Sold STC Bungalow

11 ARROW PLACE

MILTON KEYNES, BLETCHLEY, MILTON KEYNES MK2 3PE

2 beds 1 baths 721 sq ft Listed 13 Mar 2023 (-1184d)

£200,000

Save

PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY

/ 14

Property details

Tenure

FREEHOLD

Floor area

67 m²

Council tax band

TBC

EPC rating

D

Year built

England and Wales: 1967-1975

Last sold

£191,000 May 2023

Price per m²

£2,985/m²

Local average

£336,125 (-40.5%)

Deprivation

Decile 1 (3,295 of 33,755)

Street crime

91 incidents within 1 mile (Apr 2026)

Additional details

Garden
Yes

Description

*Viewing highly recommended. *

What would be a top investment and a great residential buy, this property is located in the ever so popular Lakes Estate in Bletchley.

This two-bedroom mid-terrace bungalow benefits from a gas to radiator central heating and double glazed windows throughout. The accommodation briefly comprises: entrance hall, lounge, kitchen/diner, two double bedrooms, re-fitted bathroom and front and rear gardens.

Listed by

Bletchley

Countrywide UK Sales - Connells

Reference: 132506117

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: B

Inspection date: 20/06/2022

Current heating cost: £590/year

Potential heating cost: £385/year

Est. upgrade cost to C: £15,675

Recommendations

  • Flat roof or sloping ceiling insulation (£850 - £1,500)
  • Floor insulation (solid floor) (£4,000 - £6,000)
  • Solar water heating (£4,000 - £6,000)
  • Solar photovoltaic panels, 2.5 kWp (£3,500 - £5,500)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

FLOOR-PLAN

FLOOR-PLAN

EPC Graphs

EPC Rating Graph

EPC Rating Graph

EPC Rating Graph

EPC Rating Graph

FENSA Certificates

This property has 2 FENSA certificate(s) on record, indicating window/door installations by FENSA-approved installers.

FENSA Certificate #1888556

Property Details

Street: 11 Arrow Place

Town: Bletchley

Postcode: MK2 3PE

Installation Details

Items: 1 door

Certificate Issued: 20/07/2004

Work Completed: 15/06/2004

This certificate data was retrieved from FENSA's database

FENSA Certificate #4486331

Property Details

Street: 11 Arrow Place

Town: Bletchley

Postcode: MK2 3PE

Installation Details

Items: 6 windows and 2 doors

Certificate Issued: 20/02/2007

Work Completed: 31/01/2007

This certificate data was retrieved from FENSA's database

What is FENSA? FENSA (Fenestration Self-Assessment Scheme) is a government-authorised scheme that monitors building regulation compliance for replacement windows and doors. Certificates indicate that work was completed by FENSA-approved installers.

Price history

405% since 2003

Event Date Price % change
Sold 30/05/2023 (3 years ago) £191,000 +95.9%
Sold 14/11/2006 (19 years ago) £97,500 +157.9%
Sold 12/05/2003 (23 years ago) £37,800

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
41 LANGDALE CLOSE, BLETCHLEY, MILTON KEYNES, MK2 3QA £185,000 18/08/2023 Detached
Same street 32 ARROW PLACE, BLETCHLEY, MILTON KEYNES, MK2 3PE £187,000 16/03/2023 Terraced
Same street 30 ARROW PLACE, BLETCHLEY, MILTON KEYNES, MK2 3PE £195,000 22/10/2021 Terraced

Street average: £191,000 (2 sales)

Area average: £185,000 (1 sale)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 15.3%
10y growth 13.5%

House Price Index (HM Land Registry — official index, not sold-price averages): Milton Keynes. Series: Detached. As of March 2026.

1y (index) -0.6%
5y (index) 17.6%
10y (index) 30.4%

Rental Range

Estimated market rent for Milton Keynes. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,199/mo
Realistic £1,332/mo
Optimistic £1,465/mo

Based on Local Authority from postcode lookup → Milton Keynes.

LHA (30th percentile) floor for Milton Keynes: £922/mo (Apr 2025 – Mar 2026)

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Arrow Place 0.1 miles
Bus stop Santen Grove 0.2 miles
Shop Asda 0.5 miles
Shop Co-op Food 0.8 miles
Train station Bletchley 1.4 miles
Train station Fenny Stratford 1.6 miles
Hospital Unknown 1.8 miles
Hospital Parkside Medical Centre 1.8 miles
University The Open University 3.3 miles

Street-level crime

Category Count
Violence and sexual offences 46
Criminal damage and arson 12
Other theft 9
Anti-social behaviour 7
Drugs 5
Public order 5
Other crime 3
Burglary 1
Possession of weapons 1
Shoplifting 1
Vehicle crime 1
Total incidents 91

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Sir Herbert Leon Academy Secondary 0.3 miles (Inspected (no overall grade))
Water Hall Primary School Primary 0.3 miles Requires improvement — 26 Jun 2023
Drayton Park School Primary 0.4 miles Outstanding — 6 Sep 2017
Newton Leys Primary School Primary 0.6 miles Good — 11 Jul 2019
KWS Milton Keynes Other 0.7 miles Good — 21 Sep 2022

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed Terraced House, Windermere Drive, MK2 £1,090/mo 2 0.22 miles OpenRent
2 Bed Terraced House, Windermere Drive, MK2 £1,090/mo 2 0.22 miles OpenRent
2 Bed Terraced House, Diddington Close, MK2 £1,250/mo 2 0.38 miles OpenRent
2 Bed Flat, Newton Leys, MK3 £1,200/mo 2 0.63 miles OpenRent
2 Bed Semi-Detached House, Osborne St, MK2 £1,350/mo 2 1.14 miles OpenRent

Average rent: £1,196/mo (5 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.6%
Max investor price (0.8%) £150,000
Target investor price (1%) £120,000
Gross yield 7.2%
Cost-to-rent ratio 13.9×
Monthly cashflow £267/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 5.5%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).