| MODEL | VELOCETTE MT 500 1938 |
| Year | 1938 |
| Engine Type | Four-stroke, single-cylinder, OHC |
| Displacement / Capacity | 494.7 cc / 30.2 cu in |
| Bore X Stroke | 81 x 96 mm |
| Compression Ratio | 10.9:1 |
| Cooling System | Air cooled |
| Max Power | — |
| Max Torque | — |
| Ignition | Coil |
| Induction | Amal RN carburettor |
| Start System | Kick start |
| TRANSMISSION SPECS | |
| Lubrication | Dry sump |
| Gear Box | 4 Speed, foot operated |
| Clutch | Wet multi-plate |
| Final Drive | Chain |
| CHASSIS SPECS | |
| Frame | Single cradle |
| Front Suspension | Webb fork with two friction dampers |
| Rear Suspension | Swingarm with 2 shock absorbers |
| Front Brakes | 7 in., drum |
| Rear Brakes | 7 in., drum |
| DIMENSION SPECS | |
| Overall Length | — |
| Overall Width | — |
| Overall Height | — |
| Seat Height | — |
| Wheelbase | — |
| Ground Clearance | — |
| Dry Weight | — |
| Wet Weight | — |
| WHEEL SPECS | |
| Front Tyre | — |
| Rear Tyre | — |
| FUEL SYSTEM | |
| Fuel Capacity | — |
| Fuel Consumption | — |
| Top Speed | — |
The MT 500 was a works special: just two were built in late 1938 for riders Stanley Woods and Ted Mellors, and none were sold. It resembled the Mk VIII KTT but had swingarm rear suspension and a frame modified to sit the engine higher. The engine shared the 81 x 96 mm dimensions of the 500 cc MSS.
