general-purpose machines created by Alan Turing and John Von Neumann.

Venues for children include Gulliver’s Land – a miniature theme park – and Formula Fast Indoor Karting.

Schools

Milton Keynes offers parents a selection of schools rated “outstanding” by Ofsted. Top of the list, according to Schools Guide, is The Webber Independent School for children aged 0 to 16. One hundred per cent of students here received a “strong pass” at GCSE in both English and maths. Other schools in the outstanding category include Ashbrook School in Two Mile Ash, Drayton Park School in Water Eaton, Middleton Primary School in Middleton, and Stoke Goldington Church of England School to the north of the city. In total, Ofsted gave twenty-eight schools in Milton Keynes and the surrounding area its top rating.

Transport Links

Milton Keynes is a major transport hub and specifically designed to facilitate the movement of people. The city is excellent for cars, featuring a grid road system linked together by multiple roundabouts. Unlike traditional towns, Milton Keynes doesn’t have a clearly-defined urban centre. Development is more piecemeal. This unique property of the city helps to distribute traffic more evenly and prevent bottlenecks, allowing commuters to zip to local offices quickly, even during traditional rush hour.

Milton Keynes sits close to the geographic centre of England, offering excellent rail and road links to London, Oxford, Birmingham, Cambridge, Reading and Luton airport. The M1 passes right by the city, offering road commuters access to the midlands and north. Heathrow is 1.5 hours by train and Gatwick is accessible via National Express services that run every hour from the coach station.

Milton Keynes also offers a park and ride, accessible from junction 14 on the M1.