2-bedroom flat · MK8 1BF
Sold STCListed 55 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the sought-after Whitehouse development, this charming top-floor apartment on Teeswater Way, offers a perfect blend of modern living and convenience and is available on a 70% shared ownership basis or Full market value at £235,000, presenting an excellent opportunity for first-time buyers.
The area is well regarded for its family-friendly atmosphere, green open spaces, and excellent transport links, with easy access to central Milton Keynes, local amenities, and nearby schools.
The property features two well-proportioned double bedrooms, both benefiting from an abundance of natural light, creating bright and inviting spaces.
The contemporary kitchen is fitted with an integrated oven and hob, along with ample cupboard storage, making it both practical and stylish.
The spacious lounge/diner provides an ideal setting for relaxing or entertaining, with doors opening onto an elegant private balcony perfect for enjoying outdoor space.
Completing the accommodation is a modern family bathroom, fitted with a bath and overhead shower.
This delightful apartment would make an excellent home for professionals, couples, or small families seeking comfort in a desirable location, with the added benefit of shared ownership making it more accessible to step onto the property ladder.
The current monthly housing costs for the property are: Mortgage: £802.85 per month Rent and service charge: £261.87 per month Total: £1,064.72 per month Full market value £240,000 Amplius housing affordability criteria requires the total housing cost to be no more than 30% of a buyer’s take-home income.
Based on the current monthly cost, a household would need approximately £3,550 per month take-home income to meet this guideline.
This is likely to equate to a household income in the region of around £55,000–£70,000+ per year, depending on individual circumstances and commitments.
Bedroom 2 2.6m x 3.5m Bedroom 1 2.82m x 3.51m Bathroom 2.4m x 1.92m Kitchen 4.88m x 1.91m Lounge/Diner 4.34m x 3.11m Parking - Off street Includes one allocated parking space conveniently located to the rear of the property.
Value & comps
No previous sales on record.
Returns
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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.
Area
Agent & docs
FAQ
About Teeswater Way, 1 Teeswater Way, MK8
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