*Guide | £60,000 (plus fees)
- Studio
- 1 Bedroom
- Tenure: Leasehold. 89
Call the team on 0333 358 2245 for more information
** GOOD SIZE STUDIO FLAT ** IDEAL INVESTMENT ** MILTON KEYNES CENTRAL LOCATION ** EXCELLENT RENTAL PROSPECT WITH ATTRACTIVE RETURNS POSSIBLE ** PEPPERCORN GROUND RENT AND 89 YEAR LEASE **
Situated in a fantastic location with easy access to the wide range of amenities available in and around Central Milton Keynes, this well-positioned 2nd floor studio apartment presents an excellent opportunity for investors and landlords alike. The property benefits from an unexpired lease term of approximately 89 years and comprises a good-sized studio room, a separate modern kitchen, and a shower room. Resident permit parking is also available directly in front of the building, adding further convenience and appeal. While the property would benefit from some improvement, it offers significant potential, with a C rated EPC and a potential annual rental income of over £10,000. This makes it an attractive proposition for investors seeking strong rental returns and an excellent addition to an existing property portfolio.
Tenure
Leasehold. 89
INSIDE
COMMUNAL ENTRANCE With security door and intercom system, stairs to all floors. The property is located on the second floor. ENTRANCE HALL With intercom receiver, door to KITCHEN 6'10 X 6'6 With a range of modern fitted units, stainless steel sink unit, fitted filter hood, space for appliances STUDIO ROOM 15'0 X 11'10 Double glazed windows, radiator, integrated storage cupboard and airing cupboard with hot water tank. SHOWER ROOM With shower cubicle, sink, wc and radiator.
OUTSIDE
COMMUNAL GARDENS Mainly laid to lawn PARKING RESIDENT PERMIT PARKING
LEASE DETAILS
The current lease term is 89 years, peppercorn ground rent. The service charge estimate for 2026/2027 is shown by documentation as £1847.
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Milton Keynes Council
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - - The purchaser will be required to pay a buyers premium charge of £2400 (£2000 plus vat)
Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
Floor Plans
Click the image to view the full-sized floorplan.
