42-48 John Street, Luton LU1 2EE
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
42
- BATHROOMS
35
- SIZE
16,487 sq ft
1,532 sq m
- 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
- • Contemporary open-plan living accommodation
- Modern fitted kitchens Stylish bathrooms and selected en-suite facilities
- Energy-efficient construction
- Fantastic Buy to Rent opportunity
- Central location with ideal transport links
Description
Indigo Residential are delighted to offer for sale this fantastic opportunity to buy a Turn key development in John Street, Central Luton.
This recently completed development comprises 28 contemporary apartments arranged across multiple floors, offering a balanced mix of one and two-bedroom units. The scheme has been carefully designed to appeal to both owner-occupiers and tenants, with a strong emphasis on efficient layouts, modern specifications, and sustainable rental demand. Situated in the heart of Central Luton, the development benefits from excellent connectivity and access to local amenities, making it particularly attractive to commuters and professional tenants.
With a mix of 12 one-bedroom and 16 two-bedroom units. The development has a total saleable area of 16,497 sq ft and an advertised gross development value (GDV) of £6.51 million, equating to approximately £394.62 per sq ft.
Based on the projected rents, the 12 one-bedroom apartments at around £1,200 per month would generate approximately £172,800 per year. Assuming the 16 two-bedroom apartments achieve an average rent of around £1,600 per month (within the quoted range of £1,500-£1,700), they would generate approximately £307,200 per year. This produces an estimated total gross annual rental income of around £480,000, which aligns with the figures provided in the marketing details.
Using the stated GDV of £6.51 million, this equates to a gross yield of approximately 7.4%.
1 Bedroom Units: £170,000 - £225,000
2 Bedroom Units: £235,000 - £325,000
Overall, the scheme offers a newly completed residential investment with immediate income potential and a diversified rental stream across one and two-bedroom apartments. Its central location, close to Luton town centre, the railway station and London Luton Airport, is expected to support demand from commuters, professionals, airport staff, NHS workers and students plus the Ongoing regeneration across Luton supporting future capital growth.
The quoted rental income and yield appear internally consistent, although purchasers should verify that the projected rents are achievable in the current market and carry out the usual legal, planning, building warranty and service charge due diligence before proceeding.
Internally the development has Contemporary open-plan living accommodation, Modern fitted kitchens , Stylish bathrooms and selected en-suite facilities, Spacious bedroom accommodation, Energy-efficient construction, Secure communal entrance, Lift access to upper floors and High-quality finishes throughout .
Location
Situated in the heart of Central Luton, the development benefits from excellent connectivity and access to local amenities, making it particularly attractive to commuters and professional tenants.
Key location benefits include:
Walking distance to Luton town centre and its retail and leisure amenities
Close proximity to Luton railway station with direct services to London St Pancras
Strong commuter appeal for London and wider Bedfordshire employment hubs
Established rental demand from local professionals, airport-related workers and students
Ongoing regeneration across Luton supporting future capital growth
Development Features
Contemporary open-plan living accommodation
Modern fitted kitchens
Stylish bathrooms and selected en-suite facilities
Spacious bedroom accommodation
Energy-efficient construction
Secure communal entrance
Lift access to upper floors
High-quality finishes throughout
Investment Highlights
28 completed apartments
Total Saleable Area: 16,497 sq ft
Total GDV: £6,510,000
Average Value: £394.62 per sq ft
Attractive mix of one and two-bedroom apartments
Ready for immediate occupation and income generation
Rental Potential
Current rental projections indicate:
1 Bedroom Apartments: Approximately £1,200 pcm
2 Bedroom Apartments: Approximately £1,500 – £1,700 pcm
This provides investors with the opportunity to generate strong cash flow from day one while benefiting from the continued growth and regeneration of the Luton market.
Please contact Indigo Residential for an internal viewing
- 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: D
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- 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.
- Ask agent
Energy performance certificate - ask agent
42-48 John Street, Luton LU1 2EE
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Visit our security centre to find out moreDisclaimer - Property reference 8b1afb9c-cdc3-42fb-bd4e-825ec1dbe7d0. 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 Indigo Residential, Stopsley. 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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