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Building Plot At, Water Lane, Sherington

South East

£350,000
Listed on 19/03/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

This development site presents a compelling opportunity for investors and builders, featuring full planning permission for the construction of two substantial detached homes. Set on a generous 0.25-acre plot in a desirable village, the site is currently home to a period farmhouse, which will require either demolition or comprehensive renovation. The approved plans allow for two spacious 5-bedroom houses, each offering around 2,500 sq. ft., with features such as an entrance hall, lounge, kitchen diner, utility room, multiple bedrooms including en-suites, and potential studio space above the carport. The property is strategically located along a serene country lane with natural screening from mature trees, enhancing privacy and appeal. This plot not only offers immediate investment potential with existing planning consent but also allows for bespoke development in an attractive location.

Investment Analysis

(MK16 area)
Area Average
£378/sq ft
Avg Rent (weekly)
£300
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (MK16)

Area prices are rising by +5.5% over the last 12 months
3 year growth: +5.1%
5 year growth: +14.8%
Investment Disclaimer: Analysis based on MK16 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

Building Plot At, Water Lane, Sherington
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,262
Based on a loan of £262,500 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.

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