Promptmove says ..
CASH PURCHASE ONLY | BUY TO LET INVESTMENT OPPORTUNITY | CURRENT RENT £800PCM | TENANCY CURRENTLY MANAGED WITH PROMPTMOVE. Promptmove is pleased to bring this CHAIN FREE, FIRST FLOOR STUDIO FLAT for sale in the popular LEWSEY FARM area of Luton which is in close proximity of LEAGRAVE TRAIN STATION.
Property Oracle says ..
This property is a studio flat located in the Lewsey area of Luton, marketed as a cash purchase only buy-to-let investment opportunity. The current tenancy is managed by the listing agent and generates a monthly rental income of £800 PCM. The property comprises a small kitchen, living area, bathroom and storage, all located on the first floor of a brick building. The property features some dated interiors and finishes, but appears to be structurally sound and reasonably functional. The location is positive for commuters and families, with good access to public transport and schools. However, there is limited information on the property’s size, hampering a more detailed assessment of its value. The asking price appears potentially attractive, given the rental income, however, buyers should factor in potential costs associated with refurbishment and property management. Further investigation is advised to determine the optimal strategy for purchasing and managing this property; therefore only considering the provided information, this is a reasonable investment opportunity for a serious buyer. The lack of square footage data is a major issue for the listing and prospective investors
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 6
- Land
- 2
- Bedrooms
- 0
- Bathrooms
- 1
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
- 314,374.00 £Increased by 3.64 %
- Average area rental value
- 1,413.00 £/moIncreased by 22.87 %
- Est rental Yield
- 5.39 %Increased by 18.46 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Promptmove created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Martin De Porres Catholic Primary School | Academy Converter | Good | 0.33 KM |
| Pastures Way Nursery School | Local Authority Nursery School | Good | 0.33 KM |
| Southfield Primary School | Academy Converter | 0.41 KM | |
| Flying Start West @ Pastures Way | Children's Centre Linked Site | 0.52 KM | |
| Chantry Primary Academy | Academy Converter | Good | 0.84 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Holkham Close | £ 0 | 0 | 0.00 KM |
| Angus Close | £ 0 | 0 | 0.00 KM |
| Purcell Road | £ 280,000 | 0 | 0.00 KM |
| Longmeadow | £ 0 | 0 | 0.00 KM |
| Belsize Road | £ 300,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Leagrave | 1534 | LEA | 3.12 KM |
| Harlington (Bedfordshire) | 1533 | HLN | 6.52 KM |
| Luton | 1536 | LUT | 8.39 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Bunting Road Luton LU4 0UU | £ 90,000 | BUY | 5 / 10 | 0.00 KM |
| Bunting Road, Luton, LU4 | £ 290,000 | BUY | 6 / 10 | 0.04 KM |
| Bunting Road, Luton | £ 270,000 | BUY | 6 / 10 | 0.05 KM |
| Bunting Road, Luton, LU4 | £ 250,000 | BUY | Unknown | 0.05 KM |
| Osprey Walk, Luton, Bedfordshire | £ 260,000 | BUY | 6 / 10 | 0.09 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 17 Bunting Road | £ 105,000 | 0.00 KM |
| 3 Bunting Road | £ 52,300 | 0.00 KM |
| 67 Bunting Road | £ 325,000 | 0.00 KM |
| 7 Bunting Road | £ 132,000 | 0.00 KM |
| 9 Bunting Road | £ 90,000 | 0.00 KM |