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SOLD STC

Park House, 146-158 Park Street, Luton, LU1 3EY

£39,000
Reduced on 21/12/2021
yieldit, Manchester
PROPERTY TYPE

Studio

BATHROOMS

×1

Key features

  • Earn instant income
  • 9.5% NET Return
  • Ground floor
  • Hands off Investment
  • Fully furnished
  • Great transport links
  • Shops, bars and amenities on its doorstep
  • Close to university

Property description

Tenure: Please confirm if this is a freehold or leasehold property with yieldit

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY - CASH BUYERS ONLY!

This stylish en-suite apartment is fully furnished and includes a bed, an en-suite bathroom, wardrobe, storage space and study area with a desk and chair. Residents of Park House benefit from its amazing communal areas including a gym, cinema, games room, study areas, outdoor leisure and sports facilities and gardens. This is alongside the necessities such as laundry facilities, Wi-Fi, secure bicycle storage, onsite accommodation team and 24hr CCTV and security. It's no surprise that Park House is such a popular choice amongst students at the University of Bedfordshire.

Park House is ideally located just a 5-minute walk away from the University of Bedfordshire and a 22 minute train journey into central London. Park House also has Luton town centre right on its doorstep, with an abundance of high street shops, bars, restaurants and attractions to visit. Luton has fantastic transport links with its train station being only a 10 minute walk away and London Luton Airport, which is easily accessible via public transport or a 40 minute walk, making it incredibly easy for both UK and overseas students to travel to and from their home towns.

The University of Bedfordshire is home to over 24,000 students from over 100 countries and opened a brand new £34m campus in 2010 which includes state-of-the-art facilities such as a PE and Sport Science Centre, Business Pods, dance studios and a 280 seat theatre. The University of Bedfordshire's popularity is steadily increasing after being voted in the top 25 universities for student satisfaction for three years in a row; meaning that as more students want to study at this university, high-quality accommodation such as Park House will be in high demand. This is the perfect student investment opportunity!

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Financial Breakdown

Gross rent: £5,760
Ground rent: £250
Service charge: £1,330
Lettings fees: £553
Net income: £3,627
Gross yield: 15.36%
Net yield: 9.67%

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.



yieldit ref: YL-16817

Energy Performance Certificates

Park House, 146-158 Park Street, Luton, LU1 3EY

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Luton Station0.5 miles
  • Luton Parkway Station0.6 miles
  • Leagrave Station2.9 miles
Mortgages
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Market information
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About the agent

yieldit, Manchester

Quay West at MediaCityUK Trafford Wharf Road, Trafford Park, Manchester, M17 1HH

Here at yieldit we specialise in the sale of tenanted, income generating buy-to-let property from investor to investor. We work with buyers and sellers who see the financial potential of a buy-to-let-property, and don't get distracted by little things - eliminating the normal stresses that come with trying to sell a buy-to-let property on the high-street.

yieldit brings a wide range of income generating properties to market, from larger homes perfect for families to city centre apartmen

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Disclaimer - Property reference YL-16817. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by yieldit, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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