Norbrek, Two Mile Ash, Milton Keynes
AU

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 %
from 277,320.00 £
Est sale value
113,600.00 £
Increased by 21.37 %
from 93,600.00 £
Average area rental value
1,256.00 £/mo
Increased by 2.28 %
from 1,228.00 £/mo
Est letting value
400.00 £/mo
Unchanged by 0.00 %
from 400.00 £/mo
Est rental Yield
4.73 %
Decreased by 10.92 %
from 5.31 %
Crime Rate
30.00 %
Unchanged by 0.00 %
from 30.00 %

Agent Activity

  • Auction House Beds & Bucks created the listing.

Nearby Schools

NameTypeOfstedDistance
Two Mile Ash SchoolAcademy Converter0.36 KM
Ashbrook SchoolAcademy Converter0.38 KM
Holmwood SchoolAcademy Converter0.78 KM
Loughton Manor First SchoolCommunity SchoolOutstanding1.86 KM
Whitehouse Primary SchoolFree SchoolsGood2.00 KM

Images

LOUNGE/BEDROOM KITCHEN SERVICES SHOWER ROOM PRICE INFORMATION DRESSING ROOM

Nearby Streets

NameAverage PriceAverage SqftDistance
H4 Dansteed Way £ 000.00 KM
Kuri Close £ 159,00000.00 KM
Ronaldsay Grove £ 480,00000.00 KM
Brookside £ 000.00 KM
Orkon Avenue £ 427,71400.00 KM

Nearby Transport

NameNLCTLCDistance
Wolverton1364WOL2.75 KM
Milton Keynes Central1378MKC3.31 KM
Bletchley1360BLY8.99 KM

Nearby Listings

AddressPriceTypeScoreDistance
Norbrek, Two Mile Ash, Milton Keynes £ 60,000BUY4 / 100.00 KM
3 Norbrek, Two Mile Ash, Milton Keynes, Buckinghamshire, MK8 8AT £ 75,000BUY5 / 100.04 KM
25 Norbrek, Two Mile Ash, Milton Keynes, Buckinghamshire, MK8 8AT £ 75,000BUY6 / 100.05 KM
Norrington, Two Mile Ash, Milton Keynes, MK8 £ 80,000BUY4 / 100.11 KM
Kercroft, Two Mile Ash, Milton Keynes £ 177,000BUY6 / 100.11 KM

Nearby Properties

AddressPriceDistance
14 Norbrek £ 69,0000.01 KM
2 Norbrek £ 14,0000.01 KM
3 Norbrek £ 74,0000.01 KM
17 Norbrek £ 102,5000.01 KM
9 Norbrek £ 72,0000.01 KM