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See how verdicts workStudio flat · MK16 8AQ
For saleListed 75 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An interesting studio apartment located in the heart of Newport Pagnell town centre in the Grade II Listed former bank building, dating back to 1870.
The property has accommodation on the ground floor comprising an entrance hall, open plan living/ bedroom with kitchen area and a separate shower room.
It has a lofty feel with a 3.6m high ceiling and an informal mezzanine area which has been added for storage and which currently provides space for a mattress, with limited head height.
Outside there is a large shared garden. It benefits from a long lease of around 971 years!
The apartment is located in the heart of the town centre, just a few footsteps away from an array of independent shops, cafés, restaurants and pubs and just a short walk to lovely walks across Bury Common, and along the banks of the River Great Ouse and River Ouzel.
Ground Floor & Mezzanine A tall wooden gated entrance leads off the High Street into the passageway giving access to the apartment and gardens.
The apartment has a private entrance hall with doors to the shower room and living area. The living room/ bedroom has a high ceiling, around 3.6 m in height, with two tall windows to the High Street.
The kitchen area has units, oven and hob, one and a half bowl sink unit and space for appliances. The shower room has a modern white suite comprising WC, wash basin and a double sized shower cubicle.
Tiled walls.
A ladder leads up to mezzanine area, an informal area with limited head room of around 1.2 m - this would make an ideal storage area, and currently provides a platform for a king size mattress and sleeping area.
Outside Good size shared gardens which are laid to paving and gravel, located to the rear of the building.
Cost/ Charges/ Property Information Tenure: Leasehold Length of Lease: 999 Years from 1998 - around 971 years to run Annual Service Charge: £846.40, or £70.53 per month for year running 1/9/2025 to 31/8/2026.
Local Authority: Milton Keynes Council Council Tax Band: A Location - Newport Pagnell The town was first mentioned in the Domesday Book of 1086 as Neuport, Old English for "New Market Town", but by that time the old Anglo-Saxon town was dominated by the Norman invaders.
The suffix "Pagnell" came later when the manor passed into the hands of the Pagnell (Paynel) family.
It was the principal town of the Three Hundreds of Newport, a district that had almost the same boundary as the modern Borough.
The area is well served with local schooling, leisure facilities including a swimming pool, shops, pubs and restaurants.
Further amenities can be found in Central Milton Keynes, which is a short drive away. Central Milton Keynes and nearby Wolverton both offer links into London Euston.
Cmk offers direct links with journey times of approximately 40 minutes.
Note For Purchasers In order that we meet legal obligations, should a purchaser have an offer accepted on any property marketed by us they will be required to under take a digital identification check.
We use a specialist third party service to do this. There will be a non refundable charge of £18 (£15+VAT) per person, per purchase, for this service.
Buyers will also be asked to provide full proof of, and source of, funds - full details of acceptable proof will be provided upon receipt of your offer.
We may recommend services to clients to include financial services and solicitor recommendations, for which we may receive a referral fee – typically between £0 and £200 Disclaimer Whilst we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you please contact the office and we will be pleased to verify the information for you.
Do so, particularly if contemplating travelling some distance to view the property.
The mention of any appliance and/or services to this property does not imply that they are in full and efficient working order, and their condition is unknown to us.
Unless fixtures and fittings are specifically mentioned in these details, they are not included in the asking price.
Even if any such fixtures and fittings are mentioned in these details it should be verified at the point of negotiating if they are still to remain.
Some items may be available subject to negotiation with the vendor.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 30A, High Street, Newport Pagnell
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