At a Glance
Average Property Price - MK1
£380,438
63
National percentile
Average Monthly Rent - MK
£1,276
68
National percentile
Average Net Household Income - MK1
£37,649
47
National percentile
Flat / Maisonette Yield - MK
6.6%
93
National percentile
10-Year Annualised Price Growth - MK1
3.2%
36
National percentile
10-Year Annualised Rent Growth - MK
4.3%
74
National percentile
Property Price & Volume Trends
The latest average property price in MK1 stands at £380,000, placing it slightly above the national midpoint. Over the past decade, prices have grown at 3.2% annually—a slower pace than the national average, reflecting more modest appreciation. Transaction activity in the latest year totalled 8 sales, marginally above the 10-year average of 7 per year.
Rent & Yield Trends
Monthly rents average £1,276, positioning the area among the more expensive nationally for rental property. Rental growth over the past decade has been strong at 4.3% annually, outpacing the national trend. The flat yield currently stands at 6.6%, a meaningful improvement on the 10-year average of 5.5%, signalling an increasingly attractive environment for buy-to-let investors.
Income & Affordability Trends
Average household income in MK1 is £37,650, in line with the national average. Housing affordability has deteriorated markedly: the price-to-income ratio has more than doubled from 6.5x in 2016 to 15.4x today, reflecting significant capital appreciation outpacing earnings growth. Rental affordability has also worsened, with rent-to-income rising from 27% to 33.8% over the same period.
Resident Demographic Profile
The population skews notably younger, with nearly a quarter aged under 15—well above the national average of 17.5%. Social rented housing dominates the tenure mix at 36%, more than double the national share, while outright ownership is significantly underrepresented at 19.3%. The employment profile is distinguished by a high proportion in elementary roles at nearly 20%, compared to 10.2% nationally, alongside above-average representation in sales and caring occupations.