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MK16 (Newport Pagnell) area guide
Have your say - click here to share your opinions on MK16
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Postcode District:
MK16
Postcode District Name:
Newport Pagnell
Location:
The MK16 postcode district lies within or includes part of the following towns, counties, localities, electoral wards and stations: Astwood, Broughton, Chase, Chicheley, Filgrave, Gayhurst, Hanslope Park, Hardmead, Interchange Park, Lathbury, Little Crawley, Middleton, Milton Keynes, Moulsoe, Newport Pagnell, Newport Pagnell North, Newport Pagnell South, North Crawley, Northamptonshire, Sherington, Stoke Goldington, Tyringham.
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History:
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Present Day:
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Amenities:
Notes:
If you have any comments about MK16 that you would like to share with all visitors to this site, please feel free to post anything in our "Have your say about MK16" section.
A Mouseprice property guide for MK16 Newport Pagnell is coming soon. In the meantime, please have a look at the raw data and statistics about MK16 that can be found by click the relevant links on the left hand side.
Old area guide:
The commentary below was written for the mouseprice.com website in 2006, please be aware that the comments below might be out of date. We recommend disregarding these comments in favour of the data that can be found either above or in the other sections of this website.
Market trends:
 The size of the property market in MK16 is 7318 homes.
Property in this postcode district (MK16) has been growing at a nominal annual rate of 16.1% over the last 5 years. This rate can be indicative ofa dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.
Average property prices in this postcode district over the last three months have been approximately £190863.
Price earnings ratio is an indicator of the affordability of property for someone on the average salary in the area. Price Earnings Ratio in this postcode district is 8.2.
New transactions as a percentage of overall sales are 4.3%.
Housing stock:
If you are specifically looking to buy Semi- Detached Houses, this would be an excellent area for you to explore, with 33.9% of properties being this type.
The least common type of property in this area is Flats (6.6% of the total housing stock).
This is an area with a high proportion of property suitable for families with children.
Socially rented accommodation represents only a small percentage of rented accommodation in the area at 7.7%.
The majority of property in this area is owner occupied.
The average price of a two bed property in this area is less that the national average of £187894 at £162878.
Who lives here:
The population of this postcode district is 18074.
The average age in this area is 38.
This area has a high percentage of married people at 26%.
Average working hours in this area for men are 43 and for women are 32.
This area has 2.1 people per square kilometre.
Job prospects in this area are good with low unemployment (2%). Most jobs are found in the Wholesale & Retail and Construction sectors.
ME16 covers the town centre of Maidstone and the adjoining suburb. Access into the centre is easy taking only 5minutes on reliable public transport, but there is also access to the M20 and M2 motorways. At present the types of properties available to buyers are both new builds and older properties, although the area is experiencing a significant amount of private investment and numerous apartment buildings are being built in the area.
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