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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
37, Penn Road, Milton Keynes is described in the public record as a modern apartment with 505 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of 37, Penn Road, Milton Keynes is £132,938 and its rental estimate is £863 per month, given the available information and assuming reasonable condition.
Penn Road, Bletchley, Milton Keynes, MK2 falls within the MK2 postal district.
37, Penn Road, Milton Keynes has no recent1 records in the the Land Registry and a single entry in the EPC database dated April 2017.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 37, Penn Road, Milton Keynes, we estimate a market value of £139,585 and a rental value of £907 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £123,632 and £803 per month respectively.
Over the last year, 37, Penn Road, Milton Keynes has seen its estimated sale value rise by £2,835 (2.1%) and its estimated rental value move up by £45 per month (5.3%). This results in an estimated gross rental yield of 7.8%.
37, Penn Road, Milton Keynes has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Apr 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The most recent sale of 37, Penn Road, Milton Keynes completed on 18th April 1997 at £32,500 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Over the past 2 years 3 properties similar to 37, Penn Road, Milton Keynes have sold within a radius of 790 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 12th December 2023, was 8, Wharfside, Milton Keynes, MK2 2AZ, a leasehold flat which sold for £68,000.
Read more about house prices in MK2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 35 addresses on Penn Road, Bletchley, Milton Keynes, MK2, 37, Penn Road, Milton Keynes comes out as the 35th largest and the 35th most expensive in our analysis of the public data.
It is also £165k less expensive than the average property across the MK2 district.
From 37, Penn Road, Milton Keynes, the nearest station is Fenny Stratford, 400 metres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around 37, Penn Road, Milton Keynes, 41.4% of property is privately owned with a mortgage and 27.9% is privately rented.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 37, Penn Road, Milton Keynes, 16.9% of residents are recorded as possessing school level qualifications and 46.5% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 37, Penn Road, Milton Keynes, the average age was 35.2 and the most common age was 32.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 37, Penn Road, Milton Keynes, 1.5% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 37, Penn Road, Milton Keynes, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.
