Holly Street, Farley Hill, Luton, LU1
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
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Key features
- Close to local amenities
- Allocated underground parking
- Close to juction 10 M1
- Great investment opportunity
- Two double bedrooms
- Electric heating
- Open plan living room and kitchen
- Ground rent £390.52
- Service charge £3085.95
- Leasehold - 115 years remaining
Description
Presenting an excellent opportunity to acquire a well-presented two-bedroom apartment within the highly sought-after The Academy development in Luton. Ideally located for commuters and professionals, the property offers convenient access to local amenities, leisure facilities, Junction 10 of the M1 motorway and Luton Parkway train station.
The apartment offers spacious and well-proportioned accommodation throughout, comprising a welcoming entrance hall leading to a bright and airy open-plan living/kitchen area with access to a private balcony/patio. The contemporary kitchen provides ample storage and worktop space, making it ideal for everyday living.
Both bedrooms are generous doubles, with the principal bedroom benefiting from an en suite shower room. A modern family bathroom completes the accommodation. Additional benefits include a secure intercom entry system, lift access to all floors and an allocated underground parking space.
Currently let to reliable tenants, the property presents an ideal ready-made investment, offering purchasers an immediate rental income from completion with no initial void period. The existing tenancy provides a hassle-free investment opportunity for buy-to-let buyers seeking an established income-producing asset. For those looking to occupy the property themselves, vacant possession can also be made available by arrangement.
With an estimated rental income of £1,200–£1,300 PCM, this apartment offers strong investment potential in a popular development that continues to attract tenant demand due to its excellent transport links and convenient location.
Lease information:
Ground rent: £390.52 per annum.
Service charge: £3,085.95 per annum.
Leasehold: Approximately 115 years remaining.
- 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.
- Band: C
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street,Private
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- 2nd floor
Holly Street, Farley Hill, Luton, LU1
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Visit our security centre to find out moreDisclaimer - Property reference P548. 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 Northwood, 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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