Esquire Estates says ..
Esquire Estates are pleased to offer for sale this excellent investment opportunity to purchase a commercial unit, one bedroom flat with freehold in the popular Leagrave Road area of Luton. The retail unit and flat is currently rented and generating a good rental yield and briefly comprises; entr...
This property in Luton, located on Leagrave Road in the Biscot area, is listed for £500,000. It comprises a one-bedroom flat above a commercial unit. The listing emphasizes its potential as an investment opportunity due to the current rental income generated. The images reveal a property in relatively fair condition but needing some updating and modernizing. The interior finishes are dated, and some minor repairs appear necessary. The flat itself is small and compact, lacking any apparent garden or outdoor space. The surrounding area includes a mix of commercial and residential buildings. Positive aspects include its proximity to various schools and relatively good transport links to Luton train station. However, the location may not be considered the most premium in Luton, and this needs to be considered in the overall assessment. The lack of square footage data for the property and comparables prevents a definitive conclusion on the property's value. The £500,000 price tag seems high, especially considering the need for renovations, unless the value is heavily based on the rental income generated by the combined commercial and residential units.
Therefore, we give this property 4 / 10. *Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.*
