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 %
- Est sale value
- 348,650.00 £Increased by 21.12 %
- Average area rental value
- 1,053.00 £/moDecreased by 7.39 %
- Est letting value
- 950.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.51 %Decreased by 6.43 %
- Crime Rate
- 29.00 %Unchanged by 0.00 %
Agent Activity
Legacie Developments created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| University Of Bedfordshire | Higher Education Institutions | 0.48 KM | |
| Flying Start South @ The Mall | Children's Centre Linked Site | 0.49 KM | |
| Chapel Street Nursery School | Local Authority Nursery School | Good | 0.50 KM |
| Tennyson Road Primary School | Academy Converter | 0.57 KM | |
| Tennyson Road North Primary School | Academy Converter | 0.57 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| A505 | £ 0 | 0 | 0.00 KM |
| Castle Street | £ 0 | 0 | 0.00 KM |
| Windsor Street | £ 0 | 0 | 0.00 KM |
| Peel Street | £ 125,000 | 0 | 0.00 KM |
| Luton Point | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Luton | 1536 | LUT | 0.73 KM |
| Luton Airport Parkway | 3645 | LTN | 2.18 KM |
| Leagrave | 1534 | LEA | 5.78 KM |
| Harpenden | 1543 | HPD | 9.81 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| The Hive, Luton | £ 449,950 | BUY | 5 / 10 | 0.00 KM |
| The Hive, Luton | £ 424,950 | BUY | 6 / 10 | 0.00 KM |
| The Hive, Luton City Centre | £ 350,000 | BUY | 6 / 10 | 0.00 KM |
| The Hive, Luton City Centre | £ 350,000 | BUY | 5 / 10 | 0.00 KM |
| The Hive, Luton | £ 249,950 | BUY | 6 / 10 | 0.00 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 20 Union Street | £ 150,000 | 0.08 KM |
| 18 Union Street | £ 75,000 | 0.08 KM |
| 49 Hibbert Street | £ 100,000 | 0.23 KM |
| 6a Hibbert Street | £ 183,000 | 0.23 KM |
| 30 Hibbert Street | £ 232,500 | 0.23 KM |