Hibbert Street, Luton, Bedfordshire, LU1
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
2
- SIZE
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- 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: £1,400,000
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Property Overview
A rare opportunity to acquire a freehold residential block investment in Luton, comprising a purpose-built block arranged over ground and three upper floors. Tracey Court features 20 self-contained flats, along with 7 garages and off-street parking, providing multiple income streams.
The sale includes the freehold interest plus 8 individual flats (3 x two-bedroom and 5 x one-bedroom units), offering immediate rental income and long-term potential.
The freehold generates ongoing ground rent and service charge income from the remaining flats, with potential additional income from future lease extensions, making this an attractive long-term investment.
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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
Additional Features:
* Freehold ownership of the block
* 7 garages included with potential rental income
* Off-street parking
* Service charge and ground rent income
* Potential lease extension premiums
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Location
Tracey Court is located on Hibbert Street, close to the centre of Luton, approximately 31 miles north of London. The property benefits from excellent transport links, including:
* London Luton Airport - minutes away
* Luton Railway Station - direct trains to London St Pancras in 25-30 minutes
* M1 Motorway - Junctions 10 & 11 for easy road access
The area has strong rental demand driven by commuters, airport employment, and affordability compared to London, making it an attractive location for investors.
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Investment Highlights
* Multiple income streams from flats, garages, and ground rent
* Rare freehold block opportunity
* Potential for capital growth in a commuter hotspot
* Established rental market with long-term tenant demand
________________________________________
This is a rare chance to acquire a substantial freehold asset with multiple income streams in a high-demand area of Luton.
For further information contact:-
Sam Bains or 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.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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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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