Housing Market Analysis for PENNYCRESS WAY, MK16 8TX

Are you looking to understand MK16 8TX house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Milton Keynes postcode.

For the location information and nearby amenities in the MK16 8TX area, explore the MK16 8TX Area information page.
For comprehensive crime statistics in the MK16 8TX area, explore the MK16 8TX Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the MK16 8TX postcode area, The average prices are as follows,

Terraced
- The average price is around £103,128 median price is £83,000 Standard Deviation is £73,273 with Total Sold: 24
- The Last 5 Year average price is £205,000 with Total Sold: 1
- The most recent sale happened at this postcode is 5 PENNYCRESS WAY: £205,000 (Sold on 20 Jan 2023)
- The first recorded sale happened at this postcode is 9 PENNYCRESS WAY: £32,000 (Sold on 09 Jun 1995)
Semi-Detached
- The average price is around £86,500 median price is £59,000 Standard Deviation is £52,518 with Total Sold: 3
- The most recent sale happened at this postcode is 17 PENNYCRESS WAY: £160,000 (Sold on 07 Nov 2018)
- The first recorded sale happened at this postcode is 17 PENNYCRESS WAY: £40,500 (Sold on 12 Jun 1998)
Detached
- The average price is around £151,647 median price is £164,950 Standard Deviation is £61,956 with Total Sold: 3
- The most recent sale happened at this postcode is 31 PENNYCRESS WAY: £219,995 (Sold on 01 Apr 2005)
- The first recorded sale happened at this postcode is 31 PENNYCRESS WAY: £69,995 (Sold on 23 Aug 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average MK16 8TX house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£205,000	£4,881	1
2018	£355,000	£3,660	1
2017	£146,000	£3,561	1
2014	£225,000	£2,320	1
2012	£124,000	£2,287	3
2010	£130,950	£2,079	1
2008	£130,000	£3,171	1
2006	£110,000	£1,728	1
2003	£85,000	£1,979	3
2002	£80,000		1
2000	£59,537	£1,137	3
1999	£53,000	£1,047	3
1997	£33,500	£798	1
1995	£31,667	£773	3

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2018	£160,000	£3,922	1
2001	£59,000	£1,405	1
1998	£40,500	£964	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2005	£219,995	£2,268	1
2002	£164,950	£1,701	1
1996	£69,995	£722	1

All the Sales in the PENNYCRESS WAY, MK16 8TX

See the table below for more details on the sold house prices in the MK16 8TX, Milton Keynes postcode.

Address	Sold Date	Price	% Change
5 PENNYCRESS WAYTerraced, FreeholdArea: 42 Sq.mtrAge: 1976-1982	20 Jan 2023	£205,000	115.79%
	14 Nov 2003	£95,000	183.58%
	12 Sep 1997	£33,500	8.06%
	28 Jul 1995	£31,000	First Sale
17 PENNYCRESS WAYSemi-Detached, FreeholdArea: 40.8 Sq.mtr	07 Nov 2018	£160,000	171.19%
	29 May 2001	£59,000	45.68%
	12 Jun 1998	£40,500	First Sale
31 PENNYCRESS WAYTerraced, FreeholdArea: 97 Sq.mtrAge: 1991-1995	16 May 2018	£355,000	57.78%
	21 Feb 2014	£225,000	2.28%
	01 Apr 2005	£219,995	33.37%
	12 Aug 2002	£164,950	135.66%
	23 Aug 1996	£69,995	First Sale
7 PENNYCRESS WAYTerraced, FreeholdArea: 41 Sq.mtrAge: 1983-1990	31 Mar 2017	£146,000	97.30%
	21 Mar 2003	£74,000	First Sale
25 PENNYCRESS WAYTerraced, Freehold	02 Oct 2012	£124,999	First Sale
23 PENNYCRESS WAYTerraced, FreeholdArea: 54 Sq.mtrAge: 1983-1990	06 Jun 2012	£122,000	10.91%
	07 Apr 2006	£110,000	67.94%
	03 May 2000	£65,500	First Sale
19 PENNYCRESS WAYTerraced, FreeholdArea: 54.02 Sq.mtrAge: 1983-1990	09 May 2012	£125,000	135.85%
	15 Feb 1999	£53,000	First Sale
21 PENNYCRESS WAYTerraced, FreeholdArea: 63 Sq.mtrAge: 1983-1990	12 Mar 2010	£130,950	101.46%
	28 Feb 2000	£65,000	First Sale
15 PENNYCRESS WAYTerraced, FreeholdArea: 41 Sq.mtrAge: 1983-1990	04 Aug 2008	£130,000	306.25%
	27 Oct 1995	£32,000	First Sale
13 PENNYCRESS WAYTerraced, FreeholdArea: 46 Sq.mtrAge: 1983-1990	28 Feb 2003	£86,000	First Sale
27 PENNYCRESS WAYTerraced, Freehold	11 Jan 2002	£80,000	30.08%
27 PENNYCRESS WAYTerraced, Freehold	19 Nov 1999	£61,500	First Sale
11 PENNYCRESS WAYTerraced, FreeholdArea: 41.2 Sq.mtrAge: 1983-1990	23 Jun 2000	£48,112	First Sale
9 PENNYCRESS WAYTerraced, FreeholdArea: 40 Sq.mtrAge: 1976-1982	10 Sep 1999	£44,500	39.06%
	09 Jun 1995	£32,000	First Sale

Check out the sold house prices near the MK16 8TX postcode. Properties currently for saleProperties currently for rent

PENNYCRESS WAY, MK16 8TX Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the MK16 8TX postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the MK16 8TX postcode.

Detached
- The average price is around £256,732 median price is £237,500 Standard Deviation is £145,673 with Total Sold: 606
- The Last 5 Year average price is £454,781 with Total Sold: 96
- The most recent sale happened at this postcode is , 10 DRYDEN CLOSE: £385,000 (Sold on 06 Sep 2024)
- The first recorded sale happened at this postcode is , 9 DRYDEN CLOSE: £53,000 (Sold on 16 Jan 1995)
Semi-Detached
- The average price is around £173,371 median price is £165,000 Standard Deviation is £97,877 with Total Sold: 831
- The Last 5 Year average price is £313,126 with Total Sold: 113
- The most recent sale happened at this postcode is , 20 TENNYSON DRIVE: £324,000 (Sold on 21 Aug 2024)
- The first recorded sale happened at this postcode is , 17 BYRON DRIVE: £53,000 (Sold on 11 Jan 1995)
Terraced
- The average price is around £152,602 median price is £142,000 Standard Deviation is £89,148 with Total Sold: 656
- The Last 5 Year average price is £286,825 with Total Sold: 86
- The most recent sale happened at this postcode is , 111 WORDSWORTH AVENUE: £290,000 (Sold on 07 Aug 2024)
- The first recorded sale happened at this postcode is , 35 SORRELL DRIVE: £44,950 (Sold on 24 Feb 1995)
Flat
- The average price is around £138,514 median price is £145,000 Standard Deviation is £52,563 with Total Sold: 235
- The Last 5 Year average price is £184,306 with Total Sold: 49
- The most recent sale happened at this postcode is , 44 PENNYCRESS WAY: £180,000 (Sold on 12 Jul 2024)
- The first recorded sale happened at this postcode is , 9 CHARLOCK COURT: £34,950 (Sold on 24 Feb 1995)
Other
- The average price is around £600,841 median price is £600,841 Standard Deviation is £440,841 with Total Sold: 2
- The Last 5 Year average price is £1,041,682 with Total Sold: 1
- The most recent sale happened at this postcode is , 6 WORDSWORTH AVENUE: £1,041,682 (Sold on 15 Sep 2019)
- The first recorded sale happened at this postcode is , 100 ROWDITCH FURLONG: £160,000 (Sold on 10 Jan 2017)

Sold Price Trend Over the Years:

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£442,222	£4,975	9
2023	£518,364	£4,626	11
2022	£484,056	£4,478	18
2021	£457,617	£4,050	30
2020	£408,917	£3,817	12
2019	£414,281	£4,124	16
2018	£390,714	£3,708	21
2017	£420,273	£3,678	12
2016	£394,308	£3,531	26
2015	£315,565	£3,017	50
2014	£293,821	£2,746	14
2013	£265,867	£2,634	15
2012	£228,455	£2,732	11
2011	£221,961	£2,846	13
2010	£253,031	£2,762	16
2009	£220,192	£2,276	13
2008	£273,400	£2,689	10
2007	£249,690	£2,515	21
2006	£259,622	£2,167	30
2005	£228,444	£2,311	10
2004	£247,500	£2,080	11
2003	£247,647	£1,894	17
2002	£185,670	£1,558	25
2001	£140,775	£1,281	18
2000	£146,153	£1,305	32
1999	£134,806	£1,105	35
1998	£106,608	£968	40
1997	£101,959	£903	46
1996	£80,142	£823	14
1995	£60,095	£656	10

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£314,325	£3,869	10
2023	£338,000	£4,472	20
2022	£331,778	£4,418	18
2021	£311,348	£4,005	33
2020	£290,794	£3,242	17
2019	£286,000	£3,645	15
2018	£285,910	£3,644	25
2017	£301,167	£3,871	33
2016	£277,904	£3,582	37
2015	£237,386	£2,930	38
2014	£202,472	£2,932	30
2013	£188,000	£2,515	23
2012	£183,333	£2,225	18
2011	£169,643	£2,450	21
2010	£181,423	£2,347	13
2009	£173,653	£2,250	13
2008	£191,585	£2,352	17
2007	£194,176	£2,666	30
2006	£173,428	£2,372	28
2005	£160,687	£2,151	24
2004	£163,428	£2,128	28
2003	£148,227	£1,969	33
2002	£112,365	£1,560	32
2001	£96,391	£1,330	37
2000	£87,840	£1,188	44
1999	£72,703	£974	59
1998	£67,357	£904	44
1997	£57,583	£792	32
1996	£53,233	£683	29
1995	£49,775	£649	30

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£319,555	£4,015	7
2023	£320,839	£4,187	14
2022	£308,333	£4,362	12
2021	£262,676	£3,722	17
2020	£270,840	£3,328	17
2019	£272,026	£3,398	19
2018	£266,500	£3,255	25
2017	£244,795	£3,490	22
2016	£234,692	£3,455	13
2015	£213,923	£2,971	21
2014	£207,637	£2,648	38
2013	£152,109	£2,262	16
2012	£160,040	£2,363	24
2011	£161,354	£2,464	12
2010	£163,744	£2,314	8
2009	£169,225	£2,222	20
2008	£164,430	£2,408	10
2007	£164,012	£2,665	27
2006	£139,992	£2,125	31
2005	£130,069	£2,222	18
2004	£142,815	£2,300	22
2003	£117,694	£1,925	33
2002	£95,706	£1,668	30
2001	£80,770	£1,294	30
2000	£73,119	£1,247	51
1999	£59,953	£1,050	33
1998	£57,123	£938	26
1997	£50,881	£783	25
1996	£44,731	£655	16
1995	£42,029	£809	19

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£171,667	£1,935	3
2023	£190,625	£2,672	4
2022	£192,909	£3,233	11
2021	£185,654	£2,666	13
2020	£173,583	£2,641	12
2019	£189,167	£2,935	6
2018	£177,750	£2,722	12
2017	£185,909	£7,721	11
2016	£172,500	£2,836	13
2015	£152,642	£2,393	12
2014	£157,200	£2,394	18
2013	£130,300	£2,170	5
2012	£134,382	£2,029	11
2011	£138,190	£2,035	25
2010	£141,838	£1,897	17
2009	£101,833	£36,018	3
2008	£102,167	£1,967	3
2007	£102,875	£2,966	4
2005	£106,250	£2,399	4
2004	£101,786	£2,241	7
2003	£93,333	£2,178	6
2002	£73,286	£1,585	7
2001	£59,900	£1,352	5
2000	£49,999	£1,157	8
1999	£46,500	£989	1
1998	£35,519	£715	5
1997	£33,475	£873	2
1996	£29,950	£666	1
1995	£31,308	£793	6

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2019	£1,041,682		1
2017	£160,000		1

House Type in MK16 8TX area

The most common house types in the MK16 8TX postcode area are Semi-detached (77), Terraced (20), and Detached (19).

Total	117
Semi-detached	77
Terraced	20
Detached	19
Flat	1
Shared house	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (56), and Owned: Owns with a mortgage or loan (30).

Owned: Owns outright	56
Owned: Owns with a mortgage or loan	30
Private rented: Private landlord or letting agency	19
Social rented: Rents from council or Local Authority	7
Social rented: Other social rented	3
Private rented: Other private rented	1
Lives rent free	1
Does not apply	0
Shared ownership: Shared ownership	0

Number of People in a Household

The most houses in the MK16 8TX have 2 people in household (40), and 1 person in household (38).

2 people in household	40
1 person in household	38
4 people in household	19
3 people in household	9
5 people in household	5
6 people in household	3
0 people in household	0
7 people in household	0
8 or more people in household	0