Close to Central Milton Keynes — leasehold one-bed with parking and strong rental yield..
One double bedroom with built-in wardrobe
A one-bedroom leasehold apartment close to Central Milton Keynes, offering immediate rental income and straightforward management. The flat currently produces a gross annual income of £11,700 (an 8.67% yield) with tenants in situ and a planned rent increase to £1,050 pcm, making it appealing to buy-to-let investors.
Accommodation is practical: entrance hall with storage, light sitting room with full-width windows, fitted kitchen, double bedroom with built-in wardrobe and a three-piece bathroom. An allocated off-street parking space and an additional lockable external storage cupboard add convenience for tenants or owners. Service charge is £90pcm and there is no ground rent.
The building is a mid-20th-century purpose-built block with modest communal external areas rather than private gardens. The property appears in reasonable condition but offers scope for standard internal modernisation to increase long-term value. Note it is leasehold with 88 years remaining — purchasers should factor lease length into future mortgage or resale plans.
Be aware of local context: the wider area shows high crime and very high deprivation metrics, and nearby schools are mixed in performance. These factors affect tenant demand and long-term capital growth; however, the current rental performance and proximity to Milton Keynes city centre support consistent lettings.
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