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Church Walk, Bletchley, Milton Keynes, MK3

South East

£600,000

Listed on 22/05/2026

Property Details

Bedrooms
4
Type
Cottage
Area
3695 sqft

Description

Yew Tree Cottage, a distinctive Grade II listed thatched home, offers a unique opportunity for renovation and investment. With origins dating back roughly 400 years, this detached residence sits on a spacious three-quarters of an acre plot, providing abundant space to explore various development options. The property has recently undergone a complete re-thatching, ensuring lasting integrity and visual appeal. Accessed via a gated entrance, the extensive gravel driveway accommodates ample parking and leads to an impressive detached outbuilding equipped with three garages and generous workshop space. Previously serving as an engineering workspace, this outbuilding is fitted with three-phase electricity and presents outstanding potential for business operations or conversion into additional living space, subject to requisite planning permissions. Inside, the cottage boasts over 2,100 sq. ft. of character-filled accommodation across two levels. Original features such as exposed beams and inglenook fireplaces complement practical room sizes. Recent enhancements include leaded light double glazed windows in certain areas for improved energy efficiency. The ground floor features a welcoming entrance hall with a vaulted ceiling, a spacious sitting room with garden views around the charming inglenook fireplace, and an inviting dining area also equipped with its own inglenook fireplace. The first floor comprises four generously sized double bedrooms and a family bathroom fitted with a five-piece suite. The versatile layout allows for potential adaptations; for instance, the study could easily serve as an additional bedroom if needed. Outdoors, the south-facing gardens are richly landscaped with mature trees and established shrubs providing serene outdoor space ideal for leisure or further development opportunities like constructing a bungalow (subject to necessary consents). Yew Tree Cottage harmoniously combines historical charm with modern convenience while being conveniently located near Bletchley’s amenities and transport links.

Investment Analysis

(MK3 area)

Below Market Value

This property is priced -53.7% below area average per sq ft

-53.7%
Potential saving
This Property
£162/sq ft
Area Average
£351/sq ft
Avg Rent (weekly)
£306
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£1,426,233
10% above area average per sq ft
Potential ROI
+106.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (MK3)

Area prices are rising by +3.2% over the last 12 months
3 year growth: +0.1%
5 year growth: +10.7%
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

Church Walk, Bletchley, Milton Keynes, MK3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,141
Based on a loan of £450,000 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.

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