Central MK flat with garage — good rental potential but short lease and high service charges..
Garage included with power and light
Open-plan lounge and kitchen for flexible living
Two double bedrooms with built-in wardrobes
Approx 69 years remaining on lease — lender risk
High annual service charge (£3,648.04)
Electric storage heating; older double glazing
Currently let on assured short-hold tenancy
Local area: very high crime; very deprived locality
This upper-ground two-bedroom apartment in Central Milton Keynes offers practical city-centre living with a private garage — a clear plus for commuting buyers or landlords seeking tenant demand. The apartment has an open-plan lounge/kitchen, two double bedrooms with built-in wardrobes and a straightforward bathroom layout, all within an average-sized 619 sq ft footprint.
Important practical notes: the lease has approximately 69 years remaining, which will deter many mortgage lenders and could restrict buyer options unless the lease is extended. The annual service charge is substantial (£3,648.04) and ground rent of £100 applies. Heating is by electric storage heaters and the property has double glazing installed before 2002.
Currently let on an assured short-hold tenancy and said tenant may wish to remain, which could suit investors seeking immediate rental income. For first-time buyers considering owner-occupation, lender restrictions on the short lease mean obtaining mortgage approval or budgeting for a lease extension will be necessary. The area is well connected with good mobile signal, average broadband and local amenities, but note local crime levels are recorded as very high and the wider area is classified as very deprived.
Overall, this is a practical, central apartment with rental potential and secure parking; it suits an investor who can manage a tenant and service charges, or a buyer prepared to address the lease length and energy/maintenance considerations.
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