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Sherwood Drive, Bletchley, Milton Keynes, Buckinghamshire MK3 - Image 1
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Sherwood Drive, Bletchley, Milton Keynes, Buckinghamshire MK3 - Image 3

Sherwood Drive, Bletchley, Milton Keynes, Buckinghamshire MK3

South East

£500,000
Listed on 20/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a noteworthy opportunity for developers and investors, situated on the site of a former pavilion in Bletchley. Spanning approximately 1.45 acres, the land is positioned within a key regeneration zone known as the Sherwood Drive Quarter, which is highlighted in the Bletchley Urban Design Framework. This area is earmarked for growth, making it a strategic location for future projects. The site benefits from its proximity to Bletchley's mainline railway station, located directly to the east along Sherwood Drive. This accessibility enhances its appeal for both residential and commercial development, especially given its close distance to vital transport links like the West Coast Main Line and the East West Rail corridor. The surrounding infrastructure, including Buckingham Road to the south, further supports connectivity for potential future occupants or businesses. Currently, the property features overgrown vegetation and mature trees that fall under a Tree Preservation Order (TPO Ref: TRE261) established in 2002. Any development plans will need to incorporate these considerations carefully, providing an opportunity for environmentally conscious design and landscaping. A positive Pre-Application consultation with Milton Keynes City Council suggests that development is generally supported, pending further evidence regarding impacts on local heritage and ecology. This feedback indicates that there may be flexibility in planning outcomes, allowing for various potential uses beyond residential schemes. Overall, this land offers significant redevelopment potential in a rapidly evolving area of Bletchley. The owner is open to exploring conditional or unconditional offers for the freehold interest and may consider partnership arrangements or options subject to planning permission (STPP). Interested parties are encouraged to reach out for further details or to schedule a viewing by appointment only.

Investment Analysis

(MK3 area)
Area Average
£348/sq ft
Avg Rent (weekly)
£296
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£500,000 - £1,000,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (MK3)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 0.8%
5 year growth: 14.2%
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
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,832
Based on a loan of £375,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE