Summary -
Flat 504,475 Lower Twelfth Street,MILTON KEYNES,MK9 3PW
MK9 3PW
1 bed 1 bath Flat
Income-producing one-bedroom with parking and tenant in place.
Private garage parking included
A one-bedroom, leasehold flat in Milton Keynes offered with a private garage and a tenant in situ — positioned for investors and developers seeking immediate rental income. The property produces a current gross annual income of £15,000 and sits on a 107-year lease, providing medium-term security for buy-to-let ownership.
The apartment includes a lounge, kitchen, one bedroom, and a three-piece bathroom, plus a balcony that adds outdoor space. The building is modern in appearance and located close to extensive amenities and transport links, which supports ongoing tenant demand in this inner-city location.
Important issues: the surrounding area is classified as very deprived with very high crime levels, and the building/flat descriptions note maintenance needs and possible cosmetic updating. The tenure is leasehold and a buyer's premium will be applied to secure purchase, so purchasers should factor transactional costs and ongoing management into their calculations.
This opportunity suits investors seeking an income-producing addition to a portfolio who understand the local market dynamics. For clarity and due diligence, prospective buyers should review the Let Property Pack and tenancy documentation, and allow for refurbishment and management costs given the area's profile.
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