Summary - Flat 12 Mill House, Nelson Street MK18 1GW
2 bed 1 bath Flat
Ready-to-rent or move into — refurbished flat near university with new long lease.
Refitted open-plan kitchen, dining and living room
Refitted bathroom; newly redecorated and new flooring throughout
Two modest-sized bedrooms in a compact 463 sq ft layout
Short walk to town centre and university — strong rental demand
Off-street parking and chain-free sale; new 125-year lease
Service charge c.£75/month (approx. £900 annually)
High local flooding risk and reported high crime levels
Electric storage heating only — consider running costs and upgrades
Light, low-maintenance and newly refreshed, this two-bedroom second-floor apartment is aimed squarely at first-time buyers or buy-to-let investors seeking a town-centre location near the university. The property has been recently refurbished throughout with an open-plan kitchen/living area, a refitted bathroom, new carpets and redecorated walls — ready to move into or rent immediately.
Practical details support the purchase: a new 125-year lease (from 1 July 2022), off-street parking and a combined service charge and buildings insurance of about £75 per month (c.£900 annually). The compact 463 sq ft layout keeps running costs low and the property is chain-free, so completion can be straightforward.
Buyers should weigh obvious constraints alongside the positives. The flat is small and rooms are compact; heating is electric storage heaters rather than gas, which can affect running costs. The location carries a high flooding risk and local crime levels are reported as high — both important for owners and landlords to factor into insurance and management plans.
Overall this is a practical, low-commission opportunity for someone wanting an economical city-centre base or an income-producing let close to the university. The recent refurbishment reduces short-term upkeep, but environmental and safety factors (flooding, crime) and the electric heating should inform viewing and offer decisions.
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