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Rillaton Walk, Milton Keynes, MK9

South East

£400,000
Listed on 03/03/2024

Property Details

Bedrooms
3
Type
Detached house

Description

This property presents a unique opportunity for renovation and investment, nestled in the charming village of Litchborough, Northamptonshire. The area boasts a collection of attractive properties and offers serene rural living while remaining conveniently located just four miles from Towcester. Commuters can easily access Northampton to the northeast (10 miles) and Milton Keynes to the southeast (under 20 miles). Mainline train services nearby also connect residents to London, making the location both appealing and practical. The structure itself showcases classic chapel architecture with distinctive stone walls, gracefully arched windows, and an elegant slate roof. Originally constructed in 1862, it features an attached hall built in approximately 1920, allowing for versatile use while retaining many original elements that contribute to its character. With full planning permission granted for conversion into a three-bedroom residential home, this property stands out as a compelling investment prospect. The plans allow for the creation of a private dwelling complete with parking facilities. Set within a picturesque plot that includes feature walled gardens, there is ample scope for further customization to enhance its appeal or fit specific needs. The property is not listed but is located within a conservation area, ensuring that its architectural integrity remains protected. Offered with vacant possession and no upper chain, this property invites creative visionaries to explore its potential. Early inquiries are encouraged due to the distinctive nature of this opportunity in Litchborough.

Investment Analysis

(MK9 area)
Area Average
£364/sq ft
Avg Rent (weekly)
£290
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
3
Average per month
Market Turnover
2%
Properties sold annually

Local Market Trend (MK9)

Area prices are falling by +9.8% over the last 12 months
3 year growth: 11.6%
5 year growth: 8.2%
Investment Disclaimer: Analysis based on MK9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Rillaton Walk, Milton Keynes, MK9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,465
Based on a loan of £300,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE