Redland Drive - MK5 8FL
Key Postcode Insights
MK5 8FL is a residential postcode situated on Redland Drive, Loughton, Milton Keynes, MK5 with 8 addresses.
It ranks as the 117th largest and 342nd most expensive of the 379 postcodes in the MK5 area. The most common property type is a modern house built after 1980.
The postcode contains a total of 8 properties: 8 houses.
- Ave. Sale Price
- £877,618
- 10 Year change
- up 24.7%
- Ave. Rental Price
- £3,234pcm
- 10 Year change
- up 46.3%
- Ave. £ per ft²
- £383/ft²
- Ave. Gross Yield
- 4.4%/year/yr
Key Postcode Insights
MK5 8FL is a residential postcode situated on Redland Drive, Loughton, Milton Keynes, MK5 with 8 addresses.
It ranks as the 117th largest and 342nd most expensive of the 379 postcodes in the MK5 area. The most common property type is a modern house built after 1980.
The postcode contains a total of 8 properties: 8 houses.
- Ave. Sale Price
- £877,618
- 10 Year change
- up 24.7%
- Ave. Rental Price
- £3,234pcm
- 10 Year change
- up 46.3%
- Ave. £ per ft²
- £383/ft²
- Ave. Gross Yield
- 4.4%/year/yr
Explore Propertiesin MK5 8FL
- 67 Redland Drive
5 Bed Modern House
- 69 Redland Drive
5 Bed Modern House
- 71 Redland Drive
5 Bed Modern House
- 77 Redland Drive
5 Bed Modern House
- 83 Redland Drive
Unknown
Sales Market Trends
The last sale in MK5 8FL sold for £990,000 on 22nd March 2024. Since then prices have on average remained the same.
The current average value in the postcode is £877,618.
The MK5 8FL Sales Market has increased by 24.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.3% | £877,618 |
| June 2025 | 1.9% | £889,409 |
| June 2024 | -1.8% | £872,606 |
| June 2023 | 4% | £888,751 |
| June 2022 | 7.7% | £854,254 |
| June 2021 | 3.3% | £793,101 |
| June 2020 | 2% | £767,763 |
| June 2019 | -1.2% | £752,849 |
| June 2018 | 2.6% | £762,361 |
| June 2017 | 5.6% | £742,830 |
| June 2016 | 10.3% | £703,672 |
| June 2015 | 9.6% | £637,922 |
| June 2014 | 10.7% | £582,105 |
| June 2013 | 3.6% | £525,653 |
| June 2012 | 1.6% | £507,238 |
| June 2011 | 2.3% | £499,345 |
| June 2010 | 12% | £487,937 |
| June 2009 | -11.5% | £435,715 |
| June 2008 | -3% | £492,161 |
| June 2007 | 0% | £507,443 |
Rental Market Trends
The current average rental value in the postcode is £3,234.
The MK5 8FL Rental Market has increased by 46.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.5% | £3,234pcm |
| June 2025 | 2.2% | £3,154pcm |
| June 2024 | 6% | £3,088pcm |
| June 2023 | 10.4% | £2,913pcm |
| June 2022 | 9.7% | £2,639pcm |
| June 2021 | 5.8% | £2,407pcm |
| June 2020 | 0.6% | £2,275pcm |
| June 2019 | -0.6% | £2,261pcm |
| June 2018 | 2.4% | £2,274pcm |
| June 2017 | 0.5% | £2,221pcm |
| June 2016 | 4.7% | £2,210pcm |
| June 2015 | 7.7% | £2,110pcm |
| June 2014 | 5% | £1,960pcm |
| June 2013 | 1.8% | £1,866pcm |
| June 2012 | 2% | £1,833pcm |
| June 2011 | 5.2% | £1,797pcm |
| June 2010 | 6.1% | £1,708pcm |
| June 2009 | -5.6% | £1,609pcm |
| June 2008 | 2% | £1,705pcm |
| June 2007 | 0% | £1,672pcm |
Sales History
The last sale was on 22nd March 2024 for £990,000 and since then the market in the area has remained stable. The postcode has had a total of 16 sales since 1995.
MK5 8FL has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Mar 2024£990,000 | 6 Bed House69, Redland Drive, Milton Keynes, MK5 8FL69, Redland Drive, Milton Keynes, MK5 8FL
- Sold Apr 2022£1,100,000 | 6 Bed House67, Redland Drive, Milton Keynes, MK5 8FL67, Redland Drive, Milton Keynes, MK5 8FL
- Sold Mar 2021£742,000 | 5 Bed House89, Redland Drive, Milton Keynes, MK5 8FL89, Redland Drive, Milton Keynes, MK5 8FL
- Sold Jun 2014£590,000 | 5 Bed House71, Redland Drive, Milton Keynes, MK5 8FL71, Redland Drive, Milton Keynes, MK5 8FL
- Sold Jan 2010£435,000 | 5 Bed House87, Redland Drive, Milton Keynes, MK5 8FL87, Redland Drive, Milton Keynes, MK5 8FL
Nearby Postcodes
MK5 8FL is the 117th largest and the 342nd most expensive postcode out of the 379 postcodes in the MK5 area.
- MK5 8FG, Hugh Parke Close, Loughton, Milton Keynes, MK5MK5 8FG11 Addresses|56 m away
- MK5 8FE, Redland Drive, Loughton, Milton Keynes, MK5MK5 8FE4 Addresses|80 m away
- MK5 8FF, Pinks Close, Loughton, Milton Keynes, MK5MK5 8FF11 Addresses|87 m away
- MK5 8FJ, Redland Drive, Loughton, Milton Keynes, MK5MK5 8FJ3 Addresses|96 m away
- MK5 8FH, Catesby Croft, Loughton, Milton Keynes, MK5MK5 8FH25 Addresses|96 m away
Property Types
- 6 modern houses built after 1980
- 2 other addresses of unknown type
- modern house (6)
- Unknown (2)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 6 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (0)
- F (0)
- C (6)
- G (0)
- D (0)
- No EPC (2)
Top 3 Most Expensive Sales
- Sold Mar 2022£1,323,000 | 5 Bed House30, Redland Drive, Milton Keynes, MK5 8FB30, Redland Drive, Milton Keynes, MK5 8FB
- Sold Nov 2024£1,200,000 | 6 Bed House28, Redland Drive, Milton Keynes, MK5 8FB28, Redland Drive, Milton Keynes, MK5 8FB
- Sold Sep 2021£1,100,000 | 6 Bed House15, Redland Drive, Milton Keynes, MK5 8EJ15, Redland Drive, Milton Keynes, MK5 8EJ
Schools Nearby
- Loughton School800 m away
- Loughton Manor First School1.0 km away
- Glastonbury Thorn School1.2 km away
- Denbigh School1.2 km away
- St Paul's Catholic School1.6 km away
- The Milton Keynes Academy1.7 km away
More reading links
Public Transport Nearby
The closest station to MK5 8FL is Milton Keynes Central station, which is 400 metres away.
- Milton Keynes Central|400 m away
- Wolverton|4.4 km away
- Bletchley|4.8 km away
- Fenny Stratford|5.2 km away
