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Lakes Lane, Newport Pagnell, Buckinghamshire, MK16

South East

£600,000
Listed on 01/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1220 sqft

Description

This extended semi-detached property features three bedrooms and is situated in a desirable area of Newport Pagnell, known for its appealing views across Bury Common. The home presents significant potential for modernization and expansion, subject to necessary planning approvals. It occupies a generous plot with a large rear garden, perfect for landscaping or adding further extensions.

Internally, you are greeted by an entrance hall providing access to spacious living areas. The living room is bathed in natural light thanks to its bay window that overlooks the common. Adjacent to this space is the kitchen/diner, which flows into an inviting lounge area at the back. This area opens into a conservatory that seamlessly connects to the south-west facing garden, making it ideal for family gatherings and outdoor entertaining.

The first floor comprises three well-sized bedrooms; the main bedroom boasts a large bay window with charming views over Bury Common. Bedroom two is another comfortable double featuring built-in storage, while bedroom three serves well as a single room or home office. The family bathroom on this level includes essential fixtures but requires updating.

Externally, beyond the expansive garden lies driveway parking and a garage that offers additional storage solutions or conversion possibilities. With electric heating throughout and the need for modern updates, this property represents an excellent opportunity for buyers keen on creating their dream home while capitalizing on possible expansions (subject to planning). Conveniently located within walking distance of local amenities and transport links to Milton Keynes, this property is well-placed for easy access to everything one would need.

Investment Analysis

(MK16 area)

Above Market Value

This property is priced +29.0% above area average per sq ft

+29.0%
This Property
£492/sq ft
Area Average
£381/sq ft
Avg Rent (weekly)
£316
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£45,000 - £65,000
Target Value
£511,436
10% above area average per sq ft
Potential ROI
-23.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (MK16)

Area prices are rising by +3.2% over the last 12 months
3 year growth: +4.4%
5 year growth: +8.9%
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

Lakes Lane, Newport Pagnell, Buckinghamshire, MK16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,125
Based on a loan of £450,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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