Norbrek, Two Mile Ash, Milton Keynes
By Auction House Beds & Bucks
£ 60,000
Reviews
2 out of 5 stars
Auction House Beds & Bucks says ..
**FOR SALE BY AUCTION ON WEDNESDAY 26TH FEBRUARY 2025 COMMENCING AT 1PM - SALE VIA A LIVE-STREAMED AUCTION** ** GUIDE PRICE £60,000 £80,000 ** ** PLEASE CALL FOR VIEWINGS ** A fantastic investment opportunity presenting a vacant first-floor studio apartment offering a 120-year lease ...
Property Oracle says ..
This studio apartment in Two Mile Ash, Milton Keynes, presents a mixed bag of features. Located reasonably close to schools and train stations, its location offers convenience. However, the property’s condition appears dated and in need of renovations, potentially involving substantial investment. The complete absence of a garden or outdoor space represents a significant disadvantage. The list price seems moderately reasonable relative to similar properties but is subject to the fluctuations of an auction format. Buyers should carefully weigh the cost of necessary renovations against the potential return on investment. The fact it’s a studio apartment may appeal to specific buyers, such as students or young professionals, but limits the property’s overall appeal. Further investigation of the lease terms associated with the property would be beneficial before any purchase decisions are made. Overall, this property would appeal more to those seeking a project or investment opportunity who can manage the refurbishment costs and understand the implications of the lease.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 4
- Location
- 6
- Land
- 1
- Bedrooms
- 0
- Bathrooms
- 1
- Sqft (est)
- 400.00
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 318,750.00 £Increased by 14.94 %
- Est sale value
- 113,600.00 £Increased by 21.37 %
- Average area rental value
- 1,256.00 £/moIncreased by 2.28 %
- Est letting value
- 400.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.73 %Decreased by 10.92 %
- Crime Rate
- 30.00 %Unchanged by 0.00 %
Agent Activity
Auction House Beds & Bucks created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Two Mile Ash School | Academy Converter | 0.36 KM | |
| Ashbrook School | Academy Converter | 0.38 KM | |
| Holmwood School | Academy Converter | 0.78 KM | |
| Loughton Manor First School | Community School | Outstanding | 1.86 KM |
| Whitehouse Primary School | Free Schools | Good | 2.00 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| H4 Dansteed Way | £ 0 | 0 | 0.00 KM |
| Kuri Close | £ 159,000 | 0 | 0.00 KM |
| Ronaldsay Grove | £ 480,000 | 0 | 0.00 KM |
| Brookside | £ 0 | 0 | 0.00 KM |
| Orkon Avenue | £ 427,714 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Wolverton | 1364 | WOL | 2.75 KM |
| Milton Keynes Central | 1378 | MKC | 3.31 KM |
| Bletchley | 1360 | BLY | 8.99 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Norbrek, Two Mile Ash, Milton Keynes | £ 60,000 | BUY | 4 / 10 | 0.00 KM |
| 3 Norbrek, Two Mile Ash, Milton Keynes, Buckinghamshire, MK8 8AT | £ 75,000 | BUY | 5 / 10 | 0.04 KM |
| 25 Norbrek, Two Mile Ash, Milton Keynes, Buckinghamshire, MK8 8AT | £ 75,000 | BUY | 6 / 10 | 0.05 KM |
| Norrington, Two Mile Ash, Milton Keynes, MK8 | £ 80,000 | BUY | 4 / 10 | 0.11 KM |
| Kercroft, Two Mile Ash, Milton Keynes | £ 177,000 | BUY | 6 / 10 | 0.11 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 14 Norbrek | £ 69,000 | 0.01 KM |
| 2 Norbrek | £ 14,000 | 0.01 KM |
| 3 Norbrek | £ 74,000 | 0.01 KM |
| 17 Norbrek | £ 102,500 | 0.01 KM |
| 9 Norbrek | £ 72,000 | 0.01 KM |