Housing Market Analysis for SOMERSET CLOSE, MK3 7HJ

Are you looking to understand MK3 7HJ 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 MK3 7HJ area, explore the MK3 7HJ Area information page.
For comprehensive crime statistics in the MK3 7HJ area, explore the MK3 7HJ Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the MK3 7HJ postcode area, The average prices are as follows,

Terraced
- The average price is around £145,289 median price is £132,500 Standard Deviation is £70,716 with Total Sold: 38
- The Last 5 Year average price is £236,333 with Total Sold: 9
- The most recent sale happened at this postcode is 43 SOMERSET CLOSE: £235,000 (Sold on 24 Nov 2023)
- The first recorded sale happened at this postcode is 45 SOMERSET CLOSE: £41,000 (Sold on 20 Apr 1995)
Semi-Detached
- The average price is around £154,607 median price is £136,000 Standard Deviation is £90,332 with Total Sold: 14
- The Last 5 Year average price is £292,167 with Total Sold: 3
- The most recent sale happened at this postcode is 7 SOMERSET CLOSE: £365,000 (Sold on 18 Nov 2022)
- The first recorded sale happened at this postcode is 1 SOMERSET CLOSE: £40,500 (Sold on 21 Aug 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average MK3 7HJ 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: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£235,000		1
2022	£237,333	£2,939	3
2021	£253,750	£3,131	2
2020	£221,250	£2,588	2
2019	£230,000	£2,949	1
2018	£242,500	£2,701	2
2017	£183,000	£2,153	1
2015	£186,000	£2,385	1
2013	£144,750	£1,730	2
2012	£130,000	£1,657	1
2010	£132,667	£1,661	3
2007	£178,000	£2,134	1
2006	£119,250	£1,476	2
2005	£135,500	£1,745	2
2004	£125,167	£1,560	3
2003	£120,000	£1,538	1
2001	£74,000	£949	1
2000	£64,667	£827	3
1999	£57,500		1
1998	£44,000	£557	1
1997	£45,000	£559	2
1995	£40,000	£494	2

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£312,500	£3,646	2
2021	£251,500	£3,224	1
2016	£236,000	£2,565	1
2010	£137,000	£1,489	1
2009	£135,000	£1,726	1
2008	£156,000	£2,000	1
2005	£163,000		1
2004	£134,000		1
2002	£83,250	£1,065	2
2001	£75,000		1
1999	£45,000		1
1995	£40,500		1

All the Sales in the SOMERSET CLOSE, MK3 7HJ

See the table below for more details on the sold house prices in the MK3 7HJ, Milton Keynes postcode.

Address	Sold Date	Price	% Change
43 SOMERSET CLOSETerraced, Freehold	24 Nov 2023	£235,000	First Sale
16 SOMERSET CLOSETerraced, FreeholdArea: 81 Sq.mtrAge: 1976-1982	20 Dec 2022	£255,000	First Sale
7 SOMERSET CLOSESemi-Detached, FreeholdArea: 92 Sq.mtrAge: 1976-1982	18 Nov 2022	£365,000	54.66%
	11 Nov 2016	£236,000	72.26%
	08 Jun 2010	£137,000	First Sale
10 SOMERSET CLOSETerraced, FreeholdArea: 83 Sq.mtrAge: 1950-1966	21 Mar 2022	£245,000	96.00%
	27 Oct 2010	£125,000	First Sale
34 SOMERSET CLOSETerraced, FreeholdArea: 78 Sq.mtrAge: 1950-1966	21 Jan 2022	£212,000	First Sale
42 SOMERSET CLOSESemi-Detached, FreeholdArea: 78.2 Sq.mtrAge: 1950-1966	13 Jan 2022	£260,000	92.59%
	26 Oct 2009	£135,000	49.17%
	19 Dec 2002	£90,500	19.08%
	09 Jan 2002	£76,000	First Sale
26 SOMERSET CLOSESemi-Detached, FreeholdArea: 78 Sq.mtrAge: 1976-1982	29 Oct 2021	£251,500	61.22%
	23 May 2008	£156,000	First Sale
24 SOMERSET CLOSETerraced, FreeholdArea: 84 Sq.mtrAge: 1950-1966	23 Jul 2021	£266,500	101.13%
	15 Mar 2013	£132,500	6.00%
	13 Jul 2004	£125,000	First Sale
40 SOMERSET CLOSETerraced, FreeholdArea: 78 Sq.mtrAge: 1950-1966	18 Jun 2021	£241,000	81.89%
	20 Jul 2004	£132,500	124.58%
	30 Aug 2000	£59,000	First Sale
32 SOMERSET CLOSETerraced, FreeholdArea: 78 Sq.mtrAge: 1976-1982	22 Oct 2020	£226,000	First Sale
18 SOMERSET CLOSETerraced, FreeholdArea: 95 Sq.mtrAge: 1967-1975	16 Oct 2020	£216,500	-11.63%
	17 Jan 2018	£245,000	First Sale
6 SOMERSET CLOSETerraced, FreeholdArea: 78 Sq.mtrAge: 1976-1982	13 Dec 2019	£230,000	23.66%
	30 Oct 2015	£186,000	34.78%
	10 Sep 2010	£138,000	86.49%
	26 Jan 2001	£74,000	60.87%
	31 Jul 1997	£46,000	First Sale
41 SOMERSET CLOSETerraced, FreeholdArea: 85 Sq.mtrAge: 1950-1966	31 Jul 2018	£240,000	31.15%
	27 Oct 2017	£183,000	First Sale
5 SOMERSET CLOSETerraced, FreeholdArea: 83.4 Sq.mtrAge: 1950-1966	25 Jan 2013	£157,000	-11.80%
	24 Aug 2007	£178,000	39.61%
	13 Jan 2006	£127,500	-12.37%
	28 Jan 2005	£145,500	230.68%
	31 Jul 1997	£44,000	First Sale
8 SOMERSET CLOSETerraced, FreeholdArea: 78.44 Sq.mtrAge: 1950-1966	10 Feb 2012	£130,000	80.56%
	17 Aug 2000	£72,000	First Sale
28 SOMERSET CLOSETerraced, FreeholdArea: 79 Sq.mtrAge: 1950-1966	03 Feb 2010	£135,000	First Sale
47 SOMERSET CLOSETerraced, FreeholdArea: 78 Sq.mtrAge: 1950-1966	15 Feb 2006	£111,000	-7.50%
	11 Jun 2003	£120,000	90.48%
	22 Mar 2000	£63,000	First Sale
1 SOMERSET CLOSESemi-Detached, Freehold	05 Aug 2005	£163,000	117.33%
	24 Aug 2001	£75,000	85.19%
	21 Aug 1995	£40,500	First Sale
38 SOMERSET CLOSETerraced, Freehold	14 Jul 2005	£125,500	First Sale
36 SOMERSET CLOSETerraced, FreeholdArea: 79 Sq.mtrAge: 1967-1975	30 Sep 2004	£118,000	168.18%
	27 Mar 1998	£44,000	12.82%
	24 Nov 1995	£39,000	First Sale
44 SOMERSET CLOSESemi-Detached, Freehold	21 Jul 2004	£134,000	197.78%
44 SOMERSET CLOSESemi-Detached, Freehold	15 Jun 1999	£45,000	First Sale
12 SOMERSET CLOSETerraced, Freehold	01 Oct 1999	£57,500	First Sale
45 SOMERSET CLOSETerraced, Freehold	20 Apr 1995	£41,000	First Sale

Check out the sold house prices near the MK3 7HJ postcode. Properties currently for saleProperties currently for rent

SOMERSET CLOSE, MK3 7HJ Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the MK3 7HJ 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 MK3 7HJ postcode.

Terraced
- The average price is around £135,889 median price is £131,000 Standard Deviation is £72,872 with Total Sold: 908
- The Last 5 Year average price is £250,423 with Total Sold: 117
- The most recent sale happened at this postcode is , 33 KINROSS DRIVE: £200,000 (Sold on 06 Sep 2024)
- The first recorded sale happened at this postcode is , 13 CLEEVE CRESCENT: £44,000 (Sold on 27 Jan 1995)
Semi-Detached
- The average price is around £161,816 median price is £151,500 Standard Deviation is £86,083 with Total Sold: 738
- The Last 5 Year average price is £281,785 with Total Sold: 121
- The most recent sale happened at this postcode is , 76 FORFAR DRIVE: £370,000 (Sold on 04 Sep 2024)
- The first recorded sale happened at this postcode is , 19 SURREY ROAD: £40,500 (Sold on 27 Jan 1995)
Detached
- The average price is around £233,260 median price is £220,000 Standard Deviation is £103,022 with Total Sold: 493
- The Last 5 Year average price is £396,946 with Total Sold: 56
- The most recent sale happened at this postcode is , 46 NORMANDY WAY: £650,000 (Sold on 04 Jul 2024)
- The first recorded sale happened at this postcode is , 32 NORMANDY WAY: £94,000 (Sold on 28 Feb 1995)
Flat
- The average price is around £93,555 median price is £92,000 Standard Deviation is £47,468 with Total Sold: 179
- The Last 5 Year average price is £132,000 with Total Sold: 31
- The most recent sale happened at this postcode is , 38 YORKSHIRE CLOSE: £46,500 (Sold on 31 May 2024)
- The first recorded sale happened at this postcode is , 39 MIDDLESEX DRIVE: £20,000 (Sold on 19 May 1995)
Other
- The average price is around £2,597,438 median price is £2,675,000 Standard Deviation is £2,137,601 with Total Sold: 4
- The Last 5 Year average price is £1,796,583 with Total Sold: 3
- The most recent sale happened at this postcode is , BLETCHLEY HOUSE BEAVERBROOK COURT: £4,400,000 (Sold on 29 Mar 2023)
- The first recorded sale happened at this postcode is , WHITE HART WHADDON WAY: £5,000,000 (Sold on 30 Nov 2016)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£282,292		6
2023	£268,750	£3,862	12
2022	£279,696	£3,585	23
2021	£245,779	£3,177	35
2020	£226,632	£3,046	19
2019	£229,068	£2,925	22
2018	£227,700	£3,017	25
2017	£231,533	£3,280	27
2016	£202,508	£2,834	29
2015	£164,306	£2,382	18
2014	£173,373	£2,338	32
2013	£149,208	£2,011	24
2012	£134,379	£1,799	24
2011	£151,438	£1,881	16
2010	£147,022	£1,831	23
2009	£136,620	£1,822	20
2008	£144,045	£1,723	11
2007	£151,468	£2,096	47
2006	£136,953	£1,889	55
2005	£133,801	£1,872	33
2004	£133,092	£1,718	44
2003	£130,750	£1,728	53
2002	£108,837	£1,365	45
2001	£75,322	£1,120	47
2000	£68,451	£987	36
1999	£53,897	£862	40
1998	£48,388	£707	32
1997	£43,414	£629	51
1996	£37,595	£562	27
1995	£35,948	£523	32

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£273,125	£2,429	8
2023	£310,929	£3,670	21
2022	£317,172	£3,616	28
2021	£259,750	£3,137	26
2020	£266,750	£3,256	16
2019	£249,052	£3,203	22
2018	£248,594	£2,973	24
2017	£249,887	£3,189	31
2016	£251,714	£2,873	21
2015	£224,080	£2,521	18
2014	£189,291	£2,183	18
2013	£161,773	£1,959	11
2012	£154,733	£1,805	15
2011	£153,222	£1,881	18
2010	£166,167	£1,898	15
2009	£149,077	£1,743	13
2008	£176,060	£2,111	16
2007	£177,214	£2,162	35
2006	£158,743	£1,968	40
2005	£160,264	£2,109	29
2004	£145,818	£1,807	36
2003	£139,158	£1,692	32
2002	£113,029	£1,392	40
2001	£90,529	£1,175	39
2000	£89,411	£943	26
1999	£61,945	£798	38
1998	£58,612	£714	20
1997	£53,107	£640	28
1996	£47,651	£584	31
1995	£43,885	£522	23

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£480,500	£4,560	4
2023	£414,375	£4,275	4
2022	£449,111	£4,344	9
2021	£400,308	£3,575	13
2020	£364,821	£3,601	14
2019	£358,000	£3,433	12
2018	£418,150	£3,545	10
2017	£349,291	£3,350	12
2016	£348,231	£3,364	13
2015	£312,821	£2,819	14
2014	£275,812	£2,751	16
2013	£260,510	£2,349	14
2012	£245,732	£2,311	17
2011	£231,250	£2,187	8
2010	£253,921	£2,264	19
2009	£226,542	£2,257	6
2008	£262,850	£2,110	10
2007	£235,142	£2,486	14
2006	£244,418	£2,288	25
2005	£241,250	£1,831	12
2004	£228,756	£2,009	25
2003	£190,731	£1,948	43
2002	£177,996	£1,595	53
2001	£167,410	£1,419	63
2000	£133,456	£1,273	15
1999	£101,500	£1,072	12
1998	£101,374	£767	4
1997	£90,454	£786	11
1996	£90,005	£914	15
1995	£70,042	£678	6

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£58,250		2
2023	£184,188	£2,692	8
2022	£173,000	£2,484	2
2021	£109,000	£1,756	6
2020	£120,429	£2,087	7
2019	£109,833	£2,063	6
2018	£110,750	£1,600	6
2017	£147,679	£2,521	7
2016	£120,500	£1,875	7
2015	£107,361	£1,807	4
2014	£91,428	£1,541	7
2013	£69,400	£1,147	5
2012	£48,500	£947	1
2011	£84,250	£1,400	4
2010	£83,000	£1,287	3
2009	£78,900	£1,506	5
2008	£82,699	£1,734	11
2007	£123,042	£2,134	18
2006	£102,760	£1,510	6
2005	£99,550	£1,496	10
2004	£97,800	£1,817	5
2003	£87,125	£1,570	8
2002	£60,008	£976	12
2001	£58,000	£892	1
2000	£46,248	£682	8
1999	£35,000	£563	3
1998	£34,500	£633	3
1997	£32,423	£477	6
1996	£24,333	£406	6
1995	£23,750	£431	2

House Type: Other

Year	Avg. Price	Sold
2023	£4,400,000	1
2021	£39,750	1
2020	£950,000	1
2016	£5,000,000	1

House Type in MK3 7HJ area

The most common house types in the MK3 7HJ postcode area are Terraced (63), Detached (61), and Flat (56).

Total	216
Terraced	63
Detached	61
Flat	56
Semi-detached	36
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 with a mortgage or loan (83), and Owned: Owns outright (48).

Owned: Owns with a mortgage or loan	83
Owned: Owns outright	48
Social rented: Rents from council or Local Authority	41
Private rented: Private landlord or letting agency	28
Shared ownership: Shared ownership	12
Private rented: Other private rented	3
Lives rent free	2
Does not apply	0
Social rented: Other social rented	0

Number of People in a Household

The most houses in the MK3 7HJ have 2 people in household (81), and 1 person in household (39).

2 people in household	81
1 person in household	39
4 people in household	37
3 people in household	36
5 people in household	16
6 people in household	6
8 or more people in household	1
0 people in household	0
7 people in household	0