Limestone Sales & Lettings Office Manager Paul Neale talks advantages of moving and living in Milton Keynes, and what the town has to offer that other places don’t.
Milton Keynes 55 years ago didn’t even exist. But now, it has Europe’s largest indoor ski slope, the 14th biggest shopping centre in the UK and a population of 255,700 recorded in 2013, along with being rated the 8th best place to work in the UK. But what types of property can you expect to buy for your money and what areas in MK provide a good return on investment?
The first thing to consider is why people choose to move here in the first place. One feature that is attractive to many is the job opportunities; many successful companies have their head offices in Milton Keynes, such as Network Rail, Mercedes, Volkswagen, Virgin Active, Dominos and Santander to name a few. These jobs are of high demand and well paid, and right on the doorstep of MK citizens.
Another factor is the easiness of commuting from Milton Keynes. The town is located between London and Birmingham, with a train to Euston taking only 35 minutes on a direct line. This means you can work in London without the hassle of London house prices. It is also easy to commute to Oxford and Cambridge as MK is roughly in the middle of the two, along with being able to travel to as far as North Manchester due to good train and road connections. We have covered even more reasons why people move to MK in our May blog post: – https://www.limestonemk.co.uk/benefits-living-milton-keynes-people-love-mk-attracts-people-move-area/
In the area of property demand, many families have relocated to MK with young children, looking to buy or rent their first homes. Experienced buyers also often staying close to where they have bought/lived before, so the demand for homes is always high. With the average house price of £294,887 in Milton Keynes (compared to the UK average of £365,697) and the average rent price of £500-£1,000 PCM (compared to the UK average of£900 PCM), for a town with so much opportunity and so much to offer, the pricing is decent.
However, everyone has different life situations and different budgets, but that’s not a problem in Milton Keynes as there are a variety of properties on offer.
First time buyers
For a first-time buyer, you are typically looking at buying something not too expensive or too big. A cluster home or one-bedroom home are a particular hit as you have everything you need without the big spending. Limestone are currently selling a one-bedroom cluster home in Newport Pagnell (which you can view here: https://www.limestonemk.co.uk/property-details/?pid=56245). This is a great example of what kind of first-time buyer homes are currently on the market and what you can expect for how much you’re willing to spend in.
Many first-time buyers like to live near Centre MK (central Milton Keynes and the shopping centre) to be part of the excitement and busyness the town has to offer. Locations such as Loughton, Shenley Brook End and New Bradwell all surround the centre, making them commutable areas to the city center. This means that working in the city or days out there are super easy to do, along with going to events, such as if you chose to live in Downs Barn you can see the fireworks on Bonfire Night at the Campbell Park Fair without having to deal with driving around and parking on busy roads.
Second Homes/Family Properties
For second homes or family properties there is an equal amount of options available, along with these locations being in catchment areas of the top schools in MK. Limestone currently have a suitable family home on the market in Wavendon Gate (view it here: https://www.limestonemk.co.uk/property-details/?pid=4693409) this is a good example of the type of family homes on the market in MK as it is within school catchment and has three bedrooms, all within reasonable price.
There are also places such as Shenley Church End have an average house price of £354k and have the best rated school in MK just around the corner. Another area is Bletchley, with an average house price of £279k which is within the area of Lord Grey School, the second-best school in Milton Keynes. There is also a primary school directly opposite this secondary school along with a school next door for children with disabilities.
For things to do with families, there are many parks within the area. For a stroll and a hot drink you can take a trip to Howe Park, with Shenley Wood around the corner. There are also lakes to walk around such as Furzton Lake which also has a hotel and a family friendly pub. There is also Willen Lake which has a pub, water sport activities, GoApe and a park for teenagers and one for children. These places are fantastic for days out with flexible spending.
Empty Nesters or Downsizing
For those who have had children who have flown the nest and are looking to downsize but also keep luxury, areas such as Shenley (avg house price: £375k), Hodge Lea (avg house price: £205k) and Walnut Tree (avg house price £290k) have properties suitable. Limestone currently have two bedroom home on the market (view it here: https://www.limestonemk.co.uk/property-details/?pid=4694393) which is a perfect home for empty nesters as it is small enough for a couple and space for guests, along with being in a location close to a High street, shops, petrol stations etc. There are also activities for adults, such as a trip to Bletchley Park, watch an Ice Hockey game at Plant Ice, or going for a bite to eat at The Hub. You can also join the variety of gyms in the town or take part in classes at local clubs such as the Equestrian Center in Loughton.
All in all, Milton Keynes is a town thriving with job opportunities, things to do and reasonably priced homes. With its perfect location making it so easy to commute and the ease of travelling around the town itself, its hard to see how any other place in the UK has all of these things to offer.
For more tips like these and to get the best price for your property, contact the team on 01908 234 111 or email us at firstname.lastname@example.org