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Lancaster Gate, Bletchley, Milton Keynes, MK3 - Image 1
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Lancaster Gate, Bletchley, Milton Keynes, MK3

South East

£300,000
Listed on 23/09/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1005 sqft

Description

This three-bedroom property presents an excellent opportunity for renovation and investment, situated on the sought-after Lancaster Gate in Bletchley. Its prime location offers convenient access to the town center and the mainline train station, making it ideal for commuters. Additionally, the nearby amenities—including schools, shops, and parks—enhance its appeal for families looking to settle in a well-connected area. Entering the home, you are greeted by an entrance hall that leads to a spacious L-shaped lounge/diner. This adaptable living space is filled with natural light and provides access to a lean-to extension at the back along with the kitchen. The adjoining kitchen features a utility room that includes a downstairs W.C., adding practicality to this layout. Upstairs, you will find three generously sized bedrooms along with a family bathroom, all of which present potential for modern updates or reconfiguration according to personal taste. The exterior of the property boasts driveway parking at the front and a large rear garden. The substantial size of this outdoor space not only offers room for gardening but also opens up possibilities for extension or additional landscaping, subject to obtaining necessary planning permissions. With its blend of solid foundations and ample outdoor space for expansion, this property stands out as an attractive project for those looking to invest in a home with significant renovation potential.

Investment Analysis

(MK3 area)

Below Market Value

This property is priced -14.2% below area average per sq ft

-14.2%
Potential saving
This Property
£299/sq ft
Area Average
£348/sq ft
Avg Rent (weekly)
£296
Avg Yield
4.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£384,493
10% above area average per sq ft
Potential ROI
+18.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (MK3)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 0.8%
5 year growth: 14.2%
Investment Disclaimer: Analysis based on MK3 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

Lancaster Gate, Bletchley, Milton Keynes, MK3
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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
£1,099
Based on a loan of £225,000 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