Residential dwellings
8,355
Addressable residential units in the area (OS AddressBase).
MK16 rents and yields
Asking rent £1,341/month · Gross yield 4.0% · 12 months, listings to Sep 2026
What is MK16?
MK16: residential dwellings 8,355.
HMO-shaped dwellings
0.0%
MK16 ranks 15th of 18 neighbouring postcode districts for HMO-shaped dwellings.
Share of dwellings OS AddressBase classifies RH01/RH02/RH03: laid out as a house in multiple occupation. A statement about built form, not about a licence.
- Buildings
- 8,010
- Mixed-use buildings
- 1.3%
- HMO-shaped units
- 0.0%
- EPC A or B
- 8.0%
- EPC D or worse
- 56%
What does MK16 earn?
MK16: asking rent £1,341/month (12 months to Sep 2026, 118 lets).
Asking rent
£1,341/month 12 months to Sep 2026
118 lets
Median asking rent per calendar month of residential lettings in the month, from portal listings. Asking, not achieved. 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 118 lets.
Gross yield, asking basis
4.0% 12 months to Sep 2026
179 lets
+5.9% on the previous 12 months.
Cell asking rent × 12 over the same cell's asking sale price, before costs, voids and finance (cells with fewer than 5 dated listings are not built). 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 179 lets.
Sample is the dated lettings behind the latest month's rent cell.
Homes to rent
61 on 4 Nov 2026
Count of live residential lettings on the day, from portal listings; observed forwards from 5 Sep 2026. The count on 4 Nov 2026; the daily series began on 5 Sep 2026, so no change over a year is stated.
How does MK16 vary by home size?
Asking rent in MK16 runs from £1,219/month for 2 bedrooms to £1,510/month for 3 bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | Not published | — | — | — |
| 2 bedrooms | £1,219/month | 12 months to Sep 2026 · 8 of 12 months observed | — | 70 |
| 3 bedrooms | £1,510/month | 12 months to Sep 2026 · 6 of 12 months observed | — | 41 |
| 4 bedrooms | Not published | — | — | — |
| 5+ bedrooms | Not published | — | — | — |
Asking rent per calendar month by bedroom band: the monthly medians of lettings that came to market, weighted by their dated listings, within the last 12 calendar months, from portal listings. A band with fewer than 30 dated listings in the year is not published.
Who owns MK16?
Corporate landlords hold 75% of the 276 units in MK16 whose freeholder is classified; 97% of all units are not yet classified.
- Corporate landlords75% of classified · 206 units
- Individuals (not traceable in bulk)15% of classified · 42 units
- Housing associations9.8% of classified · 27 units
- RMC0.4% of classified · 1 units
Freeholder class per addressable unit, from HM Land Registry CCOD/OCOD matched to the title and Companies House. Individuals are counted, never itemised.
Where does MK16 rank?
MK16 ranks 10th of 17 postcode districts in Milton Keynes for asking rent, at £1,341/month.
Asking rent · postcode districts in Milton Keynes
MK16 ranks 10th of 17 postcode districts in Milton Keynes for asking rent, at £1,341/month.
| # | Area | Asking rent | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | MK19 | £1,826/month | 12 months to Sep 2026 · from monthly figures | 234 | measured |
| 2 | MK5 | £1,674/month | 12 months to Sep 2026 · from monthly figures | 281 | measured |
| 3 | MK4 | £1,587/month | 12 months to Sep 2026 · from monthly figures | 295 | measured |
| 4 | MK10 | £1,571/month | 12 months to Sep 2026 · from monthly figures | 270 | measured |
| 5 | MK15 | £1,488/month | 12 months to Sep 2026 · from monthly figures | 45 | indicative |
| 10 | MK16 | £1,341/month | 12 months to Sep 2026 · from monthly figures | 118 | measured |
Full table: asking rent across postcode districts in Milton Keynes
Gross yield, asking basis · postcode districts in Milton Keynes
MK16 ranks 15th of 17 postcode districts in Milton Keynes for gross yield, asking basis, at 4.0%.
| # | Area | Gross yield, asking basis | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | MK9 | 7.7% | 12 months to Sep 2026 · from monthly figures | 2,076 | measured |
| 2 | MK2 | 6.0% | 12 months to Sep 2026 · from monthly figures | 237 | measured |
| 3 | MK8 | 5.5% | 12 months to Sep 2026 · from monthly figures | 616 | measured |
| 4 | MK10 | 5.2% | 12 months to Sep 2026 · from monthly figures | 495 | measured |
| 5 | MK6 | 5.1% | 12 months to Sep 2026 · from monthly figures | 440 | measured |
| 15 | MK16 | 4.0% | 12 months to Sep 2026 · from monthly figures | 179 | measured |
Full table: gross yield, asking basis across postcode districts in Milton Keynes
Where next from MK16?
- Milton KeynesThe wider market this area sits in.
- MK1Neighbouring postcode district · Asking £3,802/m² · Sep 2026
- MK10Neighbouring postcode district · Asking £4,473/m² · Sep 2026
- MK11Neighbouring postcode district · Asking £3,906/m² · Sep 2026
- MK12Neighbouring postcode district · Asking £3,781/m² · Sep 2026
- MK13Neighbouring postcode district · Asking £3,683/m² · Sep 2026
- MK14Neighbouring postcode district · Asking £4,022/m² · Sep 2026
- MK15Neighbouring postcode district · Asking £7,034/m² · Sep 2026
- MK19Neighbouring postcode district · Asking £4,284/m² · Sep 2026
- MK17Next door, in another authority · Asking £4,095/m² · Sep 2026
- MK43Next door, in another authority · Asking £4,419/m² · Sep 2026
- NN7Next door, in another authority · Asking £5,087/m² · Sep 2026
Questions about MK16
- What is the average rent in MK16?
- Homes to let in MK16 asked a median £1,341/month over the 12 months to Sep 2026, 118 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in MK16?
- 4.0% on the asking basis: the asking rent times twelve over the asking sale price in the same listing cell, before costs, voids and finance, over the 12 months to Sep 2026, 179 lets. +5.9% on the previous 12 months.
- What kind of homes are in MK16?
- MK16 has 8,355 homes, 0.0% laid out as houses in multiple occupation.
Construction costs Context for residential research
Sector and regional evidence. These figures are not a quote for an individual property.
Reading the cost index and the regional factors…
Everything else about MK16
- Property values in MK16Every addressable home with its floor area, tenure and last recorded sale.
- Land and development sites in MK16Registered land with its area, tenure and what stands on it.
- Houses and flats for sale in MK16What is on the market right now, with the evidence beside each asking price.
- Flats and houses to rent in MK16What is available to rent, with the recorded rent and yield beside each asking price.
- Sold house prices in MK16Registered completions from Price Paid, newest first.
- Planning applications in MK16What was proposed, who decided it and whether it was approved.
- Estate agents in MK16Who actually lists here, ranked by volume over 12 months.
Where these figures come from
| Figure | Dataset | Window | Latest | Sample |
|---|---|---|---|---|
| Residential dwellings | HM Land Registry Price Paid and the address register, 12-month rollup | Latest published | — | — |
| HMO-shaped dwellings | HM Land Registry Price Paid and the address register, 12-month rollup | Latest published | — | — |
| Asking rent | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 118 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 179 lets |
| Homes to rent | Portal listings; observed forwards from 5 Sep 2026 | on 4 Nov 2026 | 4 Nov 2026 | — |