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See how verdicts work1-bedroom house · MK46 4AU
Listing removedListed 241 days
Opportunity summary
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About
Stephen Oakley & Co is delighted to offer for sale this light-filled and spacious one bedroom retirement apartment, specifically for the over 55s, which enjoys a peaceful location, albeit within easy distance of Olney's traditional market place and bustling High Street.
Agreeably positioned within the Pegasus Manor House, with pleasant elevated views overlooking two different aspects, the property has no onward chain and benefits from an excellent range of communal facilities.
Boasting a southerly aspect, this first floor residence is comfortably accessed via stairway or elevator and is fitted with double glazing, ample storage space, electric heating and provides a 24/7 emergency call-out service.
The entrance hall leads to a bright and roomy sitting/dining room with dual aspect double glazed windows. The fitted kitchen comes with an in-built oven and hob and views of the church spire.
The bedroom is a good size, has built-in wardrobes and looks over the courtyard below. The shower room is a comfortable size with a modern walk-in shower enclosure.
Council Tax Band: C Tenure: Leasehold (116 years) Service Charge: £4,700.94 per year FACILITIES AND SERVICE CHARGE 116 years left on the lease.
The Service Charge is administered by First Port Retirement Property Services Ltd and the estimated charge per quarter is £1,175.23, this includes buildings insurance, water charges, all exterior maintenance to both the buildings and gardens, cleaning and maintenance of all exterior areas.
Pegasus Manor communal facilities include the use of a drawing room, dining room, library, conservatory, laundry room and gardens. Choice of paying ground rent or exit fee.
In addition, there is a residents’ guest suite available in the main Manor House at a low cost per night.
An on-site administrator is available Monday to Friday 9am to 5pm, and all residents have peace of mind of a 24/7 emergency call out service operated by Appello Call System.
LOCATION Olney’s historic and thriving town centre is just a short walk away, offering a wide range of independent shops, cafes, pubs, regular markets, transport links and the doctor’s surgery is located ‘just off’ the High Street.
Surrounded by attractive countryside with scenic riverside walks along the Great Ouse, Olney combines traditional market town charm with modern convenience.
Bus service and road links provide access to Milton Keynes, Bedford and Northampton.
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
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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.
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FAQ
About Freemans Gardens, Olney
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