19 Wavendon House Drive Wavendon, Milton Keynes, Buckinghamshire, MK17 8AJ

Description

Impressive three-bedroom first-floor apartment set within the prestigious Grade II listed Wavendon House development, surrounded by private formal gardens in the historic village of Wavendon, south-east of Milton Keynes and approximately 1.5 miles from Woburn Sands. The property offers close to 1,000 sq ft of accommodation, is presented in good decorative order, and has 987 years remaining on the lease. It has resident/visitor parking and its own garage.

Accommodation

Communal entrance with grand entrance hall and stairs to first floor. Entrance hall with entry phone, radiator and wood-style floor. Lounge/dining room: 18'4 x 13'8, with two sash windows, radiator and wood flooring. Kitchen: 13'8 x 7'0, with sash window, fitted units, integrated oven, hob, filter hood, space for further appliances, radiator, wood flooring and wall-mounted gas boiler. Bedroom one: 11'10 x 10'10, with sash window, wood flooring, fitted wardrobes and radiator. En-suite: 6'3 x 5'5, with rolltop bath, sink unit, WC, half-tiled walls and extractor fan. Bedroom two: 13'4 x 10'4, with two sash windows, radiator and wood flooring. Bedroom three: 13'4 x 6'2, with sash window, radiator and wood flooring. Shower room: 6'2 x 5'10, with double shower cubicle, sink unit and WC. Formal gardens. Extensive resident and visitor parking. Own single garage in a block, included in the title plan.

Location

Wavendon is a historic village south-east of Milton Keynes, approximately 1.5 miles from Woburn Sands. The apartment is set within the Grade II listed Wavendon House development and its private formal gardens.

Tenure / Property Information

Investment Analysis

The strongest evidence is within the same Wavendon House development: £290,000 and £305,000 completed sales in February and April 2025. Older sales range from £217,000 to £275,000. Given the subject's stated good decorative order, approximately 1,000 sq ft, three bedrooms and own garage, a supported scenario range is £290,000–£305,000, with £297,500 used as the base GDV. Exact comparability, floor position, specification and sale conditions are not supplied.

Investment Snapshot

Strategy Recommendation

Potential value-led resale opportunity at the guide, subject to legal-pack review and confirmation that the apartment's condition and specification support the recent comparable range. BTL should not be underwritten until rent evidence is obtained, particularly given the high stated annual leasehold costs.

Works Required

No specific refurbishment works are identified in the supplied description, which states the apartment is in good decorative order. Allowance is therefore set at £0 for calculation purposes, subject to survey, legal-pack review and any required safety, maintenance or lease-compliance works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £225,000 guide, adding the supplied £2,400 buyer premium and £1,140 admin charge gives a base cost of £228,540, assuming no refurbishment allowance. At the £297,500 base GDV, 75% refinance is £223,125, leaving an indicative £5,415 unrecovered before finance, tax, valuation, refinance and other charges. This is not a confirmed refinance outcome.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Known annual leasehold costs are £4,246.27 service charge, £981.55 insurance contribution and £50 ground rent, totalling £5,277.82 before mortgage, management, maintenance and voids. These costs would materially affect any eventual rental return.

Flip Analysis

Using the £297,500 base GDV and £228,540 base acquisition cost, the indicative pre-selling-cost surplus is £68,960. A formal flip surplus is not calculated because no selling allowance, finance cost, tax treatment or additional auction disbursements are supplied. The result depends on achieving a value comparable with the recent £290,000–£305,000 local sales.

Investor Risks & Due Diligence

• The £4,246.27 service charge, £981.55 insurance contribution and £50 ground rent require verification in the legal pack and may reduce investment returns.

• No sufficiently specific rental evidence is supplied, so rental income and yield cannot be established.

• Additional auction charges may include search fees, sellers' costs, legal fees, transfer fees and other disbursements.

• The Grade II listed setting and leasehold structure require legal-pack review before bidding.

• The £290,000–£305,000 comparable evidence may not be directly equivalent in specification, condition, floor position or sale circumstances.

• EPC rating D may affect future letting or improvement considerations.

Recommendation

Potential value-led resale opportunity at the guide, subject to legal-pack review and confirmation that the apartment's condition and specification support the recent comparable range. BTL should not be underwritten until rent evidence is obtained, particularly given the high stated annual leasehold costs.

Strategy Rating

Analysis Confidence

Recent same-development sold comparables and auction costs are available, but there is no rental evidence, no survey, no detailed comparable specification, no council tax information and no quantified selling, finance or additional legal costs.