If you’re considering selling your home then you may have heard that there’s one main factor to consider; location, location, location!
The principal factor likely to lure a potential buyer is often the positioning of your property. Is it within close proximity to transport links? Are there plenty of open spaces? Is the surrounding neighbourhood friendly? Milton Keynes is a town which ticks all of these boxes and more and is becoming an increasingly popular destination to migrate to.
Milton Keynes, or MK as it’s affectionately abbreviated, has assumed the title of a property hotspot, providing buyers with the best of both worlds; affordable properties that are not far from the capital.
If you’re looking to up-sticks to Milton Keynes then you wouldn’t be the only one. Its population is predicted to rise from 250,000 to 300,000 in the next decade. The majority of this growth is expected to come from ex-Londoners who are able to purchase property for better prices than they could secure in the capital.
The average asking price in Milton Keynes sits around the £285,000 mark; a dot on the landscape compared to the average property in inner London locations such as Canary Wharf, which would set you back over £600,000 on average. Although property in Milton Keynes is selling at relatively reasonable prices, in the last year house prices have risen by 4.25%, an indication of the strength of the town’s burgeoning property market.
Milton Keynes not only offers ex-Londoners a different way of life with a thriving cultural lifestyle and plenty of open spaces, but for those who want to remain working in the capital after they move, living in this town provides the perfect balance.
Being only 40 minutes from Euston station, it allows commuters to access the capital’s amenities with ease, an attractive proposition for buyers who don’t want their working life disrupted, widening the demographic of potential buyers. Not even the train fees are putting buyers off, as they’ve done the maths. Although an annual season ticket for Milton Keynes residents works out at around £4.620, if you equate that to how much you would be saving by moving from the capital to Milton Keynes, it’s a no-brainer.
Not only does its perfect positioning attract buyers, but Milton Keynes is fast becoming a buy-to-let favourite. This is primarily due to the Milton Keynes University Campus, attracting students from far and wide. This of course has lured curious landlords into the area, another group of buyers itching to get their hands on the affordable property on offer.
This strong demand from a variety of demographics is highlighted by the speed in which property is flying off the ‘for sale’ shelf. According to home.co.uk, a total of 427 properties put on the market in Milton Keynes sold within just one month; fantastic news for sellers.
This strong demand from buyers is only set to continue as Milton Keynes has been announced as a ‘new town’ and well on the way to being classed a city, indicative of its growth. Not only that, a recent report revealed that in the last decade the town recorded the highest job growth in the UK!
When selling your home and carrying out viewings all of the above make the area more attractive to buyers, so make sure these are emphasised when placing your property on the market.
If you’d like further advice on selling your property in Milton Keynes and the surrounding areas, don’t hesitate to get in touch on 01908 690 700. At Inspired Sales and Lettings we also offer a free online valuation to give you an idea of how much your property could be worth in today’s market.