Summary -
Flat 6 The Elms,26, John Street,LUTON,LU1 2EE
LU1 2EE
1 bed 1 bath Ground Flat
Chain-free investment with direct garden access and solid commuter links.
Tenant in situ paying £1,050 PCM, immediate rental income
This ground-floor one-bedroom apartment in The Elms presents a straightforward buy-to-let opportunity with income from day one. A tenant occupies the flat, paying £1,050 PCM, and the property is offered chain free — useful for investors wanting an immediate return and limited purchase delay.
The apartment is well maintained and deceptively spacious for its 480 sq ft layout. A bright reception room opens via patio doors onto well-kept communal gardens, providing pleasant outdoor space unusual for a town-centre flat. The double bedroom and contemporary bathroom are practical and suitable for long-term rental demand, particularly from students and city workers.
Practical costs and location factors are clear: the lease has 116 years remaining, annual service charges average £2,350 and ground rent is £250 per year. Luton town centre location gives excellent transport links to Luton station and London, many local amenities, fast broadband and strong mobile signal — all positive for tenant demand. The wider area is classified as a multicultural, student-oriented neighbourhood and the immediate area has high deprivation statistics; this can support consistent rental demand but may influence long-term capital growth.
Overall, this is a low-management, city-centre investment with immediate rental income and sensible lease length. Buyers should factor in the relatively high service charge when calculating net yield and are advised to verify current tenancy terms and service-charge history before committing.
1 bedroom flat for sale in John Street, Luton, LU1 — £150,000 • 1 bed • 1 bath • 517 ft²
1 bedroom flat for sale in The Elms, LU1 — £150,000 • 1 bed • 1 bath • 624 ft²
1 bedroom ground floor flat for sale in Flat 7, The Elms, 26 John Street, Luton, Bedfordshire, LU1 — £159,999 • 1 bed • 1 bath • 527 ft²
2 bedroom apartment for sale in Mill Street, Luton, LU1 — £180,000 • 2 bed • 2 bath • 427 ft²
1 bedroom apartment for sale in Elizabeth Court, Chapel Street, Luton, Bedfordshire, LU1 5SA, LU1 — £125,000 • 1 bed • 1 bath • 421 ft²
1 bedroom apartment for sale in Flowers Way, Luton, Bedfordshire, LU1 — £165,000 • 1 bed • 1 bath • 435 ft²
