Hibbert Street, Luton, Bedfordshire, LU1
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
2
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- * Freehold block for sale
- * Residential investment opportunity
- * Block of flats Luton
- * Buy to let portfolio
- * High yield investment
- * Ground rent investment
- * Reversionary freehold
- * Income producing property
- * Luton property investment
- * Block with garages
Description
Tracey Court, Hibbert Street, Luton, Bedfordshire, LU1 3XH
Guide Price: £1,500,000
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Property Overview
An excellent opportunity to acquire a substantial freehold residential investment in a well-established and high-demand rental location in Luton. The property comprises a purpose-built block arranged over ground and three upper floors, consisting of 20 self-contained flats, together with garages and off-street parking.
The sale includes the freehold interest plus 8 individual flats (3 x two-bedroom and 5 x one-bedroom units), offering an attractive level of immediate rental income alongside long-term reversionary potential.
In addition, the freehold generates ongoing ground rent and service charge income from the remaining leasehold flats, with further upside through future lease extensions and active asset management.
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Flats Included in the Sale
Two-Bedroom Flats (£175,000 each)
* Flat 9 - 48 sqm
* Flat 12 - 52 sqm
* Flat 15 - 52 sqm
One-Bedroom Flats (£135,000 each)
* Flat 16 - 32 sqm
* Flat 17 - 30 sqm
* Flat 18 - 37 sqm
* Flat 19 - 31 sqm
* Flat 20 - 30 sqm
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Garages & Parking
* 7 garages in total within the development
* 3 garages are included within the freehold sale, providing additional rental income potential
* The remaining 4 garages are demised to individual leasehold flats and are not included in the sale
* Additional off-street parking available
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Additional Features
* Freehold ownership of the entire block
* Established service charge and ground rent income
* Reversionary potential via lease extensions
* Multiple diversified income streams
* Opportunity to enhance income through active management
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Location
Tracey Court is situated on Hibbert Street, within close proximity to Luton town centre, approximately 31 miles north of London. The property benefits from excellent transport links, including:
* London Luton Airport - within minutes
* Luton Railway Station - direct services to London St Pancras (approx. 25-30 minutes)
* M1 Motorway - Junctions 10 & 11 nearby
The area continues to experience strong and consistent rental demand, driven by commuters, airport employment, and affordability compared to London.
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Investment Highlights
* Rare opportunity to acquire a freehold block with part income-producing units
* Multiple income streams: rental income, ground rent, service charges, and garages
* Strong reversionary potential, including lease extension premiums
* Well-positioned asset in a proven commuter location
* Attractive long-term investment profile with scope for capital growth
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Pricing Rationale
The guide price of £1,500,000 reflects the combined value of:
* The 8 income-producing flats, offering immediate rental returns
* The freehold interest, delivering ongoing ground rent and service charge income
* The inclusion of 3 garages with further income potential
* The reversionary upside through lease extensions and future value growth
This pricing represents a balanced investment opportunity, combining day-one income with long-term asset appreciation.
________________________________________
Contact
For further information, please contact:
Sam Bains -
Sabbi Bains -
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Hibbert Street, Luton, Bedfordshire, LU1
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Visit our security centre to find out moreDisclaimer - Property reference TraceyCt. 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 Ultimate Connexions, Luton. 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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