59 & 61 Union Street, Newport Pagnell, Milton Keynes, MK16 8ET - Image 1

59 & 61 Union Street, Newport Pagnell, Milton Keynes, MK16 8ET - Image 2

59 & 61 Union Street, Newport Pagnell, Milton Keynes, MK16 8ET - Image 3

59 & 61 Union Street, Newport Pagnell, Milton Keynes, MK16 8ET - Image 4

59 & 61 Union Street, Newport Pagnell, Milton Keynes, MK16 8ET

South East

£400,000

Listed on 19/05/2026

Property Details

Bedrooms

Type

Office

Area

1688 sqft

Description

This freehold retail property presents a unique investment opportunity in a bustling town centre, characterized by its high street visibility. The property includes a ground floor commercial unit currently occupied under a full repairing and insuring lease, providing immediate income. Additionally, there is significant potential for redevelopment, subject to planning permission, allowing for the exploration of various residential or mixed-use configurations to maximize value.

Investment Analysis

(MK16 area)

Below Market Value

This property is priced -38.4% below area average per sq ft

-38.4%

Potential saving

This Property

£237/sq ft

Area Average

£385/sq ft

Avg Rent (weekly)

£312

Avg Yield

4.2%

Renovation Potential

Medium Refurb

Est. Renovation Cost

£75,000 - £120,000

Target Value

£713,940

10% above area average per sq ft

Potential ROI

+37.3%

After renovation

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

Properties sold annually

Local Market Trend (MK16)

Area prices are falling by -3.3% over the last 12 months

3 year growth: +3.1%

5 year growth: +3.3%

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

59 & 61 Union Street, Newport Pagnell, Milton Keynes, MK16 8ET

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments

£1,427

Based on a loan of £300,000 over 30 years at 3.97% 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

This calculation uses non-residential (land/commercial) tax rates.

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Similar Properties

59 & 61 Union Street, Newport Pagnell, Milton Keynes, MK16 8ET

Property Details

Description

Investment Analysis

Below Market Value

Renovation Potential

Local Market Trend (MK16)

Location

Mortgage Calculator

Stamp Duty Calculator

Next Steps

Get help with this property

Planning a Renovation? Get Free Expert Help

Next Steps

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