Low-cost, income-producing flat close to Central Milton Keynes and commuter routes.
Tenant in situ paying £750 PCM providing immediate rental income
A compact, newly redecorated one-bedroom apartment in Conniburrow, offered with a tenant in situ paying £750 PCM — an immediate rental income opportunity for investors. The flat is small (approx. 406 sq ft) but efficiently laid out with a lounge/diner, double bedroom with built-in wardrobes, modern bathroom and communal entrance. Low annual service charge of around £300 and no ground rent help running costs remain modest.
Location is a key practical benefit: the property is within walking distance of Central Milton Keynes, local shops and bus links, with easy road access to the M1 and A5. A private garage is included, useful for tenant appeal or extra storage. Broadband speeds and mobile signal are reported strong, supporting rental demand for commuters and city workers.
Important considerations: the flat is leasehold with approximately 90 years remaining on the lease. The local area is classified as very deprived and has a high crime level — factors that can affect long-term capital growth and rental choice. The apartment is small and best suited to a single occupant or couple rather than families. Council tax band is not specified.
Summary for buyers: this is a low-entry investment with immediate rental income and low holding costs, or a compact starter home for a first-time buyer. Assess local area conditions and lease length implications before committing, and factor in the small size when setting rental expectations or resale pricing.
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