The Hive, Luton City Centre
LE

The Hive, Luton City Centre

By Legacie Developments

£ 350,000

Reviews

3 out of 5 stars

Legacie Developments says ..

Invest in this 2-bedroom apartment offering 5% projected rental yields, robust capital growth projections and a prime London commuter location.

Property Oracle says ..

The property is a 2-bedroom, 2-bathroom apartment located in Luton City Centre, close to Luton train station and several schools. The apartment is part of a new development, appearing modern and well-maintained based on the provided images. While the plot size is 0.00 sqft, indicating no private garden, the building’s amenities and central location may compensate. The list price of £350,000 is higher than the average price of £269,233 for the area, but the average size of properties in the area is smaller (829 sqft compared to this property’s 950 sqft). The average price per sqft in the area is £324, while this property’s price per sqft is approximately £368. Considering the modern condition, central location, and proximity to transport links, the price may be justified, although it is at the higher end of the market. However, more information on comparable properties within the development would be needed for a more conclusive price analysis. The lack of a private garden is a factor to consider when assessing value. Nearby properties show a range of prices, suggesting a varied market in the area. The proximity to Luton train station and several schools is a positive aspect of the location. However, further investigation into the quality of local schools and the specific amenities of the development would provide a more comprehensive assessment.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
9
Location
8
Land
1
Bedrooms
2
Bathrooms
2
Sqft (est)
950.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
279,877.00 £
Decreased by 1.23 %
from 283,358.00 £
Est sale value
348,650.00 £
Increased by 21.12 %
from 287,850.00 £
Average area rental value
1,053.00 £/mo
Decreased by 7.39 %
from 1,137.00 £/mo
Est letting value
950.00 £/mo
Unchanged by 0.00 %
from 950.00 £/mo
Est rental Yield
4.51 %
Decreased by 6.43 %
from 4.82 %
Crime Rate
29.00 %
Unchanged by 0.00 %
from 29.00 %

Agent Activity

  • Legacie Developments created the listing.

Nearby Schools

NameTypeOfstedDistance
University Of BedfordshireHigher Education Institutions0.48 KM
Flying Start South @ The MallChildren's Centre Linked Site0.49 KM
Chapel Street Nursery SchoolLocal Authority Nursery SchoolGood0.50 KM
Tennyson Road Primary SchoolAcademy Converter0.57 KM
Tennyson Road North Primary SchoolAcademy Converter0.57 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
A505 £ 000.00 KM
Castle Street £ 000.00 KM
Windsor Street £ 000.00 KM
Peel Street £ 125,00000.00 KM
Luton Point £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Luton1536LUT0.73 KM
Luton Airport Parkway3645LTN2.18 KM
Leagrave1534LEA5.78 KM
Harpenden1543HPD9.81 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Hive, Luton £ 449,950BUY5 / 100.00 KM
The Hive, Luton £ 424,950BUY6 / 100.00 KM
The Hive, Luton City Centre £ 350,000BUY6 / 100.00 KM
The Hive, Luton City Centre £ 350,000BUY5 / 100.00 KM
The Hive, Luton £ 249,950BUY6 / 100.00 KM

Nearby Properties

AddressPriceDistance
20 Union Street £ 150,0000.08 KM
18 Union Street £ 75,0000.08 KM
49 Hibbert Street £ 100,0000.23 KM
6a Hibbert Street £ 183,0000.23 KM
30 Hibbert Street £ 232,5000.23 KM