Studio for sale

Spring Place, Dumfries Street, Luton LU1

Description

Share of freehold & no upward chain. A fantastic opportunity to acquire a premium, fully furnished studio apartment within the highly sought after Opto Village development. Ideal for investors seeking immediate returns with a potential monthly rent of £900, offering an impressive 15.43% gross yield.

Long lease with approximately 239 years remaining.

This modern studio is finished to a high standard throughout, offering a bright and spacious feel. The accommodation includes a stylish three piece shower suite, comfortable double bed, wardrobe, and a dedicated study area with desk and chair. The well appointed kitchenette features a fridge/freezer, hob, extractor fan with dining space.

All utility bills, including electricity, water, and WiFi, are included, providing a hassle free experience for both landlord and tenant.

Residents benefit from excellent on site amenities, including concierge and management services for added security and convenience, as well as 24-hour access to communal facilities such as a launderette and secure bike storage. The development further boasts a fully equipped gym, cinema room, and multiple private rooftop terraces, all finished with high quality furnishings.

Ideally located just a short walk from the University of Bedfordshire and Luton town centre, the property is perfectly positioned to attract strong tenant demand, particularly from the area's large student population.

Luton is a thriving town within London's commuter belt, offering excellent road and rail connections, as well as one of the UK's busiest airports. With ongoing regeneration, strong rental demand, and a lower price point compared to London, it continues to be an attractive hotspot for property investors.

This is an ideal turnkey investment in a high-demand rental market with strong income potential from day one.

Council Tax Band: A
Tenure: Leasehold (239 years)