According to the public record, 18, Downing Close, Milton Keynes is a modern leasehold apartment and with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Downing Close, Bletchley, Milton Keynes, MK3 is located within the MK3 postal district.
18, Downing Close, Milton Keynes has 4 entries in the Land Registry database, most recently in September 2022 and no records in the EPC database.
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 18 Downing Close Milton Keynes as £84,625 and the rental value as £470 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 18 Downing Close Milton Keynes has decreased by £259 (0.3%) and its rental value has increased by £13 per month (2.9%).
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 18, Downing Close, Milton Keynes is in very good condition we estimate a sale value of £88,857 and rental value of £494 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £78,702 and a rental value of £437 per month.
If you were able to purchase this property for the estimated value of £84,625, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £416 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 HM Land Registry, 18, Downing Close, Milton Keynes was last sold on 16 Sep 2022 for £80,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Sep 2022, the market for similar properties has dropped 3.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Downing Close, Milton Keynes within a radius of 13m over the last 2 years.
The most recent example is 20, Downing Close, Milton Keynes, MK3 6EP, a Leasehold flat which sold for £76,000 in Aug 2022.
Read more about house prices in MK3.
Downing Close, Bletchley, Milton Keynes, MK3 has a total of 41 addresses. According to our analysis of all the public data, 18, Downing Close, Milton Keynes is the 29th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £256k less expensive than the average property in MK3.
18, Downing Close, Milton Keynes has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Apr 2022.
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 18, Downing Close, Milton Keynes is Bletchley station which is 400 m 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 18, Downing Close, Milton Keynes, 37.9% of property is privately owned with a mortgage and 28.0% is privately owned outright.
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 18, Downing Close, Milton Keynes, 20.3% of residents are recorded as possessing school level qualifications and 39.5% 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 18, Downing Close, Milton Keynes, the average age was 41.6 and the most common age was 52.
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 18, Downing Close, 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 18, Downing Close, Milton Keynes, 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.