12 bed block of flats for sale

Watling Street, Fenny Statford, Bletchley MK2

Freehold investment opportunity in Milton Keynes comprising 7 fully let flats, generating £91,800 annual rental income with a 10.20% gross yield. Includes approximately 13 parking spaces and potential for further rental growth.

Freehold investment opportunity | 7 fully let flats | 10.20% gross yield | £91,800 annual rental income

Guide Price: £900,000

The Bridge, 12–14 Watling Street, Fenny Stratford, Bletchley, Milton Keynes, MK2 2BL
Key features


Seven self-contained residential flats, all currently tenanted

Freehold interest in the building and car park included

£91,800 annual rental income (£7,650 pcm)

Attractive 10.20% gross rental yield

Five two-bedroom and two one-bedroom flats

Approximately 13 parking spaces

Potential for further rental growth

Ideal for portfolio expansion or a first multi-unit investment

Previous professional investment valuation of £915,000

Established Fenny Stratford location, Milton Keynes
Property description


An excellent opportunity to acquire a fully let residential investment comprising seven self-contained flats, together with the freehold interest in the building and car park, at a guide price of £900,000.

Situated on Watling Street in Fenny Stratford, Bletchley, The Bridge is an established income-producing property generating £91,800 per annum, representing an attractive 10.20% gross rental yield at the guide price.

The investment is well suited to experienced landlords seeking to expand their existing property portfolios, as well as purchasers looking to establish a multi-unit residential investment with tenants and rental income already in place.

Originally a public house, the building has been converted into seven individual residential flats arranged across the first, ground and lower ground floors.

The accommodation comprises four two-bedroom, two bath and three one-bedroom flats, providing a mixture of residential accommodation and seven separate rental income streams.

The previous professional valuation inspection described the property as generally well presented and in habitable condition, with refurbishment works understood to have taken place in recent years.
Current rental income


All seven flats are currently let, with the following rental schedule:

Flat 1, Bridge House | 2 Bed, 2 Bath - Ground Floor

Monthly Rent: £1,200

Flat 2, Bridge House | 2 Bed, 2 Bath - Ground Floor

Monthly Rent: £1,200

Flat 3, Bridge House | 1 Bed - Lower Ground Floor

Monthly Rent: £950

Flat 4, Bridge House | 1 Bed - Lower Ground Floor

Monthly Rent: £950

Flat 5, Bridge House | 1 Bed - Lower Ground Floor

Monthly Rent: £950

Flat 1,14 Watling Street | 2 Bed, 2 Bath - First Floor

Monthly Rent: £1,200

Flat 2,14 Watling Street | 2 Bed, 2 Bath - First Floor

Monthly Rent: £1,200

Total Monthly Rental Income

£7,650

Total Annual Rental Income

£91,800

The gross rental yield is calculated against the £900,000 guide price, before management fees, insurance, maintenance and other ownership costs.

With seven individual tenancies, the property offers multiple income streams rather than relying on a single occupier.
Freehold ownership & parking


An important feature of this investment is the inclusion of the freehold interest in both the residential building and car park.

For investors, this offers greater flexibility over the property's long-term management, maintenance and investment strategy, subject to existing rights and legal obligations.

The car park provides approximately 13 parking spaces, adding to the property's appeal and practicality for residential tenants.

Parking allocations and any third-party rights are subject to legal verification.
Potential for future growth


Alongside its established rental income, The Bridge offers potential for further growth over time.

Future rent reviews and relettings may provide opportunities to enhance rental returns, subject to prevailing market conditions, tenancy agreements and applicable legislation.

For illustration, a 10% increase in overall rental income would generate £100,980 per annum, equivalent to an 11.22% gross yield at the current guide price.

This is an illustrative scenario rather than a guaranteed projection.
Previous professional valuation


The property was professionally valued for mortgage lending purposes in September 2026, with the following reported figures:

Market Value – Special Assumption of Vacant Possession: £920,000

Investment Market Value – Sale to a Single Investor: £915,000

The current £900,000 guide price is below both previous valuation figures.

These represent historical valuation opinions prepared for lending purposes and are subject to the assumptions and limitations of the original report.

Location – fenny stratford, milton keynes

The Bridge occupies a position on Watling Street in Fenny Stratford, within the Bletchley area of Milton Keynes.

The location benefits from convenient access to local shops, amenities, employment opportunities and public transport.

Fenny Stratford railway station provides connections towards Bletchley and Bedford, while Bletchley and Milton Keynes Central offer further rail services, including routes towards London.

Road connections include access to the A5 and M1 motorway network, making the location convenient for tenants working locally or commuting throughout the surrounding area.
Viewings & further information


The property is offered for sale with existing tenants in situ.

Rental schedules, available floor plans, photographs and supporting documentation can be provided to interested purchasers.

Viewings are strictly by appointment, subject to appropriate notice being provided to tenants

Disclaimer

Important information

These particulars have been prepared with reasonable care and are intended to provide a general description of the property. They do not form part of any offer or contract. Measurements, distances and floor plans are approximate and are provided for guidance only. Unless otherwise stated, services, heating systems and appliances have not been tested by the agent. Items shown in photographs are not necessarily included in the sale; inclusions should be confirmed through the conveyancing process.

Some images may have been enhanced using ai to help potential buyers visualise the property beyond the current furnishings. These images are illustrative and may not reflect the property’s current appearance.

Prospective buyers should arrange appropriate inspections, surveys and legal enquiries before committing to purchase. Please contact the agent if you require clarification of any information