According to the public record, Flat 3, 48, Princes Way, Milton Keynes is a modern leasehold apartment and with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 48, Princes Way, Bletchley, Milton Keynes, MK2.
Princes Way, Bletchley, Milton Keynes, MK2 is located within the MK2 postal district.
Flat 3, 48, Princes Way, Milton Keynes has 2 entries in the Land Registry database, most recently in October 2023 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 Flat 3 48 Princes Way Milton Keynes as £179,982 and the rental value as £918 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 3 48 Princes Way Milton Keynes has increased by £275 (0.2%) and its rental value has increased by £47 per month (5.2%).
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 Flat 3, 48, Princes Way, Milton Keynes is in very good condition we estimate a sale value of £188,981 and rental value of £963 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £167,384 and a rental value of £853 per month.
If you were able to purchase this property for the estimated value of £179,982, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £885 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, Flat 3, 48, Princes Way, Milton Keynes was last sold on 05 Oct 2023 for £169,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2023, the market for similar properties has risen 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 48, Princes Way, Milton Keynes within a radius of 18m over the last 2 years.
The most recent example is Flat 3, 46, Princes Way, Milton Keynes, MK2 2ER, a Leasehold flat which sold for £175,000 in Jun 2022.
Read more about house prices in MK2.
Princes Way, Bletchley, Milton Keynes, MK2 has a total of 101 addresses. According to our analysis of all the public data, Flat 3, 48, Princes Way, Milton Keynes is the 82nd largest and the 77th most expensive property on the street.
When compared to the postcode district it is £114k less expensive than the average property in MK2.
Flat 3, 48, Princes Way, Milton Keynes has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Dec 2017.
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 Flat 3, 48, Princes Way, Milton Keynes is Bletchley station which is 600 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 Flat 3, 48, Princes Way, Milton Keynes, 55.0% of property is privately owned outright and 27.5% 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 Flat 3, 48, Princes Way, Milton Keynes, 21.8% of residents are recorded as possessing school level qualifications and 26.5% 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 Flat 3, 48, Princes Way, Milton Keynes, the average age was 39.3 and the most common age was 37.
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 Flat 3, 48, Princes Way, Milton Keynes, 1.2% 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 Flat 3, 48, Princes Way, 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.