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Get brand editions for Penrose Estate Agents, Luton

The Academy, Holly Street, Luton, Bedfordshire, LU1 3DF

PROPERTY TYPE

Apartment

BEDROOMS

2

BATHROOMS

2

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Floorplan 1
1

Key features

  • 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

Description

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.
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.
Allocated
GARDENA property has access to an outdoor space, which could be private or shared.
Communal garden
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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The Academy, Holly Street, Luton, Bedfordshire, LU1 3DF

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Affordability

Monthly repayments£878
Property: £ 175,000
Deposit: £ 17,500
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Renovation potential
Recently sold & under offer
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About Penrose Estate Agents, Luton

386 Hitchin Road Luton LU2 7SR

ABOUT US

Our names are Richard, Ben and Adam and we founded Penrose Estate Agents in 2016. Between us, we hold over thirty years of industry experience helping thousands of people in and around Luton complete their home moves.

We offer sellers and landlords a unique full range of marketing options, from an online only service through to traditional, fully managed moves.

We understand that our customers have very different desires and deserve a real choice on how we help them achieve the best possible price. By combining both the online and traditional services, we provide flexible solutions that will meet every customers demands.

When you instruct us to sell or rent your property you can rest assured you will be dealing with experienced and efficient property professionals, who care about both you and your home.

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Disclaimer - Property reference PNR_PNR_LFSYCL_524_685512994. 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 Penrose Estate Agents, 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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