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St. Martins Street, Bletchley, Milton Keynes

South East

£400,000
Listed on 16/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1017 sqft

Description

This three-bedroom semi-detached property offers considerable renovation and investment potential, situated in the heart of Bletchley. The home features a classic bay front, enhancing its curb appeal. It is conveniently located within walking distance to the town center, a variety of schools, and Bletchley train station, which provides direct mainline services to London Euston in around 45 minutes. Access to major roadways, such as the Leighton Buzzard Bypass and the A5, further enhances its accessibility. Internally, the layout includes an entrance hall leading into a spacious lounge with a bay window that fills the room with natural light. The adjacent dining area flows seamlessly into a practical kitchen equipped with built-in appliances and ample storage. To the rear, a lobby provides access to a family bathroom and leads outside. The property also offers three well-sized bedrooms on the first floor. Externally, you will find well-maintained gardens along with a detached single garage and generous driveway space capable of accommodating up to four vehicles. One of the standout features of this property is its substantial rear garden, which currently holds untapped potential for expansion or development. Previous planning permission was granted for a detached three-bedroom chalet bungalow that included an open-plan living area on the ground floor and ensuite facilities for the principal bedroom. Although this previous planning has since lapsed, there is potential for reapplying or exploring other development options—similar properties in the area have been successfully converted into apartments under similar circumstances (subject to planning permission). This presents an interesting opportunity for developers or investors looking to capitalize on market trends in Bletchley. Overall, while this property requires some modernizing touches internally and externally, its strategic location and development possibilities offer significant upside for those willing to invest time and resources into revitalizing it. Viewing is encouraged for anyone interested in leveraging this unique opportunity.

Investment Analysis

(MK2 area)

Above Market Value

This property is priced +30.6% above area average per sq ft

+30.6%
This Property
£393/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£302
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£336,952
10% above area average per sq ft
Potential ROI
-25.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (MK2)

Area prices are rising by +17.6% over the last 12 months
3 year growth: 4.2%
5 year growth: 26.2%
Investment Disclaimer: Analysis based on MK2 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

St. Martins Street, Bletchley, Milton Keynes
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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