Housing Market Analysis for SOMERSET CLOSE, MK3 7HP

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

Overview of Sold House prices

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

  • Flat
    • The average price is around £102,375 median price is £106,000 Standard Deviation is £37,742 with Total Sold: 4
    • The Last 5 Year average price is £150,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 39, PEMBROKE HOUSE SOMERSET CLOSE: £150,000 (Sold on 10 Nov 2020)
    • The first recorded sale happened at this postcode is 17, PEMBROKE HOUSE SOMERSET CLOSE: £47,500 (Sold on 21 Sep 2005)

Sold Price Trend Over the Years:

Below table and chart gives the average MK3 7HP 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
2020£150,000 £2,129 1
2014£92,000 £1,640 1
2007£120,000 £2,139 1
2005£47,500 £847 1

All the Sales in the SOMERSET CLOSE, MK3 7HP

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

AddressSold DatePrice% Change
39, PEMBROKE HOUSE SOMERSET CLOSEFlat, LeaseholdArea: 70.45 Sq.mtr10 Nov 2020£150,000First Sale
17, PEMBROKE HOUSE SOMERSET CLOSEFlat, LeaseholdArea: 56.1 Sq.mtr29 Jul 2014£92,000-23.33%
12 Apr 2007£120,000152.63%
21 Sep 2005£47,500First Sale

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

SOMERSET CLOSE, MK3 7HP Near By properties

Interactive Map

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

  • Semi-Detached
    • The average price is around £163,573 median price is £154,995 Standard Deviation is £85,734 with Total Sold: 707
    • The Last 5 Year average price is £283,743 with Total Sold: 119
    • 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 , 40 KENNET DRIVE: £41,000 (Sold on 20 Jan 1995)
  • Detached
    • The average price is around £245,943 median price is £229,950 Standard Deviation is £109,466 with Total Sold: 482
    • The Last 5 Year average price is £409,862 with Total Sold: 58
    • 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 £96,209 median price is £95,500 Standard Deviation is £49,852 with Total Sold: 164
    • The Last 5 Year average price is £137,548 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)
  • Terraced
    • The average price is around £141,753 median price is £135,000 Standard Deviation is £73,317 with Total Sold: 767
    • The Last 5 Year average price is £252,374 with Total Sold: 111
    • The most recent sale happened at this postcode is , 87 KENNET DRIVE: £296,750 (Sold on 23 May 2024)
    • The first recorded sale happened at this postcode is , 13 CLEEVE CRESCENT: £44,000 (Sold on 27 Jan 1995)
  • Other
    • The average price is around £2,138,450 median price is £950,000 Standard Deviation is £2,120,884 with Total Sold: 5
    • 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: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£317,500 £3,457 8
2023£310,237 £3,674 19
2022£313,244 £3,617 28
2021£258,907 £3,122 27
2020£266,750 £3,256 16
2019£252,459 £3,152 21
2018£243,533 £2,964 23
2017£250,883 £3,152 30
2016£252,700 £2,916 20
2015£224,320 £2,467 17
2014£189,291 £2,183 18
2013£163,950 £1,959 10
2012£153,339 £1,794 14
2011£152,000 £1,791 18
2010£166,167 £1,898 15
2009£149,077 £1,743 13
2008£178,056 £2,123 17
2007£177,014 £2,133 35
2006£159,177 £1,941 38
2005£163,432 £2,057 27
2004£146,670 £1,836 35
2003£143,847 £1,643 29
2002£114,091 £1,370 35
2001£89,708 £1,150 39
2000£86,465 £905 23
1999£61,999 £758 35
1998£56,337 £710 20
1997£53,808 £640 26
1996£47,153 £587 29
1995£45,130 £492 22
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£490,000 £4,560 4
2023£441,000 £4,407 5
2022£455,500 £4,281 9
2021£400,308 £3,575 13
2020£367,964 £3,596 14
2019£396,308 £3,294 13
2018£480,600 £3,309 5
2017£379,835 £3,274 14
2016£368,800 £3,310 15
2015£335,833 £2,782 15
2014£279,731 £2,758 13
2013£264,345 £2,331 12
2012£261,622 £2,358 20
2011£269,167 £2,259 6
2010£257,079 £2,251 19
2009£242,035 £2,062 7
2008£263,438 £2,110 8
2007£249,687 £2,403 16
2006£249,018 £2,243 25
2005£243,727 £1,781 11
2004£240,669 £2,004 23
2003£192,844 £1,948 42
2002£182,283 £1,605 54
2001£180,317 £1,411 66
2000£153,217 £1,215 12
1999£108,833 £1,086 9
1998£110,375 £890 4
1997£100,500 £730 10
1996£96,298 £1,017 12
1995£73,208 £628 6
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£46,5001
2023£184,188 £2,692 8
2022£255,000 £3,072 1
2021£103,571 £1,756 7
2020£137,000 £2,180 9
2019£106,200 £2,088 5
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£90,000 £1,428 3
2010£83,000 £1,287 3
2009£78,900 £1,506 5
2008£82,699 £1,734 11
2007£122,897 £2,144 17
2006£102,927 £1,478 6
2005£99,550 £1,496 10
2004£96,000 £1,835 4
2003£81,200 £1,519 5
2002£46,094 £769 9
2001£58,000 £892 1
2000£45,497 £670 6
1999£32,000 £534 2
1998£39,000 £907 1
1997£29,540 £483 6
1996£23,700 £402 5
1995£23,750 £431 2
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£295,9384
2023£280,600 £3,717 10
2022£282,130 £3,420 23
2021£248,179 £3,152 35
2020£226,789 £3,027 19
2019£226,975 £2,902 20
2018£227,068 £2,949 22
2017£237,305 £3,139 21
2016£205,169 £2,797 28
2015£164,464 £2,178 14
2014£173,815 £2,272 27
2013£149,717 £1,984 23
2012£135,100 £1,688 21
2011£153,433 £1,839 15
2010£144,342 £1,783 19
2009£137,258 £1,772 19
2008£144,045 £1,723 11
2007£151,474 £2,008 40
2006£139,120 £1,776 45
2005£133,858 £1,845 32
2004£132,834 £1,683 36
2003£134,194 £1,656 45
2002£111,453 £1,320 39
2001£73,575 £1,026 35
2000£69,841 £922 30
1999£55,254 £792 29
1998£49,216 £626 25
1997£44,834 £585 35
1996£37,718 £455 17
1995£35,405 £497 28
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£4,400,0001
2021£39,7501
2020£950,0001
2018£302,5001
2016£5,000,0001

House Type in MK3 7HP area

The most common house types in the MK3 7HP 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 7HP 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