Housing Market Analysis for SOMERSET CLOSE, MK3 7HL

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

Overview of Sold House prices

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

  • Flat
    • The average price is around £38,500 median price is £38,500 Standard Deviation is £11,500 with Total Sold: 2
    • The most recent sale happened at this postcode is 49, DURHAM HOUSE SOMERSET CLOSE: £50,000 (Sold on 22 Feb 2002)
    • The first recorded sale happened at this postcode is 49, DURHAM HOUSE SOMERSET CLOSE: £27,000 (Sold on 15 Feb 1999)

Sold Price Trend Over the Years:

Below table and chart gives the average MK3 7HL 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: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2002£50,000 £1,000 1
1999£27,000 £540 1

All the Sales in the SOMERSET CLOSE, MK3 7HL

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

AddressSold DatePrice% Change
49, DURHAM HOUSE SOMERSET CLOSEFlat, LeaseholdArea: 50 Sq.mtrAge: 1950-196622 Feb 2002£50,00085.19%
15 Feb 1999£27,000First Sale

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

SOMERSET CLOSE, MK3 7HL Near By properties

Interactive Map

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

  • Terraced
    • The average price is around £137,363 median price is £132,000 Standard Deviation is £73,012 with Total Sold: 814
    • The Last 5 Year average price is £251,241 with Total Sold: 110
    • 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 £161,817 median price is £153,000 Standard Deviation is £85,585 with Total Sold: 711
    • The Last 5 Year average price is £279,669 with Total Sold: 118
    • 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 £233,272 median price is £220,000 Standard Deviation is £100,548 with Total Sold: 443
    • The Last 5 Year average price is £392,931 with Total Sold: 51
    • 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 £93,490 median price is £92,000 Standard Deviation is £47,594 with Total Sold: 178
    • 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
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£276,7505
2023£272,727 £3,807 11
2022£281,333 £3,490 21
2021£248,125 £3,154 34
2020£226,611 £3,036 18
2019£229,976 £2,867 21
2018£227,068 £2,949 22
2017£238,770 £3,131 20
2016£202,598 £2,793 28
2015£166,107 £2,181 14
2014£170,265 £2,327 30
2013£149,208 £2,011 24
2012£132,277 £1,759 22
2011£153,500 £1,837 14
2010£144,342 £1,783 19
2009£135,784 £1,804 19
2008£144,045 £1,723 11
2007£150,000 £2,081 43
2006£138,754 £1,814 47
2005£133,801 £1,872 33
2004£133,151 £1,712 40
2003£132,443 £1,693 48
2002£108,955 £1,355 41
2001£74,143 £1,103 43
2000£68,913 £973 32
1999£54,118 £839 33
1998£48,904 £644 27
1997£43,574 £607 43
1996£37,009 £542 23
1995£35,405 £497 28
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£273,125 £2,429 8
2023£310,237 £3,674 19
2022£311,882 £3,602 27
2021£259,750 £3,137 26
2020£266,750 £3,256 16
2019£249,052 £3,203 22
2018£243,533 £2,964 23
2017£250,883 £3,152 30
2016£252,700 £2,916 20
2015£224,080 £2,521 18
2014£189,291 £2,183 18
2013£163,950 £1,959 10
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£177,731 £2,139 15
2007£176,103 £2,181 34
2006£159,177 £1,941 38
2005£161,524 £2,089 28
2004£145,690 £1,836 34
2003£141,381 £1,669 29
2002£114,268 £1,366 38
2001£90,490 £1,180 38
2000£86,465 £905 23
1999£61,674 £799 37
1998£57,118 £714 19
1997£53,074 £649 27
1996£47,406 £584 30
1995£43,885 £522 23
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£468,333 £4,560 3
2023£385,000 £4,392 3
2022£457,429 £4,307 7
2021£400,308 £3,575 13
2020£364,821 £3,601 14
2019£360,545 £3,415 11
2018£425,700 £3,469 5
2017£349,291 £3,350 12
2016£364,750 £3,475 12
2015£311,345 £2,837 13
2014£283,192 £2,827 13
2013£264,345 £2,331 12
2012£245,732 £2,311 17
2011£235,000 £2,295 5
2010£247,472 £2,271 18
2009£211,850 £2,231 5
2008£263,438 £2,110 8
2007£234,166 £2,569 12
2006£244,418 £2,288 25
2005£243,727 £1,781 11
2004£229,887 £2,053 23
2003£188,157 £1,948 41
2002£178,967 £1,605 52
2001£168,363 £1,415 59
2000£127,195 £1,204 12
1999£90,312 £1,077 8
1998£103,500 £861 3
1997£92,222 £730 9
1996£96,298 £1,017 12
1995£68,050 £632 5
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£58,2502
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£84,571 £1,487 7
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
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£4,400,0001
2021£39,7501
2020£950,0001
2016£5,000,0001

House Type in MK3 7HL area

The most common house types in the MK3 7HL postcode area are Flat (113), Semi-detached (42), and Detached (28).

Total204
Flat113
Semi-detached42
Detached28
Terraced21
Shared house0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Social rented: Rents from council or Local Authority (83), and Owned: Owns with a mortgage or loan (34).

Social rented: Rents from council or Local Authority83
Owned: Owns with a mortgage or loan34
Shared ownership: Shared ownership24
Social rented: Other social rented24
Owned: Owns outright20
Private rented: Private landlord or letting agency17
Lives rent free1
Does not apply0
Private rented: Other private rented0

Number of People in a Household

The most houses in the MK3 7HL have 2 people in household (55), and 3 people in household (52).

2 people in household55
3 people in household52
1 person in household47
4 people in household27
5 people in household14
6 people in household6
8 or more people in household2
0 people in household0
7 people in household0