Worst House on the Street Logo
Sherwood Drive, Bletchley, Milton Keynes, Buckinghamshire MK3 - Image 1
Sherwood Drive, Bletchley, Milton Keynes, Buckinghamshire MK3 - Image 2
Sherwood Drive, Bletchley, Milton Keynes, Buckinghamshire MK3 - Image 3

Sherwood Drive, Bletchley, Milton Keynes, Buckinghamshire MK3

South East

£500,000
Listed on 27/04/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This is an intriguing opportunity to acquire a substantial tract of land, approximately 1.45 acres in size, situated on the site of a former pavilion in Bletchley. The property holds significant potential for both residential and commercial development, contingent upon obtaining the necessary planning permissions. Strategically located to the west of Bletchley’s mainline railway station, it resides within a designated regeneration area known as the Sherwood Drive Quarter. The site's prominent position along Sherwood Drive ensures excellent accessibility to transport links, including the West Coast Main Line and the East West Rail corridor, making it ideal for future residential schemes or alternative uses subject to planning consent. Currently overgrown and featuring mature trees protected by a Tree Preservation Order (TPO), any redevelopment will require careful planning and consideration of these natural features. A positive Pre-Application response from Milton Keynes City Council indicates general support for development, although further justification regarding heritage impacts and tree preservation will be necessary. For developers or investors looking to tap into a regenerating area with significant growth potential, this site represents an exceptional chance to craft a unique development that aligns with local urban design frameworks. The owner is open to various offer structures including conditional/unconditional bids for the freehold, options subject to planning permission (STPP), or joint ventures. Viewings are limited and by appointment only.

Investment Analysis

(MK3 area)
Area Average
£348/sq ft
Avg Rent (weekly)
£308
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £600,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (MK3)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 0.0%
5 year growth: +10.6%
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

Sherwood Drive, Bletchley, Milton Keynes, Buckinghamshire MK3
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,771
Based on a loan of £375,000 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

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

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