Flat 3 1 Merrick Place

    FLAT 3 1, MERRICK PLACE, NEWTON LEYS, MILTON KEYNES, MK3 5RU

    This flat/maisonette leasehold property on Merrick Place last sold in May 2020 for £168,000. Based on price growth in the MK3 district since then, its estimated current value is £196,872 — placing it in the 24th percentile nationally and the 9th percentile within MK3. The property covers 47 m² (506 sq ft), giving an estimated value of £4,189 per m². The EPC rating is B, with a potential rating of B.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    506 sq ft

    47 m²

    Last Sale Price

    £168,000

    May 2020

    Estimated Valuation

    £196,872

    Est. £/sq ft

    £389/sq ft

    £4,189/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formDetached
    Construction age2019
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialB
    Floor area506 sq ft (47 m²)
    EPC dateOct 2019
    WallsAverage thermal transmittance 0.26 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    29 May 2020

    New build

    £168,000

    Key Metrics

    Estimated valuation£196,872
    Value per sq ft / m²£389/sq ft (£4,189/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    MK3 district percentile9th percentile
    National percentile24th percentile

    District Context — MK3

    MK3 covers central Milton Keynes, the heart of this planned new town in Buckinghamshire. It is a mixed residential and commercial area with relatively good transport links and everyday amenities.

    Average Property Price - MK3

    £328,454

    51

    National percentile

    Average Net Household Income - MK3

    £40,535

    60

    National percentile

    10-Year Annualised Price Growth - MK3

    2.9%

    25

    National percentile

    10-Year Annualised Rent Growth - MK

    4.3%

    74

    National percentile

    View full analysis for MK3

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