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Newport Road, Milton Keynes MK10 - Image 1
Newport Road, Milton Keynes MK10 - Image 2
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Newport Road, Milton Keynes MK10 - Image 4

Newport Road, Milton Keynes MK10

South East

£220,000
Listed on 01/05/2025

Property Details

Bedrooms
2
Type
Detached house
Area
731 sqft

Description

This two-bedroom coach house presents a noteworthy opportunity for those seeking a renovation project in Broughton, Milton Keynes. While the property requires modernisation throughout, it offers a solid foundation for first-time buyers or investors looking to enhance its value. Inside, you’ll find an entrance hall leading to a spacious lounge and a functional kitchen, alongside two generously sized double bedrooms and a family bathroom. These areas provide ample potential to reconfigure and upgrade according to personal taste or rental appeal. Additionally, the property comes with designated parking, adding convenience for occupants. Situated in the sought-after Broughton area, the location boasts excellent connectivity to Central Milton Keynes as well as easy access to the M1 motorway and A421 Bedford Bypass. Families will appreciate the proximity to well-regarded schools that cater to all age groups and recreational amenities such as Brooklands Sports Pavilion and Broughton Linear Park. The Kingston Centre is also nearby, offering a large supermarket, diverse shopping options, and various dining establishments. For prospective buyers considering this property as an investment, it includes practical financial details like an annual service charge of £923.87 that covers ground rent. The lease has 107 years remaining, making this an attractive long-term option. With council tax banding set at B, this property not only holds promise for personal use but also has significant potential in the rental market. Please note that while we have outlined key features of the home, prospective buyers should conduct their own thorough investigations into the property's condition and measurements.

Investment Analysis

(MK10 area)

Below Market Value

This property is priced -15.9% below area average per sq ft

-15.9%
Potential saving
This Property
£301/sq ft
Area Average
£358/sq ft
Avg Rent (weekly)
£363
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£287,908
10% above area average per sq ft
Potential ROI
+17.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (MK10)

Area prices are rising by +7.8% over the last 12 months
3 year growth: 12.7%
5 year growth: 12.7%
Investment Disclaimer: Analysis based on MK10 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

Newport Road, Milton Keynes MK10
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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
£806
Based on a loan of £165,000 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