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Caldecotte sits on the south-eastern edge of Milton Keynes, shaped largely by the presence of its namesake lake, which serves as both a flood balancing bowl for the River Ouzel and a major recreational space. The locality is defined by a mix of late 20th-century residential pockets and the primary business park to the north, all connected by the city’s distinctive grid road system. Historically, the area was a small hamlet - its name likely deriving from the Old English for 'cold cottage' - and archaeological digs during the lake’s excavation in the early 1980s famously uncovered the remains of an Ichthyosaur. Today, life here tends to revolve around the water; the perimeter path is a popular three-mile circuit for runners and dog walkers, while the lake itself hosts a local sailing club and a dedicated rowing course. Bow Brickhill railway station is within walking distance for many, providing a direct, if infrequent, link to Bletchley and Bedford on the Marston Vale Line.