According to the public record, 16, Cressey Avenue, Milton Keynes is a modern freehold house with 1,496 ft2 of internal area and sits on a 422 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Cressey Avenue, Shenley Brook End, Milton Keynes, MK5 is located within the MK5 postal district.
16, Cressey Avenue, Milton Keynes has 31 entries in the Land Registry database, most recently in September 2020 and a single entry in the EPC database dated August 2019.
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 16 Cressey Avenue Milton Keynes as £512,538 and the rental value as £2,166 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 16 Cressey Avenue Milton Keynes has decreased by £6,372 (1.2%) and its rental value has increased by £42 per month (1.9%).
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 16, Cressey Avenue, Milton Keynes is in very good condition we estimate a sale value of £538,165 and rental value of £2,275 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £476,661 and a rental value of £2,015 per month.
If you were able to purchase this property for the estimated value of £512,538, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,519 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, 16, Cressey Avenue, Milton Keynes sits on a plot of 422m2.
We have plot size data on 41 out of 58 other houses in the postcode and 16, Cressey Avenue, Milton Keynes sits on the 7th largest plot.
According to HM Land Registry, 16, Cressey Avenue, Milton Keynes was last sold on 25 Sep 2020 for £439,995 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Sep 2020, the market for similar properties has risen 8.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Cressey Avenue, Milton Keynes within a radius of 590 metres over the last 2 years.
The most recent example is 8, Egerton Gate, Milton Keynes, MK5 7HH, a Freehold house which sold for £570,000 in Oct 2022.
Read more about house prices in MK5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cressey Avenue, Shenley Brook End, Milton Keynes, MK5 has a total of 58 addresses. According to our analysis of all the public data, 16, Cressey Avenue, Milton Keynes is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £83k more expensive than the average property in MK5.
16, Cressey Avenue, Milton Keynes has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Aug 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 16, Cressey Avenue, Milton Keynes is Milton Keynes Central station which is 2.5 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 16, Cressey Avenue, Milton Keynes, 42.8% of property is socially rented and 26.1% is privately owned with a mortgage.
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 16, Cressey Avenue, Milton Keynes, 26.4% of residents are recorded as possessing school level qualifications and 29.1% 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 16, Cressey Avenue, Milton Keynes, the average age was 35.1 and the most common age was 47.
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 16, Cressey Avenue, 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 16, Cressey Avenue, Milton Keynes, there are an average of 1.3 cars per household.
See below for how this compares to South East and the rest of England & Wales.