Summary - THE ACADEMY APARTMENT 8 HOLLY STREET LUTON LU1 3DD
1 bed 1 bath Apartment
**Standout Features:**
- Ground-floor, one-bedroom leasehold apartment
- Open-plan living area with access to a covered balcony
- Toward potential gross rental yield of 10%
- Off-street parking and communal gardens
- 105 years remaining on the lease with low service charges
**Concerns:**
- Requires refurbishment, including some damp issues in the bathroom
- As part of a larger apartment complex, may have varying levels of maintenance and management
Discover your next investment or cozy home in this inviting one-bedroom apartment located in the heart of Luton’s vibrant community. This ground-floor residence is an excellent opportunity for first-time buyers or investors, featuring an efficient open-plan layout that connects a spacious lounge with a French door leading to your own covered balcony, ideal for unwinding after a long day. The bedroom offers generous space, while the kitchen and bathroom, though in need of some updating, provide the essentials for comfortable living.
With a lease of 105 years remaining and a very low crime rate in the area, you can enjoy peace of mind as well as a promising rental income potential—about £12,000 annually, yielding around 10%. Though renovations are needed, the property’s convenient location near transport links, schools, and local amenities makes it a wise choice. Plus, with off-street parking and access to communal gardens, this property harmonizes urban living with outdoor comforts. Don’t miss out on this excellent opportunity—get in touch today to explore the potential!
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