Pennycress Way - MK16 8TX
Key Postcode Insights
MK16 8TX is a residential postcode situated on Pennycress Way, Newport Pagnell, MK16 with 16 addresses.
It ranks as the 449th largest and 58th most expensive of the 722 postcodes in the MK16 area. The most common property type is a modern house built after 1980.
The postcode contains a total of 16 properties: 16 houses.
- Ave. Sale Price
- £249,673
- 10 Year change
- up 28.2%
- Ave. Rental Price
- £1,282pcm
- 10 Year change
- up 48.8%
- Ave. £ per ft²
- £443/ft²
- Ave. Gross Yield
- 6.2%/year/yr
Key Postcode Insights
MK16 8TX is a residential postcode situated on Pennycress Way, Newport Pagnell, MK16 with 16 addresses.
It ranks as the 449th largest and 58th most expensive of the 722 postcodes in the MK16 area. The most common property type is a modern house built after 1980.
The postcode contains a total of 16 properties: 16 houses.
- Ave. Sale Price
- £249,673
- 10 Year change
- up 28.2%
- Ave. Rental Price
- £1,282pcm
- 10 Year change
- up 48.8%
- Ave. £ per ft²
- £443/ft²
- Ave. Gross Yield
- 6.2%/year/yr
Explore Propertiesin MK16 8TX
- 1 Pennycress Way
3 Bed Modern House
- 3 Pennycress Way
Unknown
- 5 Pennycress Way
2 Bed Mid-century House
- 7 Pennycress Way
2 Bed Modern House
- 9 Pennycress Way
2 Bed Modern House
Sales Market Trends
The last sale in MK16 8TX sold for £205,000 on 20th January 2023. Since then prices have on average remained the same.
The current average value in the postcode is £249,673.
The MK16 8TX Sales Market has increased by 28.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0.2% | £249,673 |
| June 2025 | 2.3% | £249,195 |
| June 2024 | -0.9% | £243,636 |
| June 2023 | 0.4% | £245,872 |
| June 2022 | 10.7% | £244,831 |
| June 2021 | 7.1% | £221,244 |
| June 2020 | -0.4% | £206,638 |
| June 2019 | 0.4% | £207,418 |
| June 2018 | 1.4% | £206,612 |
| June 2017 | 4.7% | £203,837 |
| June 2016 | 14.8% | £194,679 |
| June 2015 | 9.1% | £169,544 |
| June 2014 | 12.5% | £155,406 |
| June 2013 | 3.4% | £138,135 |
| June 2012 | 1.4% | £133,622 |
| June 2011 | -2.8% | £131,740 |
| June 2010 | 9% | £135,488 |
| June 2009 | -12.4% | £124,281 |
| June 2008 | -2.7% | £141,928 |
| June 2007 | 0% | £145,841 |
Rental Market Trends
The current average rental value in the postcode is £1,282.
The MK16 8TX Rental Market has increased by 48.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.9% | £1,282pcm |
| June 2025 | 2.2% | £1,222pcm |
| June 2024 | 6.1% | £1,196pcm |
| June 2023 | 9.5% | £1,127pcm |
| June 2022 | 10.7% | £1,029pcm |
| June 2021 | 4.7% | £929pcm |
| June 2020 | 1.8% | £888pcm |
| June 2019 | -0.8% | £872pcm |
| June 2018 | 2% | £879pcm |
| June 2017 | 0% | £862pcm |
| June 2016 | 8.4% | £861pcm |
| June 2015 | 9% | £794pcm |
| June 2014 | 3.6% | £729pcm |
| June 2013 | 4.2% | £703pcm |
| June 2012 | 2.8% | £675pcm |
| June 2011 | 1.2% | £657pcm |
| June 2010 | 4.1% | £649pcm |
| June 2009 | -5.9% | £623pcm |
| June 2008 | 4.2% | £663pcm |
| June 2007 | 0% | £636pcm |
Sales History
The last sale was on 20th January 2023 for £205,000 and since then the market in the area has remained stable. The postcode has had a total of 30 sales since 1995.
MK16 8TX has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Jan 2023£205,000 | 2 Bed House5, Pennycress Way, Newport Pagnell, MK16 8TX5, Pennycress Way, Newport Pagnell, MK16 8TX
- Sold Nov 2018£160,000 | 2 Bed House17, Pennycress Way, Newport Pagnell, MK16 8TX17, Pennycress Way, Newport Pagnell, MK16 8TX
- Sold May 2018£355,000 | 3 Bed House31, Pennycress Way, Newport Pagnell, MK16 8TX31, Pennycress Way, Newport Pagnell, MK16 8TX
- Sold Mar 2017£146,000 | 2 Bed House7, Pennycress Way, Newport Pagnell, MK16 8TX7, Pennycress Way, Newport Pagnell, MK16 8TX
- Sold Feb 2014£225,000 | 3 Bed House31, Pennycress Way, Newport Pagnell, MK16 8TX31, Pennycress Way, Newport Pagnell, MK16 8TX
Nearby Postcodes
MK16 8TX is the 449th largest and the 58th most expensive postcode out of the 722 postcodes in the MK16 area.
- MK16 8TL, Sorrell Drive, Newport Pagnell, MK16MK16 8TL13 Addresses|33 m away
- MK16 8TT, Pennycress Way, Newport Pagnell, MK16MK16 8TT57 Addresses|84 m away
- MK16 8RS, Goldsmith Drive, Newport Pagnell, MK16MK16 8RS33 Addresses|126 m away
- MK16 8RR, Goldsmith Drive, Newport Pagnell, MK16MK16 8RR5 Addresses|135 m away
- MK16 8TP, Burdock Court, Newport Pagnell, MK16MK16 8TP15 Addresses|135 m away
Property Types
- 11 modern houses built after 1980
- 1 mid-century house built between 1936 and 1979
- 1 house of an unknown age
- 3 other addresses of unknown type
- modern house (11)
- mid-century house (1)
- house (1)
- Unknown (3)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 12 properties.
- The most common rating is E.
- A (0)
- E (5)
- B (0)
- F (0)
- C (4)
- G (0)
- D (3)
- No EPC (4)
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 School500 m away
- Green Park School1.3 km away
- Giffard Park Primary School1.3 km away
- E-Act Ousedale School1.1 km away
- Stantonbury School3.2 km away
- The Radcliffe School5.8 km away
More reading links
Public Transport Nearby
The closest station to MK16 8TX is Wolverton station, which is 4.3 kilometres away.
- Wolverton|4.3 km away
- Milton Keynes Central|5.9 km away
- Bow Brickhill|9.7 km away
- Fenny Stratford|9.7 km away
