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See how verdicts workStudio flat · MK8 8AT
Sold STCListed 60 daysAuction 1 Jan · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** SOLD SUCCESSFULLY BY AUCTION HOUSE BEDS & BUCKS ** A fantastic investment opportunity presenting a vacant first-floor studio apartment offering a 120-year lease with 77 years remaining.
Conveniently located within a five-minute drive to Milton Keynes central this property is situated in the heart of Two Mile Ash overlooking the local park.
The accommodation is accessed via a communal entrance hall and comprises bedroom/lounge, kitchen, dressing area and shower room.
There is parking to the front and access to local amenities with a bus service running from the end of the road.
The property was previously let on an assured shorthold tenancy generating £600 p.c.m producing £7,200 per annum which gives a 12% yield.
TO REGISTER TO BID AND VIEW LEGAL DOCUMENTS, PLEASE VISIT OUR WEBSITE: auctionhouse.co.uk/bedsandbucks Communal Entrance Hall - Entered via a part glazed door there are stairs rising to the first floor where there is access to this property Lounge/Bedroom - 4.65m x 2.64m (15'03 x 8'08) - Window to the front there are doors to:- Kitchen - 2.72m x 1.88m (8'11 x 6'02) - Fitted with a range of floor and wall-mounted cabinets with a wood effect worktop and tiled splashback.
There are space for appliances and a fridge/freezer with a window to the front elevation.
Dressing Room - 2.72m x 2.16m (8'11 x 7'01) - With storage and door to:- Shower Room - 2.67m x 1.24m (8'09 x 4'01) - Suite comprising tiled shower, WC and hand wash basin with a window to the side elevation.
Outside - Parking - There is communal parking to the front and one allocated space as per the title plan, Services - Please refer to Legal Pack Terms Of The Lease - A term of 120 years from 01/01/1982 with 77 years remaining.
Ground Rent of £148 per annum Communal Electric charge £4.12 every quarter Insurance contribution £296.19 PLEASE REFER TO THE LEGAL PACK FOR CLARIFICATION AS STATED CHARGES ARE BASED ON INFORMATION PROVIDED BY THE SELLER.
Price Information - *Guides are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.
Buyers Premium Charge - The purchaser will be required to pay an administration charge of £1,800 (£1500 Plus VAT) Buyers Admin Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).
Council Tax - Milton Keynes City Council - Band A
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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Deal
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Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
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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 Norbrek, Two Mile Ash, Milton Keynes
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