New Milton

Area Guide For New Milton

Milton Keynes Central railway station serves Central Milton Keynes and the surrounding area of Milton Keynes, Buckinghamshire. The station is located on the West Coast Main Line between the stations of Bletchley and Wolverton, both of which are also within Milton Keynes. The station is served by Virgin Trains inter-city services and by London Midland local services. Also, Southern provide services to South Croydon via West London. This station is one of the five stations serving Milton Keynes. The others are Wolverton (north Milton Keynes), Bletchley (south Milton Keynes), Fenny Stratford (also south Milton Keynes) and Bow Brickhill (south-east Milton Keynes). In addition, Woburn Sands railway station is just outside the Milton Keynes boundary and serves the south-east of the Borough. Milton Keynes Central, which opened on 17 May 1982, is by far the busiest and most important of these, as well as being the largest in terms of platforms in use, having overtaken Bletchley when platforms 2A and 6 became operational. Milton Keynes Central has a total of seven platforms. Platforms 1 and 3 are the south and northbound slow platforms, while 4 and 6 are the south and northbound fast.

 
 

New Milton Map

Estimated Price: £320,757
Average Asking Price: £388,718
Price change in last one year: £20,277
Average Price Paid: £275,508
Average Rent Rates: £1,529

 
 

Property Prices Breakdown in New Milton

Average Price for property in New Milton is around £320,757 which varies based on type of property you are interested in and ranges from £412,083 for detached house to around £273,427 for semi-detached. Similarly terraced house is around £220,747 and a flat is worth £189,821. Values have been changing and have risen £302 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £966 in last 6 months, £20,277 in last 1 year, £35,098 in last 2 years, £33,481 in last 3 years, £38,493 in last 4 years and £30,381 in last 5 years.

Currently average asking price of a property in New Milton is around £388,718 based on approximately 522 properties for sale. Same is the case with rental options based on 19 properties up for rent, average asking rent is around £1,529 per month.

Estimated property value in New Milton is £320,757. Average asking price is £388,718 while average price paid is £300,941 which is up by £20,277 and Avg. asking rent £1,529.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in New Milton area. In last 1 year alone average price buyer paid is around £300,941 based on approximately 522 sales in New Milton area alone. If you compare it to last 3 years sales of 1,521 properties where buyers paid around £284,614. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £275,508 for 2,422 and average amount paid for purchase of approx. 3,302 properties sold in last 7 years comes to about £269,244 per sale.

 
 

Properties For Sale in New Milton

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £72,475, £262,311 for a 2 bedroom house, £396,787 for a 3 bedroom house, £538,552 for a 4 bedroom house and £650,646 for a 5 bedroom house. For a flat similarly the prices varies from £103,131 for a single bedroom to £230,178 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £349,970. To sum up the asking prices for properties in New Milton it comes to around average £99,043 for 1 bedroom property, £241,789 for 2 bedroom, £392,492 for 3 bedroom, £538,552 for 4 bedroom and £650,646 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £797 for 2 bedroom to £1,315 for 3 bedroom, £997 for 4 bedroom and £3,995 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £611. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £784. You should be generally be expecting around average £611 rent per month for single bedroom property, £792 for 2 bedroom, £1,315 for 3 bedroom, £997 for 4 bedroom and approximately £3,995 for a 5 bedroom property in New Milton area.

Popular Houses in New Milton

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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