2 bed flat for sale

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

For sale by auction on Wednesday, 23 Sep 2026 at 11:00

Venue: Livestream

** 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, bath, sink, wc, tiled to splash areas, heated towel rail.

Outside
Resident car park


With gated entry and one allocated parking space

lease details
125 Year lease term with 107 years unexpired.

Service charges and ground rent. The client informs us the annual service & estates charges are £2596 pa with a ground rent of £359.pa

This is intended as a guide, please refer to the legal pack for further clarification.

EPC Rating: B

Viewings
05 Sep 2026 14:30-15:00

Additional Fees
Buyers Premium: The purchaser will be required to pay a buyers premium charge of £2000 (£2400 plus vat)

Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.