A historic 18th century pub with a massive garden has been put up for sale for a staggering steal at just £1 – but all may not be as it seems.

Located in Newport Pagnell, Buckinghamshire, this three-bedroom converted pub with one bathroom offers 2,350 square feet of living space and has been extensively improved and modernised by the existing owners.

Following the closure of the Malting House pub in 2018, the property was used as a showroom for an interior design business. 

But there is a range of potential uses for a new owner, including a conversion to a stunning residential property.

Set in its own grounds in the affluent village of Stoke Goldington alongside a number of picturesque cottages, the pub has a separate barn to the rear and ample parking.

Located in Newport Pagnell, Buckinghamshire, this three-bedroom converted pub with one bathroom offers 2,350 square feet of living space

The building has been extensively improved and modernised by the existing owners 

The outside area sees lots of green space alongside a decked area at the rear

Constructed from part brick and part stone, the building boasts a number of original features including exposed beams and two fireplaces. 

The downstairs has been well-maintained with fresh carpeting, storage and newly installed bathrooms and kitchen.

But any potential new owners will likely have to carry out some work to the untouched upstairs area – which of three bedrooms, a kitchen and a bathroom.

The outside area sees lots of green space alongside a decked area at the rear, all sitting next to a barn and car park which can fit up to 12 spaces.

And the said barn area could be converted to a range of uses or linked to the main property as part of a large residential conversion.

The property has freehold and leasehold opportunities available, but the annual rent for a new lease for a tenant will be a sobering £40K.

While the pub may be listed for one pound, the brochure for the property reveals the freehold opportunity will set you back £775K.

Any potential new owners will likely have to carry out some work to the untouched upstairs area – which of three bedrooms, a kitchen and a bathroom

Following the closure of the Malting House pub, the property was used as a showroom for an interior design business

The downstairs has been well-maintained with fresh carpeting, storage and newly installed bathrooms and kitchen

Set in its own grounds in the affluent village of Stoke Goldington alongside a number of picturesque cottages, the pub has a separate barn to the rear and ample parking

The barn area could be converted to a range of uses or linked to the main property as part of a large residential conversion.

The property has freehold and leasehold opportunities available, but the annual rent for a new lease for a tenant will be a sobering £40K

While the pub may be listed for one pound, the brochure for the property reveals the freehold opportunity will set you back £775K.

 The listing was placed on Rightmove and is held by Christie & Co who commented on the listing: ‘Stoke Goldington is an affluent area that is well connected to several larger towns. The property would suit a range of business opportunities or conversion to a wonderful family home (STPP).

‘The owner would consider a new lease with a suitable tenant. Some of the terms are open to negotiation (length, rent reviews etc) but the annual rent will be £40,000.

‘In terms of business rates, the property has a rateable value of £16,750 (payable is half of this amount)

‘The former Malting House pub is located in the picturesque village of Stoke Goldington in the borough of Milton Keynes.

‘It is located four miles north west of Newport Pagnell, ten miles north of Milton Keynes and 11 miles southeast of Northampton.’