Housing Market Analysis for FORMBY CLOSE, MK3 7RN

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

Overview of Sold House prices

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

  • Detached
    • The average price is around £200,700 median price is £204,500 Standard Deviation is £98,213 with Total Sold: 10
    • The Last 5 Year average price is £362,500 with Total Sold: 2
    • The most recent sale happened at this postcode is 1 FORMBY CLOSE: £335,000 (Sold on 15 Mar 2021)
    • The first recorded sale happened at this postcode is 4 FORMBY CLOSE: £78,500 (Sold on 30 May 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average MK3 7RN 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: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£335,000 £3,418 1
2020£390,000 £3,611 1
2007£250,0001
2006£212,0001
2003£204,5002
2001£127,000 £1,296 1
2000£117,5001
1997£88,0001
1996£78,5001

All the Sales in the FORMBY CLOSE, MK3 7RN

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

AddressSold DatePrice% Change
1 FORMBY CLOSEDetached, FreeholdArea: 98 Sq.mtrAge: 1976-198215 Mar 2021£335,000First Sale
8 FORMBY CLOSEDetached, FreeholdArea: 108 Sq.mtrAge: 1976-198214 Oct 2020£390,000First Sale
4 FORMBY CLOSEDetached, Freehold31 Aug 2007£250,00023.76%
14 Oct 2003£202,000129.55%
17 Nov 1997£88,00012.10%
30 May 1996£78,500First Sale
5 FORMBY CLOSEDetached, Freehold04 Aug 2006£212,00080.43%
21 Jan 2000£117,500First Sale
6 FORMBY CLOSEDetached, Freehold23 May 2003£207,000First Sale
3 FORMBY CLOSEDetached, FreeholdArea: 98 Sq.mtrAge: 1983-199008 Jun 2001£127,000First Sale

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

FORMBY CLOSE, MK3 7RN Near By properties

Interactive Map

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

  • Semi-Detached
    • The average price is around £143,011 median price is £130,000 Standard Deviation is £87,189 with Total Sold: 731
    • The Last 5 Year average price is £280,717 with Total Sold: 96
    • The most recent sale happened at this postcode is , 27 SANDOWN COURT: £245,000 (Sold on 10 Sep 2024)
    • The first recorded sale happened at this postcode is , 38 AINTREE CLOSE: £58,950 (Sold on 04 Jan 1995)
  • Detached
    • The average price is around £239,749 median price is £212,250 Standard Deviation is £148,569 with Total Sold: 642
    • The Last 5 Year average price is £444,772 with Total Sold: 94
    • The most recent sale happened at this postcode is , 29 CARTMEL CLOSE: £580,000 (Sold on 02 Aug 2024)
    • The first recorded sale happened at this postcode is , 19 HAMILTON LANE: £130,000 (Sold on 06 Jan 1995)
  • Flat
    • The average price is around £96,238 median price is £101,000 Standard Deviation is £59,019 with Total Sold: 126
    • The Last 5 Year average price is £169,500 with Total Sold: 16
    • The most recent sale happened at this postcode is , 28 KNARESBOROUGH COURT: £175,000 (Sold on 15 Jul 2024)
    • The first recorded sale happened at this postcode is , 104 CHEPSTOW DRIVE: £19,750 (Sold on 25 Jan 1995)
  • Terraced
    • The average price is around £126,674 median price is £122,750 Standard Deviation is £77,356 with Total Sold: 364
    • The Last 5 Year average price is £240,162 with Total Sold: 50
    • The most recent sale happened at this postcode is , 10 WALTON HEATH: £355,000 (Sold on 07 Jun 2024)
    • The first recorded sale happened at this postcode is , 9 SANDOWN COURT: £37,000 (Sold on 12 May 1995)
  • Other
    • The average price is around £219,048 median price is £230,500 Standard Deviation is £94,322 with Total Sold: 4
    • The Last 5 Year average price is £215,398 with Total Sold: 3
    • The most recent sale happened at this postcode is , 85 HEXHAM GARDENS: £340,000 (Sold on 31 Mar 2023)
    • The first recorded sale happened at this postcode is , 36 WALTON HEATH: £230,000 (Sold on 23 Jan 2015)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£333,200 £3,815 5
2023£266,825 £3,489 16
2022£308,762 £4,315 21
2021£275,444 £3,631 20
2020£219,295 £3,355 11
2019£287,326 £3,356 23
2018£259,250 £3,546 18
2017£257,984 £3,594 16
2016£246,768 £3,473 13
2015£229,136 £2,579 11
2014£199,330 £2,691 21
2013£155,292 £2,325 12
2012£151,800 £2,037 10
2011£172,431 £2,142 8
2010£155,611 £2,278 18
2009£148,304 £2,017 13
2008£161,125 £2,358 16
2007£180,484 £2,310 28
2006£157,005 £2,124 30
2005£142,655 £2,028 35
2004£148,644 £2,180 34
2003£124,244 £1,731 50
2002£100,735 £1,656 51
2001£79,840 £1,141 47
2000£76,415 £1,098 33
1999£64,023 £908 43
1998£60,258 £785 35
1997£52,117 £786 36
1996£47,229 £640 30
1995£45,426 £687 27
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£503,667 £3,350 6
2023£499,120 £3,945 21
2022£519,333 £4,205 15
2021£383,080 £3,634 19
2020£392,094 £3,632 16
2019£409,588 £3,268 17
2018£389,077 £3,693 13
2017£386,118 £3,515 17
2016£364,469 £3,296 18
2015£331,672 £2,756 20
2014£309,971 £2,573 18
2013£283,964 £2,243 14
2012£262,036 £2,371 14
2011£268,768 £2,362 23
2010£223,333 £1,997 15
2009£217,499 £2,704 6
2008£294,191 £2,462 12
2007£256,350 £2,121 33
2006£251,855 £2,299 21
2005£243,312 £2,022 24
2004£204,081 £2,009 20
2003£190,308 £1,692 18
2002£190,054 £1,815 34
2001£159,174 £1,425 33
2000£136,880 £1,226 26
1999£119,679 £965 42
1998£102,014 £869 36
1997£109,766 £783 30
1996£88,138 £767 34
1995£86,923 £638 27
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£132,5002
2023£252,167 £3,772 3
2022£191,000 £3,044 2
2021£157,500 £3,048 2
2020£120,700 £2,542 5
2019£195,000 £3,723 2
2018£175,000 £3,481 2
2017£161,167 £2,970 6
2016£106,125 £2,411 4
2015£147,622 £2,834 2
2014£135,000 £2,946 1
2013£119,667 £2,547 3
2012£81,350 £1,426 2
2011£35,750 £860 2
2008£118,200 £2,313 4
2007£128,286 £2,402 7
2006£68,071 £1,602 7
2005£99,771 £1,956 12
2004£122,625 £2,603 4
2003£81,132 £1,706 11
2002£74,975 £1,549 11
2001£61,059 £1,323 17
1999£24,498 £439 3
1998£16,840 £349 5
1997£42,033 £730 3
1996£18,6252
1995£18,875 £336 2
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£347,0003
2023£271,438 £4,284 8
2022£310,500 £3,845 7
2021£232,438 £3,547 16
2020£200,540 £3,704 5
2019£172,764 £2,700 11
2018£227,000 £3,483 9
2017£188,143 £3,294 7
2016£205,708 £3,051 12
2015£192,000 £2,516 12
2014£162,156 £2,344 16
2013£148,629 £2,066 14
2012£141,194 £2,262 10
2011£119,357 £1,964 7
2010£91,650 £1,409 5
2009£106,100 £1,598 5
2008£153,400 £2,508 5
2007£141,821 £2,345 14
2006£128,331 £2,050 18
2005£119,866 £2,031 15
2004£114,828 £1,789 14
2003£110,908 £1,721 18
2002£83,990 £1,685 16
2001£77,891 £1,138 23
2000£65,996 £1,156 17
1999£53,852 £890 21
1998£38,477 £662 15
1997£42,813 £656 19
1996£37,577 £603 13
1995£36,167 £584 9
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£340,000 £5,152 1
2022£231,000 £2,625 1
2020£75,193 £458 1
2015£230,000 £1,966 1

House Type in MK3 7RN area

The most common house types in the MK3 7RN postcode area are Detached (127), Semi-detached (2), and Terraced (2).

Total132
Detached127
Semi-detached2
Terraced2
Flat1
Shared house0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (87), and Owned: Owns with a mortgage or loan (41).

Owned: Owns outright87
Owned: Owns with a mortgage or loan41
Shared ownership: Shared ownership2
Private rented: Private landlord or letting agency2
Private rented: Other private rented1
Does not apply0
Social rented: Rents from council or Local Authority0
Social rented: Other social rented0
Lives rent free0

Number of People in a Household

The most houses in the MK3 7RN have 2 people in household (50), and 1 person in household (40).

2 people in household50
1 person in household40
3 people in household19
4 people in household18
5 people in household4
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0