Housing Market Analysis for SPARK WAY, MK16 8RE

Are you looking to understand MK16 8RE house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Milton Keynes postcode.

For the location information and nearby amenities in the MK16 8RE area, explore the MK16 8RE Area information page.
For comprehensive crime statistics in the MK16 8RE area, explore the MK16 8RE Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the MK16 8RE postcode area, The average prices are as follows,

Semi-Detached
- The average price is around £200,333 median price is £164,500 Standard Deviation is £138,159 with Total Sold: 6
- The Last 5 Year average price is £375,000 with Total Sold: 2
- The most recent sale happened at this postcode is 7 SPARK WAY: £380,000 (Sold on 13 Jul 2023)
- The first recorded sale happened at this postcode is 9 SPARK WAY: £58,500 (Sold on 30 Jul 1997)
Detached
- The average price is around £181,273 median price is £171,000 Standard Deviation is £76,515 with Total Sold: 11
- The most recent sale happened at this postcode is 5 SPARK WAY: £297,000 (Sold on 01 May 2015)
- The first recorded sale happened at this postcode is 3 SPARK WAY: £76,000 (Sold on 22 Nov 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average MK16 8RE house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£380,000	£3,918	1
2021	£370,000	£2,450	1
2015	£243,000	£1,609	1
1999	£86,000		1
1997	£61,500	£801	2

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2015	£297,000	£2,700	1
2014	£280,000	£2,857	1
2011	£206,000	£2,102	2
2010	£250,000	£2,551	1
2007	£230,000	£1,523	1
2002	£125,000	£828	1
1999	£104,500	£1,005	2
1998	£115,000	£966	1
1996	£76,000	£776	1

All the Sales in the SPARK WAY, MK16 8RE

See the table below for more details on the sold house prices in the MK16 8RE, Milton Keynes postcode.

Address	Sold Date	Price	% Change
7 SPARK WAYSemi-Detached, FreeholdArea: 97 Sq.mtrAge: 1976-1982	13 Jul 2023	£380,000	First Sale
8 SPARK WAYSemi-Detached, FreeholdArea: 151 Sq.mtrAge: 1976-1982	27 Jul 2021	£370,000	52.26%
	20 Jan 2015	£243,000	5.65%
	29 Jun 2007	£230,000	84.00%
	04 Oct 2002	£125,000	First Sale
5 SPARK WAYDetached, FreeholdArea: 110 Sq.mtrAge: 1976-1982	01 May 2015	£297,000	170.00%
5 SPARK WAYDetached, FreeholdArea: 110 Sq.mtrAge: 1976-1982	19 Feb 1999	£110,000	First Sale
3 SPARK WAYDetached, FreeholdArea: 98 Sq.mtrAge: 1976-1982	11 Jul 2014	£280,000	16.18%
	09 Dec 2011	£241,000	40.94%
	11 May 2011	£171,000	-31.60%
	29 Apr 2010	£250,000	152.53%
	27 Sep 1999	£99,000	30.26%
	22 Nov 1996	£76,000	First Sale
10 SPARK WAYSemi-Detached, Freehold	26 Nov 1999	£86,000	33.33%
10 SPARK WAYSemi-Detached, Freehold	14 Nov 1997	£64,500	First Sale
6 SPARK WAYDetached, FreeholdArea: 119 Sq.mtrAge: 1967-1975	30 Jul 1998	£115,000	First Sale
9 SPARK WAYSemi-Detached, FreeholdArea: 73 Sq.mtrAge: 1967-1975	30 Jul 1997	£58,500	First Sale

Check out the sold house prices near the MK16 8RE postcode. Properties currently for saleProperties currently for rent

SPARK WAY, MK16 8RE Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the MK16 8RE postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the MK16 8RE postcode.

Detached
- The average price is around £247,452 median price is £225,000 Standard Deviation is £140,568 with Total Sold: 656
- The Last 5 Year average price is £464,494 with Total Sold: 79
- The most recent sale happened at this postcode is , 148 WESTBURY LANE: £488,000 (Sold on 20 Sep 2024)
- The first recorded sale happened at this postcode is , 31 SORRELL DRIVE: £45,950 (Sold on 27 Jan 1995)
Terraced
- The average price is around £134,785 median price is £130,500 Standard Deviation is £75,831 with Total Sold: 753
- The Last 5 Year average price is £261,666 with Total Sold: 80
- The most recent sale happened at this postcode is , 147 WESTBURY LANE: £344,000 (Sold on 09 Aug 2024)
- The first recorded sale happened at this postcode is , 4 CHRISTIE CLOSE: £38,000 (Sold on 20 Jan 1995)
Flat
- The average price is around £85,904 median price is £90,000 Standard Deviation is £41,421 with Total Sold: 75
- The Last 5 Year average price is £163,400 with Total Sold: 5
- The most recent sale happened at this postcode is , 44 PENNYCRESS WAY: £180,000 (Sold on 12 Jul 2024)
- The first recorded sale happened at this postcode is , 9 CHARLOCK COURT: £34,950 (Sold on 24 Feb 1995)
Semi-Detached
- The average price is around £161,544 median price is £156,000 Standard Deviation is £90,273 with Total Sold: 773
- The Last 5 Year average price is £303,561 with Total Sold: 94
- The most recent sale happened at this postcode is , 24 CHRISTIE CLOSE: £275,000 (Sold on 03 Jul 2024)
- The first recorded sale happened at this postcode is , 17 BYRON DRIVE: £53,000 (Sold on 11 Jan 1995)
Other
- The average price is around £688,341 median price is £688,341 Standard Deviation is £353,341 with Total Sold: 2
- The Last 5 Year average price is £688,341 with Total Sold: 2
- The most recent sale happened at this postcode is , 6 WORDSWORTH AVENUE: £1,041,682 (Sold on 15 Sep 2019)
- The first recorded sale happened at this postcode is , 10 THOMAS DRIVE: £335,000 (Sold on 01 Feb 2019)

Sold Price Trend Over the Years:

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£476,286	£4,890	7
2023	£521,292	£4,681	12
2022	£496,821	£4,410	14
2021	£445,022	£4,127	23
2020	£434,000	£3,701	9
2019	£429,179	£4,020	14
2018	£430,694	£3,720	18
2017	£397,468	£3,960	16
2016	£380,374	£3,446	23
2015	£341,400	£3,263	20
2014	£314,476	£2,832	21
2013	£293,222	£2,743	18
2012	£283,167	£2,527	15
2011	£238,944	£2,436	18
2010	£257,583	£2,593	21
2009	£252,312	£2,089	16
2008	£310,556	£2,585	9
2007	£248,619	£2,394	29
2006	£271,354	£2,141	31
2005	£240,537	£2,312	12
2004	£255,579	£1,988	19
2003	£249,611	£1,914	22
2002	£188,463	£1,622	34
2001	£150,516	£1,335	25
2000	£150,599	£1,247	34
1999	£133,517	£1,091	40
1998	£110,101	£927	43
1997	£105,452	£938	55
1996	£88,467	£786	25
1995	£80,004	£680	13

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£298,889	£3,956	9
2023	£273,432	£4,458	11
2022	£297,083	£4,530	12
2021	£256,533	£3,769	15
2020	£248,333	£3,535	18
2019	£223,500	£3,711	15
2018	£242,520	£3,491	25
2017	£224,309	£3,698	21
2016	£225,417	£3,631	18
2015	£190,386	£3,101	22
2014	£181,277	£2,948	30
2013	£150,671	£2,307	19
2012	£153,542	£2,378	24
2011	£152,367	£2,397	15
2010	£153,177	£2,258	11
2009	£147,179	£2,417	14
2008	£152,773	£2,342	11
2007	£162,320	£2,713	31
2006	£139,142	£2,188	37
2005	£134,610	£2,235	25
2004	£137,276	£2,308	27
2003	£116,765	£1,931	43
2002	£93,848	£1,667	34
2001	£80,523	£1,259	46
2000	£73,600	£1,244	67
1999	£58,785	£1,016	48
1998	£52,300	£796	33
1997	£47,193	£795	31
1996	£44,000	£681	17
1995	£41,044	£786	24

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£180,000		1
2022	£163,167	£3,478	3
2019	£147,500	£3,207	1
2018	£140,000	£2,952	1
2017	£140,667	£3,531	3
2016	£147,333	£3,047	3
2015	£124,000	£2,696	1
2014	£121,000	£2,521	1
2013	£115,000	£2,221	2
2012	£85,000	£1,754	1
2011	£89,500	£1,903	1
2008	£102,000	£1,967	2
2007	£102,875	£2,966	4
2005	£106,250	£2,399	4
2004	£101,786	£2,241	7
2003	£93,333	£2,178	6
2002	£73,286	£1,585	7
2001	£59,900	£1,352	5
2000	£48,285	£1,171	7
1999	£46,500	£989	1
1998	£35,519	£715	5
1997	£33,475	£873	2
1996	£29,950	£666	1
1995	£31,308	£793	6

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£313,750	£5,000	7
2023	£340,458	£4,277	12
2022	£317,321	£4,206	14
2021	£302,000	£3,965	29
2020	£295,367	£3,486	15
2019	£271,882	£3,589	17
2018	£278,970	£3,546	25
2017	£278,518	£3,807	27
2016	£262,690	£3,455	21
2015	£238,065	£2,933	23
2014	£209,040	£2,857	24
2013	£176,818	£2,376	11
2012	£182,595	£2,413	21
2011	£169,375	£2,287	24
2010	£179,500	£2,601	11
2009	£157,832	£2,200	14
2008	£183,844	£2,525	16
2007	£192,671	£2,513	39
2006	£168,973	£2,407	37
2005	£160,738	£2,217	22
2004	£156,948	£1,940	23
2003	£144,922	£1,941	32
2002	£110,788	£1,585	27
2001	£100,737	£1,327	40
2000	£88,932	£1,187	45
1999	£72,255	£987	56
1998	£65,253	£880	52
1997	£58,681	£782	37
1996	£53,355	£731	27
1995	£49,670	£643	25

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2019	£688,341	£4,036	2

House Type in MK16 8RE area

The most common house types in the MK16 8RE postcode area are Detached (73), Semi-detached (45), and Terraced (21).

Total	139
Detached	73
Semi-detached	45
Terraced	21
Flat	0
Shared house	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (71), and Owned: Owns with a mortgage or loan (52).

Owned: Owns outright	71
Owned: Owns with a mortgage or loan	52
Private rented: Private landlord or letting agency	13
Private rented: Other private rented	3
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Rents from council or Local Authority	0
Social rented: Other social rented	0
Lives rent free	0

Number of People in a Household

The most houses in the MK16 8RE have 2 people in household (56), and 1 person in household (26).

2 people in household	56
1 person in household	26
4 people in household	25
3 people in household	20
5 people in household	8
6 people in household	1
0 people in household	0
7 people in household	0
8 or more people in household	0