Summary - Queensway, Milton Keynes, MK2 MK2 2FE
2 bed 2 bath Apartment
High yield rental close to shops, station and strong tenant demand.
Chain free two-bedroom apartment with en suite to master bedroom
This chain-free, two-bedroom apartment in MK2 offers a straightforward buy-to-let package close to Bletchley station and High Street. The property’s open-plan living and en suite main bedroom make it attractive to long-term tenants or professionals commuting to London and Birmingham.
Currently indicated rental market value is £1,250 pcm, giving a strong gross return against the £150,000 asking price. The flat sits in a modern block built 2007–2011, benefits from double glazing, off-street residents’ parking and an unusually long lease (111 years remaining), simplifying management and resale.
There are material costs to factor into returns: an average annual service charge of £2,872 and ground rent of £250. The property lies in an area with high recorded crime rates and greater local deprivation, which can affect tenant profiles and demand. Investors should also note the apartment is on a community heating scheme and within a private-renting neighbourhood.
Overall this is a pragmatic, hands-off letting opportunity for investors seeking immediate income and simple tenant appeal close to transport and local amenities. Budget for ongoing service charges, and consider local management solutions to mitigate area-related risks.
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