£175,000
2 bed flat for saleThe Academy, Holly Street, Luton, Bedfordshire LU1
2 beds
2 baths
1 reception
EPC Rating: C
About this property
Chain Free
Allocated Secure Underground Parking
Walking Distance To Town Centre Amenities And Train Station
Ideal Investment With Tenants Paying £1200
In Good Condition
En Suite To Master
Two Double Bedrooms
Balcony
Lease In Excess Of 100 Years
Luton Train Station Within Easy Reach
An exceptional opportunity awaits with this chain free, two-bedroom, two-bathroom apartment situated in the development of The Academy, Luton. This property offers a compelling blend of modern living, convenience, and investment potential, making it an ideal choice for a variety of buyers, from first-time purchasers to savvy investors.
Upon entering, you are greeted by a well-maintained interior that is in good condition throughout, ensuring a smooth transition for its new owner. The apartment features a spacious reception room, providing ample space for relaxation and entertaining. From here, access to a private balcony extends the living area outdoors, offering a pleasant spot for morning coffee or evening unwinds.
The accommodation comprises two generously sized double bedrooms. The master bedroom benefits from its own en suite bathroom, adding a touch of luxury and privacy. A second well-appointed bathroom serves the additional bedroom and guests, ensuring comfort and practicality for all residents. Both bathrooms are finished to a good standard, reflecting the overall quality of the property.
One of the standout features of this apartment is the allocated secure underground parking, a highly desirable amenity in urban living, providing peace of mind and convenience. The property's location is truly unbeatable, being within easy walking distance of Luton town centre amenities, including a wide array of shops, restaurants, and leisure facilities. Furthermore, Luton Train Station is also within easy reach, offering excellent transport links to London and beyond, making it perfect for commuters.
For investors, this property presents an outstanding opportunity. It is currently let with tenants paying £1200 per calendar month, offering an immediate and attractive rental yield. The lease is in excess of 100 years, providing long-term security and appeal. The combination of its prime location, desirable features, and strong rental income potential makes it a robust addition to any property portfolio.
Mortgage calculator
£875 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (105 years)
Service charge
£3,068 per year
Council tax band
C
Ground rent
Ground rent date of next review



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