# Land for sale (MK16 0LW)

## Property Details

| Key | Value |
|-----|-------|
| Address | 96 HOLLAND WAY, NEWPORT PAGNELL, NEWPORT PAGNELL, MILTON KEYNES MK16 0LW |
| Price | £2,000 |
| Last sold | £165,000 Jul 2007 |

## Description

TO BE SOLD BY ONLINE AUCTION AS LOT 149A ON TUESDAY 29 OCT 2024 - Freehold Land

**Milton Keynes Council**

Situated at the junction with Whitton Way, close to local shopping facilities and a short drive from the amenities available in Milton Keynes City Centre including Milton Keynes Train Station.

**Freehold Land **of approximately** 4,000 sq ft.**

**

Inspection**: On Site

## Property Photos

- ![Photo](/listings/photos/153617231/264551)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 96 HOLLAND WAY, NEWPORT PAGNELL, MILTON KEYNES, MK16 0LW | £165,000 | 27/07/2007 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| WILLIAMS DISPENSING CHEMIST ELTHORNE WAY, NEWPORT PAGNELL, MILTON KEYNES, MK16 0JR | £50,000 | 11/10/2023 | Other |

**Area average:** £50,000 (1 sale)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £527,500 (4 Other, MK16, 2024–2026)
- **Deviation:** -99.6%

## Rental Range

*ONS Price Index of Private Rents (Milton Keynes). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,199/mo
- **Realistic:** £1,332/mo
- **Optimistic:** £1,465/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Grantham & Newark (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Terraced House, Park View, MK16 | £1,200/mo | 2 | 0.53 miles | OpenRent |
| 2 Bed Flat, High Street, MK16 | £850/mo | 2 | 0.53 miles | OpenRent |
| 2 Bed Flat, Newport Pagnell, MK16 | £2,650/mo | 2 | 0.87 miles | OpenRent |

**Average rent: £1,567/mo (3 listings)**

## 1% Rule

- **Rent ratio:** 60% (strong)
- **Max investor price (0.8%):** £150,000
- **Target investor price (1%):** £120,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,200/mo).*

- **Gross yield:** 720%
- **Cost-to-rent:** 0.1×
- **Monthly cashflow:** £1,047/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 2166.5%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 350%
- **10y growth:** -70%

## House Price Index (HM Land Registry)

*Official index for Milton Keynes; All dwelling types series; as of March 2026.*

- **1y growth (index):** -1.2%
- **5y growth (index):** 15.7%
- **10y growth (index):** 28.8%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)