2-bedroom property · MK14 5FP
For saleListed todayAuction 17 Nov · in 27 days
Opportunity summary
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About
** SUPERB MODERN 1ST FLOOR FLAT LOCATED IN SOUGHT AFTER REDHOUSE PARK, MILTON KEYNES ** 870 SQFT OF SPACE, LONG LEASE AND PARKING ** This spacious and modern first-floor flat offers over 870 sq ft of well-proportioned accommodation and is presented in good decorative order throughout, making it relatively turn key property.
The property could potentially generate a rental income of around £1,250 per calendar month making a gross rental yield of close to 11% (based on the guide price).
Features include a Juliet balcony, gas central heating, double glazing allocated parking and an unexpired lease term of 107 years.
Situated in the sought-after Redhouse Park area, the property is conveniently located just a few miles from Milton Keynes Central and its wide range of shopping, leisure and transport amenities.
INSIDE COMMUNAL ENTRANCE With intercom and stairs to all floors ENTRANCE HALL Intercom receiver, laminate floor, cupboard housing gas boiler, radiator, door to LOUNGE 19'0 X 14'0 Double glazed windows, double glazed door to juliet balcony, radiator.
KITCHEN 17'6 X 6'5 Double glazed window, a range of high gloss units, with stainless steel sink, integrated oven, hob, filter hood and washing machine. Radiator.
BEDROOM ONE 14'0 X 9'0 Double glazed window, radiator BEDROOM TWO 14'0 X 9'0 Double glazed window, radiator BATHROOM 7'0 X 6'5 Double glazed window, bath, sink, wc, tiled to splash areas, heated towel rail.
OUTSIDE RESIDENT CAR PARK With gated entry and one allocated parking space LEASE DETAILS 125 Year lease term with 107 years unexpired. SERVICE CHARGES AND GROUND RENT.
The client informs us the annual service & estates charges are £2596 PA with a ground rent of £359.PA This is intended as a guide, please refer to the legal pack for further clarification.
Tenure: Leasehold EPC Rating: B
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
Area
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FAQ
About 38 Sheep Way Redhouse Park, Milton Keynes, Buckinghamshire, MK14 5FP
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