According to the public record, 1, Rains Road, Milton Keynes is a modern freehold house with 785 ft2 of internal area and sits on a 169 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Rains Road, Oxley Park, Milton Keynes, MK4 is located within the MK4 postal district.
1, Rains Road, Milton Keynes has a single entry in the Land Registry database from May 2018 and a single entry in the EPC database dated May 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Rains Road Milton Keynes as £364,760 and the rental value as £1,338 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 1 Rains Road Milton Keynes has decreased by £3,062 (0.8%) and its rental value has increased by £29 per month (2.2%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Rains Road, Milton Keynes is in very good condition we estimate a sale value of £382,998 and rental value of £1,405 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £339,227 and a rental value of £1,244 per month.
If you were able to purchase this property for the estimated value of £364,760, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,793 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1, Rains Road, Milton Keynes sits on a plot of 169m2.
We have plot size data on 5 out of 5 other houses in the postcode and 1, Rains Road, Milton Keynes sits on the 4th largest plot.
According to HM Land Registry, 1, Rains Road, Milton Keynes was last sold on 31 May 2018 for £309,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2018, the market for similar properties has risen 13.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Rains Road, Milton Keynes within a radius of 700 metres over the last 2 years.
The most recent example is 33, Grable Avenue, Milton Keynes, MK4 4TH, a Freehold house which sold for £352,400 in Aug 2022.
Read more about house prices in MK4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rains Road, Oxley Park, Milton Keynes, MK4 has a total of 5 addresses. According to our analysis of all the public data, 1, Rains Road, Milton Keynes is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £24k more expensive than the average property in MK4.
1, Rains Road, Milton Keynes has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 May 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 1, Rains Road, Milton Keynes is Milton Keynes Central station which is 3.5 kilometres 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 1, Rains Road, Milton Keynes, 31.6% of property is privately owned with a mortgage and 23.5% is shared ownership.
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 1, Rains Road, Milton Keynes, 29.4% of residents are recorded as possessing school level qualifications and 34.5% 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 1, Rains Road, Milton Keynes, the average age was 35.1 and the most common age was 32.
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 1, Rains Road, Milton Keynes, 0.0% 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 1, Rains Road, Milton Keynes, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.