MK4 1AJ is a residential postcode located on Favell Drive, Furzton, Milton Keynes, MK4. It is the 1149th largest postcode in the MK4 area.
It contains 48 houses and the most common type of property is a mid-century house built between 1936 and 1979.
The average house value is £285,226. Sales values have decreased in the last 12 months by 0.8% and Rental values have increased by 2.3%.
Property sale values range from £272,572 for a freehold house, with 2 bedrooms split across 678 square feet of gross internal area and has a garden to £333,525 for a freehold house, with 3 bedrooms split across 919 square feet of gross internal area and has a garden.
Average £/ft2 for properties in MK4 1AJ is £402/ft2.
Properties achieve a rental yield of between 5.2% and 5.4%, and rental values range from £1,208 to £1,437 per month.
The last sale was 08 Mar 2024 for £305,000 and since then the market in the area as increased by -0.6%. The postcode has had a total of 4 sales since 1995.
MK4 1AJ has seen 3 sales in the last three years and 1 sale in the last twelve months.
MK4 1AJ is the 1149th largest and the 395th most expensive postcode out of the 1,194 postcodes in the MK4 area.
MK4 1AJ is a residential postcode located on Favell Drive, Furzton, Milton Keynes, MK4 with 48 houses within its bounds.
The most common property type in MK4 1AJ is a mid-century house built between 1936 and 1979.
The homes are generally mid-century in style with the most common Energy Performance Certificate (EPC) rating being C.
The closest station to MK4 1AJ is Bletchley station which is 2.1 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around MK4 1AJ, 37.2% of property is privately owned with a mortgage and 33.6% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around MK4 1AJ, 25.5% of residents are recorded as possessing school level qualifications and 28.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around MK4 1AJ, the average age was 39 and the most common age was 42.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around MK4 1AJ, 0.3% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around MK4 1AJ, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.