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For landlords

Letting a property in Milton Keynes: a landlord’s guide

Licensing, certificates, deposits and the local figures for landlords letting in Milton Keynes.

Average rent£1,344£1,344 a month (ONS, August 2026), up 3.9% on a year earlier Source
Average house price£330,000£330,000 (UK HPI, July 2026), up 2.6% on a year earlier Source
Homes sold, last 12 months2,738Average price paid £395,407 (HM Land Registry)
Households renting privately20.9%About 20.9% of households rent privately (Census 2021) Source
Council tax£2,372.21£2,372.21 average Band D (2026/27), including Thames Valley police, Buckinghamshire and Milton Keynes fire and average parish precepts Source
Landlord licensingNoneWhat it means for you

General information as at October 2026, not legal advice. Always check the council’s current scheme before letting.

Landlord licensing in Milton Keynes

  • Selective licensing: No selective licensing scheme.
  • Additional HMO licensing: No additional HMO licensing scheme: only the national mandatory licence for HMOs with five or more people, not all related, sharing facilities. An Article 4 direction controls new small HMOs through planning in parts of the city.
  • Fees: £730 for a new or renewed HMO licence (£485 on application and £245 on approval)

Separately, every large HMO (5 or more people forming 2 or more households) needs a mandatory HMO licence anywhere in England. Source: Milton Keynes City Council.

Milton Keynes City Council: private renting and licensing

Safety certificates

  • Gas Safety (CP12): every 12 months, by a Gas Safe registered engineer.
  • EICR: at least every 5 years, by a qualified electrician.
  • EPC: rated E or above, valid for 10 years.
  • Alarms: a smoke alarm on every storey, and a carbon monoxide alarm in rooms with a fixed combustion appliance (not gas cookers).

Book a Gas Safety certificate, EICR or EPC in Milton Keynes at a fixed price, and keep track of expiry dates in the free landlord dashboard.

Deposits and the inventory

Protect the deposit in the DPS, TDS or mydeposits within 30 days. At the end, the scheme decides any dispute on the evidence, above all the check-in compared with the check-out, so the inventory is what protects you.

What to record in Milton Keynes homes

  • 1970s new-town estates in Fishermead, Netherfield and Beanhill: photograph flat roofs, timber cladding, windows and any condensation or mould.
  • New-build homes in Broughton, Brooklands and the western expansion areas: record snagging marks, sealant and any cracks so they are noted before the tenancy.
  • Central Milton Keynes apartments: note fob, key, parking and bike store counts, and photograph balconies and the intercom.
  • Victorian terraces in Wolverton and Bletchley: photograph the rear yard, alley access, gutters and any damp in back rooms.
  • Stone cottages in Olney and the northern villages: record damp patches, wood burners and flues, and any oil tank.

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Homes sold in Milton Keynes in the last 12 months

TypeSalesAverage price
Terraced751£286,240
Detached738£543,922
Semi-detached720£332,474
Flat or maisonette465£185,890
Other64£2,194,106

HM Land Registry Price Paid Data since 27 October 2025, updated monthly. Look up any address in the free property report.

Questions

Letting in Milton Keynes: questions

Is there selective licensing in Milton Keynes?

No selective licensing scheme. Check the council’s page before letting: schemes are renewed and changed every few years.

What certificates does a landlord need in Milton Keynes?

A Gas Safety certificate every 12 months (where there is gas), an electrical safety report (EICR) at least every 5 years, and a valid EPC rated E or above, plus working smoke alarms on every storey and carbon monoxide alarms by fixed combustion appliances.

How long do I have to protect a deposit?

30 days from receiving it, in the DPS, TDS or mydeposits, with the prescribed information given to the tenant in the same 30 days.

Do I need an inventory as a landlord in Milton Keynes?

It isn’t a legal requirement, but without a signed check-in record it is very hard to claim anything from the deposit at the end. With DIY Inventory you can do it yourself for £30, or send your tenant a link to do it.

Ready when you have the keys

Do your Milton Keynes check-in yourself, on your phone, for £30.

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