Worst House on the Street Logo
West Street, Olney, MK46 - Image 1
West Street, Olney, MK46 - Image 2
West Street, Olney, MK46 - Image 3
West Street, Olney, MK46 - Image 4
West Street, Olney, MK46 - Image 5
West Street, Olney, MK46 - Image 6
West Street, Olney, MK46 - Image 7
West Street, Olney, MK46 - Image 8
West Street, Olney, MK46 - Image 9
West Street, Olney, MK46 - Image 10
West Street, Olney, MK46 - Image 11

West Street, Olney, MK46

South East

£800,000
Listed on 15/02/2026

Property Details

Bedrooms
2
Type
Detached house
Area
2303 sqft

Description

Cinema Lodge is a historic two-bedroom detached cottage tucked away in a tranquil setting, just a short walk from the vibrant town center of Olney. This property, constructed approximately 200 years ago, retains many charming period features and is nestled within a spacious garden that adds to its appeal. With its rich history tied to the former Olney Picture House, this residence offers potential for renovation and expansion, subject to obtaining the necessary planning permissions.<br><br>Inside, the ground floor presents an entrance hall leading into multiple living areas including a cozy lounge with a wood-burning stove, a sitting room overlooking the garden, and a dining room also featuring another wood burner. The fitted kitchen provides ample cabinetry and countertop space, while a convenient wet room adds functional value. The first floor accommodates two double bedrooms with built-in storage solutions and a bathroom equipped with both bath and shower facilities.<br><br>Additionally, the third-floor attic has been converted for storage but could be further developed for additional use. Outdoors, the generous plot showcases extensive lawn areas complemented by established shrubs and trees, several patio spaces, raised garden beds, and even a pond. A bespoke potting shed crafted by local artisans enhances the outdoor experience. The property also includes parking space for multiple vehicles via a block-paved driveway leading to a double garage featuring an upper-level room that could serve as an office or studio.<br><br>Set against Olney's picturesque backdrop with easy access to its historic High Street filled with independent shops and eateries as well as local markets, this property combines historical charm with modern living convenience. It's ideal for families given its proximity to reputable schools and recreational facilities while also being accessible for commuters to Milton Keynes, Bedford, and Northampton.

Investment Analysis

(MK46 area)

Below Market Value

This property is priced -15.1% below area average per sq ft

-15.1%
Potential saving
This Property
£347/sq ft
Area Average
£409/sq ft
Avg Rent (weekly)
£321
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£1,036,500
10% above area average per sq ft
Potential ROI
+20.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
67%
Properties sold annually

Local Market Trend (MK46)

Area prices are stable by -0.8% over the last 12 months
3 year growth: -11.5%
5 year growth: +4.4%
Investment Disclaimer: Analysis based on MK46 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

West Street, Olney, MK46
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,885
Based on a loan of £600,000 over 30 years at 4.06% 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates