2-bedroom flat · MK14 5FP
For saleListed 3 daysAuction 27 Oct · in 4 days
Opportunity summary
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About
** FOR SALE BY ONLINE AUCTION TUESDAY 17TH NOVEMBER ** GUIDE PRICE £137,000 + ** BIDDING OPENS FROM MONDAY 16THTH NOVEMBER FROM 1:00 PM ** VIEWINGS BY APPOINTMENT ** 27/10/26 2.00 PM TO 2.30 PM & 04/11/26 1.00 PM TO 1.30 PM ** PLEASE CALL ** 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.
REGISTER TO BID AND VIEW LEGAL DOCUMENTS, PLEASE VISIT OUR WEBSITE: auctionhouse.co.uk orthantsbedsandbucks Accomodation - Communal Entrance - With intercom system, stairs to all floors, the property is on the 1st floor Entrance Hall - Intercom receiver, laminate floor, cupboard housing gas boiler, radiator, door to Lounge - 5.79m x 4.27m (19'0 x 14'0) - Double glazed windows, double glazed door to juliet balcony, radiator.
Kitchen - 5.33m x 1.96m (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 - 4.27m x 2.74m (14'0 x 9'0) - Double glazed window, radiator Bedroom Two - 4.27m x 2.74m (14'0 x 9'0) - Double glazed window, radiator Bathroom - 2.13m x 1.96m (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.
Services - No appliances or services have been tested Council Tax - Band B Milton Keynes 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 Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).
Buyers Premium Charge - The purchaser will be required to pay a buyers premium charge of £1800 (£1500 plus vat) How To Get There - From M1 Junction 14, take the A509 towards Milton Keynes/Newport Pagnell, then at the first major roundabout take the exit for A509/Childs Way and continue towards Milton Keynes; follow signs for Newport Pagnell/Redhouse Park, then turn onto Wolverton Road and follow it towards Redhouse Park.
Turn into Redhouse Park and follow the residential roads to Sheep Way, MK14 5FP Doisa/0608Sa0441 -
Value & comps
No previous sales on record.
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Returns
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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.
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