Compact high-spec one-bed with tenant in place — long lease and station nearby.
Tenant in situ — immediate rental income
Over 140 years remaining on the lease (142 years)
Compact 1-bed — approx. 363 sq ft (small)
High-spec finish; open-plan living and integrated kitchen
Walking distance to Milton Keynes Central station and Centre:MK
Service charge £1,709.06pa; ground rent £250pa
Electric room heaters; EPC D — potentially higher running costs
Area records very high crime — consider lettings/security measures
This compact one-bedroom apartment in central Milton Keynes is presented primarily as an investor opportunity. With a tenant in situ and over 140 years remaining on the lease (142 years stated), it offers immediate rental income and a secure long-term holding. The open-plan living area and modern kitchen with integrated appliances make it easy to let to working professionals or city-centre renters.
The flat benefits from plentiful natural light, a high-spec finish and a video-operated intercom system. Its location is a major strength — within easy walking distance of Milton Keynes Central station and Centre:MK, with abundant local amenities, transport links and leisure facilities close by.
There are important cost and condition facts to note. The property is small (approximately 363 sq ft) which may limit appeal to tenants seeking more space. Heating is electric via room heaters and the EPC rating is D, so running costs could be higher than gas-heated alternatives. Annual service charge (£1,709.06) and ground rent (£250) are payable and should be factored into yield calculations.
Local context is mixed: broadband and mobile signal are strong, but recorded crime levels for the area are very high — sensible lettings management and security measures are advisable. Overall, this is a low-maintenance, city-centre investment with immediate income potential, balanced by size and operating-cost considerations.
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