CONTENTS: INTRODUCTION - ASHFORD, KENT - BATH, SOMERSET - BECKENHAM, KENT - BEDFORD, BEDFORDSHIRE - BILLERICAY, ESSEX - BIRMINGHAM CITY CENTRE, BIRMINGHAM - BOURNEMOUTH, SUSSEX - BRENTWOOD, ESSEX - BRIGHTON, SUSSEX - CAMBRIDGE, CAMBRIDGESHIRE - CANTERBURY, KENT - CARDIFF, WALES - CHELMSFORD, ESSEX - CLEETHORPES, LINCOLNSHIRE - COLCHESTER, ESSEX - EPPING, ESSEX - GRANTHAM, LINCOLNSHIRE - GREAT YARMOUTH, NORFOLK - GUILDFORD, SURREY - IPSWICH, SUFFOLK - KETTERING, NORTHAMPTONSHIRE - KINGS LYNN, NORFOLK - LEICESTER, NORTHAMPTONSHIRE - LIVERPOOL CITY CENTRE, LANCASHIRE - LUTON, BEDFORDSHIRE - MANCHESTER, LANCASHIRE - MILTON KEYNES, BEDFORDSHIRE - NORWICH, NORFOLK - OXFORD, OXFORDSHIRE - PETERBOROUGH, CAMBRIDGESHIRE - READING, BERKSHIRE - ROMFORD, ESSEX - SOUTHEND-ON-SEA, ESSEX - ST ALBANS, HERTFORDSHIRE - STANSTED, ESSEX - SWINDON, BERKSHIRE - WELWYN GARDEN CITY, HERTFORDSHIRE - WISBECH, CAMBRIDGESHIRE
| Area: | MILTON KEYNES, BEDFORDSHIRE | |||||||
| Category: | A | |||||||
| Investor Profile | Pension, Business, and Cash&Equity | |||||||
| Population aged 15+: | 139,866 | |||||||
| Actual | National Average | |||||||
| Percentage Class ABC1 | 56% | 44% | ||||||
| Crime: | Violence | Sexual | Burglary | Motor | ||||
| Per 1000 population | 11 | 1 | 6 | 7 | ||||
| Yield Range: | 6.5% - 12.6% | |||||||
| Price Ranges | Low £ | Hi £ | Low £pw | Hi £pw | Low | Hi | ||
| Flats&maisonettes | 56,000 | 84,000 | 136 | 184 | 11.4% | 12.6% | ||
| Terraced | 72,800 | 109,200 | 117 | 158 | 7.5% | 8.4% | ||
| Semi-detached | 91,200 | 136,800 | 127 | 172 | 6.5% | 7.2% | ||
| Detached | 154,400 | 231,600 | 297 | 402 | 9.0% | 10.0% | ||
| Valuations above the national average by: | 0% | |||||||
| Actual | National Average | |||||||
| Capital growth last 12 months: | 10% | 18% | ||||||
| Capital growth last 5 years: | 83% | 80% | ||||||
| Large employers in the area: | Open University, Tesco, Royal Mail, Milton Keynes Council and Abbey National | |||||||
| Demand For Letting: | Good | |||||||
| Average void period: | 2 weeks | |||||||
| Total (out of 10) | Capital Growth (out of 5) | Yield (out of 5) | ||||||
| Out of 10: | 7 | 4 | 3 | |||||
| Summary: | An rapidly expandng in the last 5 years and shows no sign of slowing down. | |||||||
| Description: | I have chosen Milton Keynes as it has been chosen by the Government to be 1 of 3 major areas marked for considerable expansion over the next 25 years. We are talking £400m of private investment alone for Milton Keynes and surrounding areas – 100 extra stores, cafes, restaurants, improvements to car parks and public transport. The best bit is a retractable glass sunroof over the focal court, Queens Court, which closes in poor weather and opens up when sunny, I’m sure this will attract a lot of interest. 3,000 jobs will be created due to this expansion and should really put Milton Keynes on the map. Their vision is of a “stimulating, bustling regional shopping districts linked to the cultural and leisure districts through pedestrianised piazzas and quality public spaces, which will help create a dynamic new Heart to the City”. Milton Keynes unemployment is very low at 1.8%. It is also part of the new “hubs & spokes” strategy for transport. The hubs being the major economic activity areas such as Milton Keynes and the spokes being the transport routes. These routes will be improved being the East West Rail link, the upgrading of the A421 and an extra lane on the M1 down to the M25. | |||||||
| Mainline railway station: | 40-50 minutes to London Euston | |||||||
| Road Access: | Main access A5 & M1 53 miles north of London 3 miles from M1 | |||||||
| Local Newspaper | Milton Keynes Citizen 01908 371133 | |||||||
| Estate Agents: | Name | Address | Tel | Web | ||||
| John Woollett & Co | 3 Radcliffe Street Wolverton Milton Keynes Buckinghamshire MK12 5DQ | 01908 222020 | ||||||
| Michael Anthony & Partners | Northgate House 500 Filbury Boulevard Milton Keynes Buckinghamshire MK9 2AX | 01908 393553 | ||||||
| Alexander Stephens Estate Agents | Sovereign Court 213 Witan Gate East Milton Keynes Buckinghamshire MK9 2HP | 01908 607787 | ||||||
| Ryan Daniel Estate Agents | Ashton House 401 Silbury Boulevard Milton Keynes Buckinghamshire MK9 2AH | 01908 234111 | ||||||
| Beasley & Partners | 6 High Street Woburn Sands Milton Keynes Buckinghamshire MK17 8RL | 01908 282820 | www.beasley-partners.co.uk | |||||
| Mortimers Estate Agents | 317 Upper Fourth Street Witan Court Milton Keynes Buckinghamshire MK9 1EH | 01908 398980 | www.mortimers.uk.com | |||||
| Key Estate Agents | Regency Court Ground Floor 216 Upper Fifth Street Milton Keynes Buckinghamshire MK9 2HR | 0870 7487990 | www.keyestateagents.com | |||||
| Letting Agents: | Name | Address | Tel | Web | ||||
| Castle Estates | Middle Bank House 211, Queensway Bletchley Milton Keynes Buckinghamshire MK2 2EQ | 01908 641131 | www.castle-estates.co.uk | |||||
| Brown & Merry | 672, Silbury Boulevard Central Milton Keynes Buckinghamshire MK9 3AE | 01908 661601 | www.sequencehome.co.uk | |||||
| Faulkner Property Rentals | 4, Aspley Hill Woburn Sands Milton Keynes Buckinghamshire MK17 8NJ | 01908 585551 | www.FaulknerProperty.co.uk | |||||