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Summerview Court, Mill Street, Luton, LU1 2NA

Key features

  • Tenanted Investment Opportunity
  • Second Floor
  • Spacious Studio Apartment
  • Well Proportioned Living
  • Modern Bathroom
  • Town Centre Location
  • Excellent Transport Links
  • Close To Local Shops And Amenities

Description

yieldit are pleased to offer to the market this generously proportioned studio apartment, ideally situated within Summerview Court on Mill Street, in the heart of Luton. Located on the second floor, the property offers spacious and versatile living accommodation with a well presented main living area and a separate bathroom, providing a comfortable and practical home in a highly convenient town centre location.

Luton offers a wide range of shopping, dining and leisure facilities, with the town centre providing easy access to supermarkets, restaurants, cafés and everyday amenities. Luton railway station is within easy reach and provides regular services to London St Pancras, making the area particularly convenient for commuters. London Luton Airport is also easily accessible, while the M1 provides excellent road connections to London, Milton Keynes and surrounding areas.

Luton is benefiting from significant ongoing investment and regeneration, with a number of major projects focused on transforming the town centre and surrounding areas. The council is working to improve public spaces, leisure facilities, retail provision and residential opportunities, with the aim of creating a more vibrant and attractive town centre. A key development is The Stage on Bute Street, a major mixed use regeneration scheme which will provide new homes, commercial space, a performance venue, food and drink facilities and improved public spaces. The wider investment taking place across Central Luton is expected to support continued economic growth and enhance the town's long term appeal for residents, businesses and investors.

Financial Breakdown

Gross Rent: £9,600.00
Net income: £6,756.38
Gross yield: 9.6%
Net yield: 6.76%
Please contact agent for full financial breakdown.

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-08630
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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.
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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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Summerview Court, Mill Street, Luton, LU1 2NA

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Affordability

Monthly repayments£475
Property: £ 100,000
Deposit: £ 10,000
Interest rate: 4.85%
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.
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About yieldit, Manchester

Suite 2A Osprey House at The Nest, Broadway, Manchester, M50 2UE.

Here at yieldit we specialise in the sale of tenanted, income generating buy-to-let property from investor to investor. We work with buyers and sellers who see the financial potential of a buy-to-let-property, and don't get distracted by little things - eliminating the normal stresses that come with trying to sell a buy-to-let property on the high-street.

yieldit brings a wide range of income generating properties to market, from larger homes perfect for families to city centre apartments in some of the UK's best rental markets. Whatever your requirements, yieldit has the perfect investment (or buyer) for you!

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Disclaimer - Property reference YL-08630. 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 yieldit, Manchester. 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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