Pennycress Way - MK16 8TT
Key Postcode Insights
MK16 8TT is a residential postcode situated on Pennycress Way, Newport Pagnell, MK16 with 57 addresses.
It ranks as the 705th largest and 25th most expensive of the 722 postcodes in the MK16 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 57 properties: 27 houses and 30 flats.
- Ave. Sale Price
- £314,785
- 10 Year change
- up 22.4%
- Ave. Rental Price
- £1,383pcm
- 10 Year change
- up 41.8%
- Ave. £ per ft²
- £338/ft²
- Ave. Gross Yield
- 5.3%/year/yr
Key Postcode Insights
MK16 8TT is a residential postcode situated on Pennycress Way, Newport Pagnell, MK16 with 57 addresses.
It ranks as the 705th largest and 25th most expensive of the 722 postcodes in the MK16 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 57 properties: 27 houses and 30 flats.
- Ave. Sale Price
- £314,785
- 10 Year change
- up 22.4%
- Ave. Rental Price
- £1,383pcm
- 10 Year change
- up 41.8%
- Ave. £ per ft²
- £338/ft²
- Ave. Gross Yield
- 5.3%/year/yr
Explore Propertiesin MK16 8TT
- 2 Pennycress Way
2 Bed Modern Flat
- 4 Pennycress Way
2 Bed Modern Flat
- 6 Pennycress Way
Unknown
- 8 Pennycress Way
2 Bed Modern Flat
- 10 Pennycress Way
Unknown
Sales Market Trends
The last sale in MK16 8TT sold for £160,000 on 19th December 2025. Since then prices are down an average of 0.2%.
The current average value in the postcode is £314,785.
The MK16 8TT Sales Market has increased by 22.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0.2% | £314,785 |
| June 2025 | 1.9% | £314,227 |
| June 2024 | -0.8% | £308,473 |
| June 2023 | 0.3% | £310,914 |
| June 2022 | 9.2% | £309,901 |
| June 2021 | 5.8% | £283,902 |
| June 2020 | -0.6% | £268,450 |
| June 2019 | 0% | £270,152 |
| June 2018 | 0.4% | £270,083 |
| June 2017 | 4.6% | £269,031 |
| June 2016 | 14.2% | £257,215 |
| June 2015 | 9.6% | £225,241 |
| June 2014 | 11.8% | £205,510 |
| June 2013 | 2.5% | £183,826 |
| June 2012 | 0.7% | £179,360 |
| June 2011 | -3% | £178,154 |
| June 2010 | 8.6% | £183,635 |
| June 2009 | -12.7% | £169,016 |
| June 2008 | -2.4% | £193,497 |
| June 2007 | 0% | £198,180 |
Rental Market Trends
The current average rental value in the postcode is £1,383.
The MK16 8TT Rental Market has increased by 41.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.8% | £1,383pcm |
| June 2025 | 1.9% | £1,320pcm |
| June 2024 | 6.2% | £1,295pcm |
| June 2023 | 9.1% | £1,219pcm |
| June 2022 | 9.2% | £1,118pcm |
| June 2021 | 3.7% | £1,023pcm |
| June 2020 | 1.2% | £987pcm |
| June 2019 | -0.9% | £975pcm |
| June 2018 | 1.2% | £983pcm |
| June 2017 | -0.4% | £971pcm |
| June 2016 | 7.5% | £975pcm |
| June 2015 | 8.8% | £907pcm |
| June 2014 | 3.6% | £833pcm |
| June 2013 | 3% | £804pcm |
| June 2012 | 2% | £780pcm |
| June 2011 | 1.3% | £765pcm |
| June 2010 | 3.2% | £755pcm |
| June 2009 | -6% | £731pcm |
| June 2008 | 4.1% | £778pcm |
| June 2007 | 0% | £748pcm |
Sales History
The last sale was on 19th December 2025 for £160,000 and since then the market in the area has decreased by 0.2%. The postcode has had a total of 145 sales since 1995.
MK16 8TT has seen 7 sales in the last three years and 2 sales in the last twelve months.
- Sold Dec 2025£160,000 | 2 Bed Flat16, Pennycress Way, Newport Pagnell, MK16 8TT16, Pennycress Way, Newport Pagnell, MK16 8TT
- Sold Aug 2025£165,000 | 2 Bed Flat40, Pennycress Way, Newport Pagnell, MK16 8TT40, Pennycress Way, Newport Pagnell, MK16 8TT
- Sold May 2025£660,000 | 4 Bed House90, Pennycress Way, Newport Pagnell, MK16 8TT90, Pennycress Way, Newport Pagnell, MK16 8TT
- Sold Mar 2025£171,000 | 2 Bed Flat34, Pennycress Way, Newport Pagnell, MK16 8TT34, Pennycress Way, Newport Pagnell, MK16 8TT
- Sold Jul 2024£505,000 | 4 Bed House86, Pennycress Way, Newport Pagnell, MK16 8TT86, Pennycress Way, Newport Pagnell, MK16 8TT
Nearby Postcodes
MK16 8TT is the 705th largest and the 25th most expensive postcode out of the 722 postcodes in the MK16 area.
- MK16 8TP, Burdock Court, Newport Pagnell, MK16MK16 8TP15 Addresses|57 m away
- MK16 8RS, Goldsmith Drive, Newport Pagnell, MK16MK16 8RS33 Addresses|59 m away
- MK16 8TL, Sorrell Drive, Newport Pagnell, MK16MK16 8TL13 Addresses|76 m away
- MK16 8TX, Pennycress Way, Newport Pagnell, MK16MK16 8TX16 Addresses|84 m away
- MK16 8TR, Charlock Court, Newport Pagnell, MK16MK16 8TR11 Addresses|87 m away
Property Types
- 17 modern houses built after 1980
- 26 modern flats built after 1980
- 3 houses of an unknown age
- 11 other addresses of unknown type
- modern house (17)
- modern flat (26)
- house (3)
- Unknown (11)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 43 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (0)
- F (0)
- C (26)
- G (0)
- D (17)
- No EPC (14)
Top 3 Most Expensive Sales
- Sold May 2025£660,000 | 4 Bed House90, Pennycress Way, Newport Pagnell, MK16 8TT90, Pennycress Way, Newport Pagnell, MK16 8TT
- Sold Aug 2022£547,500 | 4 Bed House96, Pennycress Way, Newport Pagnell, MK16 8TT96, Pennycress Way, Newport Pagnell, MK16 8TT
- Sold Sep 2021£518,000 | 4 Bed House82, Pennycress Way, Newport Pagnell, MK16 8TT82, Pennycress Way, Newport Pagnell, MK16 8TT
Schools Nearby
- Portfields Primary School400 m away
- Green Park School1.3 km away
- Giffard Park Primary School1.4 km away
- E-Act Ousedale School1.2 km away
- Stantonbury School3.3 km away
- The Radcliffe School5.9 km away
More reading links
Public Transport Nearby
The closest station to MK16 8TT is Wolverton station, which is 4.4 kilometres away.
- Wolverton|4.4 km away
- Milton Keynes Central|6.1 km away
- Bow Brickhill|9.8 km away
- Fenny Stratford|9.9 km away
