Milton Keynes, MK12 5BN | Investment Property for Sale | VES-MK12-003

Opportunity to purchase a freehold apartment in Milton Keynes expected to earn £9,900 rent pa

Guide price






Based on

deposit: £40,000

stamp duty: £5,500

mortgage fees: £1,500

conveyancing fees: £1,000







This listing along with over £30 million of other property has been sold since our launch in 2018.

Looking for property like this one? Either search for similar properties or contact us with your investment criteria.

The property





2 bedrooms

2 bathrooms

1 reception room



This property has now sold via online auction.

General information

  • Being sold by online auction
  • Starting price £160,000
  • For more information and legal documents please go to GOTO Online Auctions
  • Auction ends Wednesday 13th November 2019 at 14:00

GOTO Online Auctions is a new, innovative and pioneering platform for buying and selling property. Open to both cash and mortgage buyers. It provides all the benefits synonymous with traditional auctions, including: speed and certainty of sale, transparency and zero risk of gazumping or double-selling but with the added advantage of being able to bid pressure-free from the comfort of your own home or office via desktop, tablet or mobile phone. GOTO Auctions also offers a Buy-it-Now feature which allows you to place an offer and purchase before the Auction end date.

Property information

  • Top floor flat
  • Currently vacant
  • Expected monthly rental income £825
  • Master bedroom has ensuite
  • Open plan kitchen/living space
  • EPC rating D

Auctioneer's comments This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be required to exchange contracts immediately after the fall of the virtual hammer, however the buyer will be given 56 working days in which to complete the transaction, from the date the Draft Contract is received by the buyer’s solicitor, with the aim being to exchange contracts within the first 28 working days. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Information Pack which can be downloaded for free from our website or requested from our Auction Department. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £4,800 including VAT plus an administration charge of £354 including VAT, a total of £5,154. This secures the transaction and takes the property off the market. The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.


Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Milton Keynes, Buckinghamshire

  • Milton Keynes is a large town in Buckinghamshire, England, about 50 miles (80 km) north-west of London.
  • Built during the UK Government's push in the 1960’s to relieve housing congestion in London, with a target population of 250,000
  • Over £1 billion of private investment has been committed in the last decade, transforming the city's skyline with new architecture, developing the infrastructure needed and creating an unparalleled air of optimism throughout the city.


  • Milton Keynes property prices have increased in recent years, despite housebuilding keeping pace with the city’s growing population, however the average house prices in Milton Keynes are lower than many of its neighbours, despite ongoing economic success.
  • Business relocation is one of the main drivers on the local property market, with house prices increasing by over 8% per annum, making Milton Keynes one of the ten fastest growing places in the country, according to Hometrack. Average rental yields have also increased, now standing between 4.5% to 5%.


  • At the 2011 Census, its population was almost 230,000; the Office for National Statistics estimates that it will reach 300,000 by 2025.
  • One of Britain’s fastest growing cities by population; the population has grown by over 17% between 2005 and 2015 and expanded its job base by 33,000, a growth of almost 25%.

Business / Economy

  • Milton Keynes has one of the more successful economies in the UK, ranked highly on a number of criteria. Between 2010 and 2016, it’s business base grew by an amazing 34%.
  • One of the UK's top five fastest growing centres, it has benefited consistently from above-average economic growth.
  • It has the fifth highest number of business start-ups per capita and it is home to several major national and international companies.
  • Home to more than 150 head office operations, representing diverse industry sectors including consumer finance, retail, banking, industrial products, financial technologies, IT outsourcing, leisure and social care including.
  • HQs include: Volkswagen Group, National House Building Council (NHBC), Domino's Pizza, Aston Martin Red Bull Racing, Makita, Mercedes-Benz, Xero, Rightmove Group, Suzuki GB, Volkswagen Financial Services and Yamaha Music Europe GmbH.


  • Milton Keynes College offers bespoke and innovative training courses and apprenticeships for local businesses, such as Red Bull Racing, NiftyLift and the Foreign and Commonwealth Office.
  • Milton Keynes is working towards having its own new university, MK:U. The university, to be led by Cranfield University, will work closely with local businesses to ensure that students gain both a degree and experience relevant to the needs of the local economy.


  • Milton Keynes is located at the very heart of the UK, and is the centre point between London, Birmingham, Oxford and Cambridge.
  • Road and rail connections are just 35 minutes by train from Central London.
  • Milton Keynes is served by international airports such as London Heathrow, London Luton, London Stansted, Birmingham and East Midlands, all of which can be reached in 90 minutes.

Jersey Road,


Milton Keynes,

Milton Keynes,


MK12 5BN

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All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

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