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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
MK3 5RUHouse Prices / South East, Milton Keynes, Merrick Place
Last updated May 2026
Key Postcode Insights
MK3 5RU is a residential postcode situated on Merrick Place, Newton Leys, Bletchley, Milton Keynes, MK3 with 9 addresses.
It ranks as the 354th largest and 123rd most expensive of the 1,223 postcodes in the MK3 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 9 properties: 9 flats.
9
Properties
- Flats
Key Postcode Insights
MK3 5RU is a residential postcode situated on Merrick Place, Newton Leys, Bletchley, Milton Keynes, MK3 with 9 addresses.
It ranks as the 354th largest and 123rd most expensive of the 1,223 postcodes in the MK3 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 9 properties: 9 flats.
9
Properties
- Flats
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House Pricesin MK3 5RU
Sale prices range from £180,018 for 2 bedroom leasehold flats (505 ft2) to £180,018 for 2 bedroom leasehold flats (505 ft2) .
Monthly rental prices range from £994 pcm for 2 bed flats to £994 pcm for 2 bed flats.
The gross rental yield is between 6.6% and 6.6%.
The average value per square foot is £356.
Average Sale Value
£180,018
Average Rental Value
£994 pcm
Average Rental Yield
6.6% /year
Average Value Per Sqft
£356 /ft2
Sales Market Trendsin MK3 5RU
The last sale in MK3 5RU sold for £163,000 on 27th October 2025. Since then prices are down an average of 0.7%.
The current average value in the postcode is £180,018.
The MK3 5RU Sales Market has increased by 11.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.1% | £180,018 |
| April 2025 | 0.2% | £179,825 |
| April 2024 | -1.3% | £179,421 |
| April 2023 | 0.5% | £181,722 |
| April 2022 | 7.3% | £180,884 |
| April 2021 | 1.2% | £168,500 |
| April 2020 | -1.6% | £166,446 |
| April 2019 | -1.1% | £169,222 |
| April 2018 | 0.6% | £171,123 |
| April 2017 | 5.1% | £170,093 |
| April 2016 | 14.8% | £161,848 |
| April 2015 | 9.3% | £140,944 |
| April 2014 | 7.5% | £128,912 |
| April 2013 | 2.1% | £119,963 |
| April 2012 | -0.7% | £117,525 |
| April 2011 | 0.8% | £118,350 |
| April 2010 | 4.7% | £117,375 |
| April 2009 | -15.1% | £112,151 |
| April 2008 | -1.5% | £132,023 |
| April 2007 | 0% | £134,094 |
Rental Market Trendsin MK3 5RU
The current average rental value in the postcode is £994.
The MK3 5RU Rental Market has increased by 27.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.1% | £994pcm |
| April 2025 | 2.4% | £965pcm |
| April 2024 | 6.7% | £942pcm |
| April 2023 | 7.3% | £883pcm |
| April 2022 | 5.6% | £823pcm |
| April 2021 | 1.8% | £779pcm |
| April 2020 | 0.5% | £766pcm |
| April 2019 | -1.2% | £762pcm |
| April 2018 | -1.2% | £771pcm |
| April 2017 | -0.1% | £781pcm |
| April 2016 | 8.3% | £782pcm |
| April 2015 | 6.9% | £722pcm |
| April 2014 | 3.6% | £675pcm |
| April 2013 | 1.4% | £652pcm |
| April 2012 | 0.4% | £643pcm |
| April 2011 | 3% | £640pcm |
| April 2010 | -0.2% | £622pcm |
| April 2009 | -6.5% | £623pcm |
| April 2008 | 2% | £667pcm |
| April 2007 | 0% | £653pcm |
Explore Buildingsin MK3 5RU, Merrick Place, Newton Leys, Bletchley, Milton Keynes, MK3
- 1, Merrick Place, Newton Leys, Bletchley, Milton Keynes, MK3 Modern building 9 units
Sales Historyin MK3 5RU
The last sale was on 27th October 2025 for £163,000 and since then the market in the area has decreased by 0.7%. The postcode has had a total of 12 sales since 1995.
MK3 5RU has seen 2 sales in the last three years and 1 sale in the last twelve months.
Sold Oct 2025£163,000 | 2 Bed Flat1, Merrick PlaceFlat 1, 1, Merrick Place, Milton Keynes, MK3 5RU
Sold Dec 2024£170,000 | 2 Bed Flat1, Merrick PlaceFlat 1, 1, Merrick Place, Milton Keynes, MK3 5RU
Sold Nov 2022£190,000 | 2 Bed Flat1, Merrick PlaceFlat 9, 1, Merrick Place, Milton Keynes, MK3 5RU
Sold Jul 2020£160,000 | 2 Bed Flat1, Merrick PlaceFlat 1, 1, Merrick Place, Milton Keynes, MK3 5RU
Sold Jul 2020£170,000 | 2 Bed Flat1, Merrick PlaceFlat 6, 1, Merrick Place, Milton Keynes, MK3 5RU
Sold Jun 2020£163,000 | 2 Bed Flat1, Merrick PlaceFlat 5, 1, Merrick Place, Milton Keynes, MK3 5RU
Sold May 2020£168,000 | 2 Bed Flat1, Merrick PlaceFlat 3, 1, Merrick Place, Milton Keynes, MK3 5RU
Sold Mar 2020£170,000 | 2 Bed Flat1, Merrick PlaceFlat 8, 1, Merrick Place, Milton Keynes, MK3 5RU
Sold Feb 2020£168,500 | 2 Bed Flat1, Merrick PlaceFlat 2, 1, Merrick Place, Milton Keynes, MK3 5RU
Sold Jan 2020£165,000 | 2 Bed Flat1, Merrick PlaceFlat 4, 1, Merrick Place, Milton Keynes, MK3 5RU
Sold Dec 2019£166,500 | 2 Bed Flat1, Merrick PlaceFlat 7, 1, Merrick Place, Milton Keynes, MK3 5RU
Sold Dec 2019£175,000 | 2 Bed Flat1, Merrick PlaceFlat 9, 1, Merrick Place, Milton Keynes, MK3 5RU
Nearby Postcodesto MK3 5RU
MK3 5RU is the 354th largest and the 123rd most expensive postcode out of the 1,223 postcodes in the MK3 area.
- 23 mMK3 5RS, Gorregan Avenue, Newton Leys, Bletchley, Milton Keynes, MK3MK3 5RS17 Addresses
- 66 mMK3 5RX, Tresco Grove, Newton Leys, Bletchley, Milton Keynes, MK3MK3 5RX6 Addresses
- 85 mMK3 5NX, Galapagos Grove, Newton Leys, Bletchley, Milton Keynes, MK3MK3 5NX18 Addresses
- 103 mMK3 5RZ, Galapagos Grove, Newton Leys, Bletchley, Milton Keynes, MK3MK3 5RZ12 Addresses
- 117 mMK3 5RH, Birnbeck Avenue, Newton Leys, Bletchley, Milton Keynes, MK3MK3 5RH25 Addresses
- 122 mMK3 5SB, Northey Avenue, Newton Leys, Bletchley, Milton Keynes, MK3MK3 5SB11 Addresses
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Property Typesin MK3 5RU
- 9 modern flats built after 1980
- modern flat (9)
Energy Efficiencyof properties in MK3 5RU
- Energy Performance Certificate (EPC) surveys conducted for 9 properties.
- The dominant rating is B.
- A (0)
- E (0)
- B (9)
- F (0)
- C (0)
- G (0)
- D (0)
- No EPC (0)
Top 3 Most Expensive Saleson Merrick Place
Schools Nearbyto MK3 5RU
The nearest primary school to MK3 5RU is Newton Leys Primary School which is 411 metres away.
- 411mNewton Leys Primary School
- 878mWater Hall Primary School
- 1.2kmDrayton Park School
The nearest secondary school is Lift Sir Herbert Leon which is 1.1 kilometres away.
- 1.1kmLift Sir Herbert Leon
- 2.6kmLord Grey Academy
- 4.8kmShenley Brook End School
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Public Transport Nearbyto MK3 5RU
The closest station to MK3 5RU is Bletchley station which is 2.2 kilometres away.
- 2.2kmBletchley
- 3.1kmFenny Stratford
- 4.4kmBow Brickhill
- 6.8kmMilton Keynes Central
