Summary - 21 Bounds Croft, Greenleys MK12 6AW
1 bed 1 bath Flat
Chain-free investment near Milton Keynes Central and A5 with parking.
One double bedroom, average-sized one-bed flat (approx. 528 sq ft)
A one-bedroom, leasehold flat in Greenleys offered vacant at auction — a straightforward purchase for an investor prepared to act quickly. The property benefits from double glazing, a modern fitted kitchen and bathroom, allocated off-street parking and a communal garden, all within easy reach of Milton Keynes Central and the A5.
The flat is average-sized (approx. 528 sq ft) and constructed in the late 1960s–1970s style with warm-air gas heating and cavity walls likely without added insulation. The 81-year lease remaining and modest annual charges (service charge £750, ground rent £100) make ownership costs clear, but buyers should factor in the lease length and auction timescales, including the reservation fee and completion timetable.
This is a buy-to-let prospect in a high-demand rental location, with estimated rental yield quoted around 6–7% (subject to market conditions and due diligence). However, the wider area records high crime and very high deprivation indices; the neighbourhood profile suits landlords targeting social-renting households and young families rather than premium tenants.
The flat will suit an investor or a buyer planning light-to-medium refurbishment. There are no flood risks noted, broadband and mobile signal are good, but the building shows signs of age and some parts will benefit from updating and energy-efficiency work to improve long-term rentalability and value growth.
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