38 Sheep Way Redhouse Park, Milton Keynes, Buckinghamshire, MK14 5FP

MK14 5FP · Auction House South East · South East

£137,000guide price
10.9%gross yield
Residential10.9% gross yield
38 Sheep Way Redhouse Park, Milton Keynes, Buckinghamshire, MK14 5FP
Photo: Auction House South East catalogue

Pre-bid risk check

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Two signals already stand out. The £19 pack checks them against official sources, then adds planning, licensing, flood, sold-price context and our own repeat-lot history. It is not a legal opinion.

EPC B

No listing-level EPC red flag, subject to official certificate expiry and address match.

medium confidence, Auction listing enrichment

Planning and licence check still needed

Article 4, conservation, HMO licensing, and flood checks need official-source lookup against the address.

not verified confidence, Full pre-bid pack

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About this lot

Apartment

** SPACIOUS MODERN TWO BED FLAT IN REDHOUSE PARK ** GOOD DECORATIVE ORDER ** OFFERS CLOSE TO 11 % GROSS YIELD AT GUIDE ** 871 SQFT OF SPACE AND LONG LEASE ** This spacious and modern first-floor flat offers over 870 sq ft of well-proportioned accommodation and is presented in good decorative order throughout, making it an ideal investment opportunity. The property offers an estimated rental income of approximately £1,250 per calendar month and a gross rental yield of close to 11% based on the guide price. Features include a Juliet balcony, gas central heating, double glazing allocated parking and an unexpired lease term of 107 years. Situated in the sought-after Redhouse Park area, the property is conveniently located just a few miles from Milton Keynes Central and its wide range of shopping, leisure and transport amenities. INSIDE COMMUNAL ENTRANCE With intercom and stairs to all floors ENTRANCE HALL Intercom receiver, laminate floor, cupboard housing gas boiler, radiator, door to LOUNGE 19'0 X 14'0 Double glazed windows, double glazed door to juliet balcony, radiator. KITCHEN 17'6 X 6'5 Double glazed window, a range of high gloss units, with stainless steel sink, integrated oven, hob, filter hood and washing machine. Radiator. BEDROOM ONE 14'0 X 9'0 Double glazed window, radiator BEDROOM TWO 14'0 X 9'0 Double glazed window, radiator BATHROOM 7'0 X 6'5 Double glazed window, ba…

From the Auction House South East listing. Read the full listing and legal pack →

Key facts

ResidentialUse class
LeaseholdTenure
BEPC
871 sq ftFloor area
£15K/yrPassing income

Recent sold prices nearby

3 registered sales in this postcode sector over the last two years, straight from HM Land Registry. What nearby properties actually sold for — not what they were guided at.

13 CH**** LE**MK14 5EB£250,000
10 HA*****MK14 5BE£235,000
15 HA*****MK14 5BE£307,000

Contains HM Land Registry data © Crown copyright and database right 2026, licensed under the Open Government Licence v3.0. Sales typically register 6–12 weeks after completion, so very recent transactions may not yet appear.

Renovation upside in MK14

Evidence from 42 properties in this postcode district that sold twice with material uplift — the signature of value-add work between sales.

+88.8%median uplift
£63,000typical value added
5.1 yearstypical hold period

See 42 example projects — real before/after sale pairs with postcodes, prices and dates. Plus the planning applications that likely explain each uplift.

Derived from 42 registered sale pairs in MK14 where the property gained ≥15% between two arms-length sales (HM Land Registry Price Paid data, OGL v3.0). The planning applications visible above may explain individual uplifts. Past performance is not a guarantee of future returns.

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