Summary - ELIZABETH COURT FLAT 17 CHAPEL STREET LUTON LU1 5SA
1 bed 1 bath Apartment
Chain-free, centrally located one-bed with strong rental yield and low outgoings..
Chain free one-bedroom leasehold, 421 sq ft
A chain-free, one-bedroom leasehold flat in Elizabeth Court, positioned in central Luton close to the train station and university. The 421 sq ft apartment is currently let at £900pcm, giving an estimated gross yield of about 8.6% at the asking price of £125,000 — attractive for buy-to-let investors seeking immediate income.
The apartment is well presented with a bright reception room, separate fitted kitchen, double bedroom and modern bathroom. Residents benefit from off-street parking, secure entry, double glazing and electric heating. Annual outgoings are low: service charge £800 and ground rent £40; council tax is described as very cheap.
Important considerations: the remaining lease is 79 years. This could restrict mortgage options — some lenders may decline lending or require higher deposits. The property sits in a very deprived area, which can affect long-term capital growth and tenant profiles. The flat is small and best suited as an investment or a compact city base.
Overall, this is a straightforward rental opportunity that delivers immediate income with low running costs. Investors should check lender criteria for lease length and factor local area dynamics into long-term plans.
1 bedroom flat for sale in 17-19 Park St West, Town Centre, Luton, Bedfordshire, LU1 3BE, LU1 — £140,000 • 1 bed • 1 bath • 388 ft²
1 bedroom apartment for sale in Dudley Street, Luton, Bedfordshire, LU2 — £145,000 • 1 bed • 1 bath • 528 ft²
1 bedroom apartment for sale in Cardiff Road, Luton, Bedfordshire, LU1 — £140,000 • 1 bed • 1 bath • 474 ft²
1 bedroom flat for sale in Kensington Court, 16-36 South Road, Luton, Bedfordshire, LU1 3GE, LU1 — £180,000 • 1 bed • 1 bath • 506 ft²
2 bedroom flat for sale in GF Essex Close, LU1 — £170,000 • 2 bed • 1 bath • 764 ft²
Studio flat for sale in Stanley Street, Luton, LU1 — £100,000 • 1 bed • 1 bath • 356 ft²
