Ideal buy-to-let with long lease and immediate rental income near station.
Currently let at £950 pcm until September 2026
A practical one-bedroom apartment set on the second floor of a modern mixed-use development, offering immediate rental income and low upkeep. The flat is currently let at £950 pcm until September 2026, making it straightforward for investors seeking a let property or first-time buyers wanting starter income. The open-plan living area and refitted kitchen provide contemporary, low-maintenance living in the town centre.
The property benefits from a long lease (approx. 125 years remaining), modest annual service charge (£900) and small ground rent (£100), plus gas central heating, double glazing and an EPC C rating. It sits about 0.5 miles from Luton station and close to local shops and amenities, giving strong transport links and convenience for commuters.
Buyers should note the wider area has higher crime rates and is classified as relatively deprived, with a high proportion of rental properties and students. The flat is sold leasehold and will remain tenanted until September 2026, so vacant possession is not immediate. Council tax is low (Band A), which helps running costs.
This is a clear, practical opportunity for an investor seeking immediate yield or a buyer wanting a low-maintenance city-centre base. The apartment is average sized (approx. 590 sq ft) and presents as a turn-key rental or a straightforward home with minimal immediate work required.
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