Key information

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Features and description

Ground floor maisonette
Long lease of 115 years remaining
Bright open plan living / dining area
Refitted contemporary bathroom
Spacious double bedroom with built in storage
Sought after the elms location (lu1)
Ideal for first time buyers or buy to let investors

This well-presented one-bedroom maisonette is situated within the popular Elms development in Luton, offering a smart and practical home ideally suited to first-time buyers and buy-to-let investors achieving £1,100 per month (£13,200 per annum), offering an attractive gross yield of approximately 9.4%.The accommodation comprises a bright and spacious open-plan living and dining area, complemented by a fitted kitchen that provides both functionality and modern appeal. The layout is well considered, creating a comfortable space for everyday living as well as entertaining.Further benefits include a modern, refitted bathroom finished to a contemporary standard, and a well-proportioned double bedroom featuring built-in storage, allowing for efficient use of space without compromising on comfort.Located in the LU1 postcode, the property enjoys convenient access to Luton Town Centre, mainline railway station, and a range of local amenities. Excellent transport links, including the M1 motorway and London Luton Airport, make this an attractive option for commuters and tenants alike. With consistently strong rental demand in the area and good long-term prospects, this maisonette represents a sound investment opportunity as well as an ideal first step onto the property ladder.

Tenure: Leasehold
Lease Years Remaining: 115
Ground Rent: £150.00 per year
Service Charge: £2200.00 per year

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Area statistics

Crime score

High crime

10/10

Home prices (average)

1 bedroom ground floor maisonettes

£159,287

About this agent

Esquire - Marsh Road

208 Marsh Road Luton LU3 2QW

01582 955877

Full profile Property listings

The team here at esquire have all been in the property industry for over 25 years combined. We have come together from corporate property giants who we feel have lost touch with the most important element of the business, you the customer. We still believe in the old fashion statement, the customer is always right, instead of being dictated to and treated like a number to make up weekly targets, which is what these big companies primarily focus on. We will keep you at the forefront of our minds and treat each one of you as individuals. We understand everybody's needs are different, we want to listen to those needs and implement them into what you require from us as your agent. No request is too big or too small. We want you to be completely relaxed and confident you are making the right choice so you will not be pressurised in any way from us. We believe good communication and building a strong rapport with our clients is the best way to get results. We want to get to know you and for you to get to know us as much as possible so we can work together to achieve our goals.