2-bedroom flat · MK6 3AQ
Listing removedListed 131 days
Opportunity summary
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About
Located on the popular Milton Keynes Village of Simpson on Warren Bank is this two double bedroom ground floor apartment. The apartment boasts a lounge, kitchen/diner and family bathroom.
Further benefits include communal gardens with easy access from the property to the Grand Union Canal, an approximate lease length of 992 years, a service charge of £1500 per annum and no ground rent.
Simpson is a village in Milton Keynes located south of the centre, just north of Fenny Stratford.
The village has a village hall, St Thomas Simpson church, The Plough pub and restaurant and primary school. The Grand Union canal and Caldecotte lake are close offering lovely walks.
Communal Entrance Communal front access with pathway to front door, also a door to side access using separate path. Entrance Wooden door to entrance hall.
Entrance Hall Storage cupboard, built in wardrobe, storage heater, storage cupboard with water tank, doors to bedrooms, bathroom and kitchen/diner.
Kitchen/Diner Two double glazed windows to side aspect.
Range of wall mounted and floor standing units with rolled edge work surface over, stainless steel sink with mixer tap, space for cooker, extractor hood, space for dishwasher and washing machine, part tiled walls, storage heater, tiled floor, opening to lounge.
Lounge Double glazed doors to side aspect, double glazed window to side. Storage heater, opening to kitchen/diner. Bedroom One Double glazed window to side aspect. Storage heater.
Bedroom Two Double glazed window to side aspect. Storage heater. Bathroom Two frosted double glazed windows to side aspect.
Low level w.c., wash hand basin with mixer tap, wood panelled bath with shower attachment over, heated towel rail, part tiled walls. Outside Communal Parking & Communal Gardens Storage cupboard.
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 22, Warren Bank, Milton Keynes
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