1 bed flat for sale

Napier Road, Luton LU1

Description

Key Features
💎 share of freehold: Rare find - Negligible Ground Rent & Total Control.
🛏️ proper 1-bed: Separate double bedroom layout (not a studio).
📈 high yield: Generates approx. 7.5% Gross Yield (£8,400 pa).
🚀 value add: Potential to boost yield to 8.5% by adding white goods.
💷 instant income: Sold with professional tenant paying £700 pcm.
🏷️ reduced price: Exceptional value at £112,500 for quick sale.
🚆 commuter dream: Minutes from Luton Station (22 mins to London).
📍 prime location: Walking distance to The Mall & University.
Property description


Attention investors & first time buyers: A "Share of Freehold" Gem with Upside Potential.

Reduced to £112,500, this property is the smart choice for savvy buyers. It combines the security of a Freehold asset with the high returns of a top-tier investment.

Why this is A "no-brainer" buy:

💰 1. The numbers (For Investors) Stop settling for 5%. This asset works harder for your money:
Immediate Income: Tenant in situ paying £700 pm (7.5% Yield).
Turn-Key: No void period. You earn from Day 1.
Value Add Opportunity: By simply adding white goods (Fridge/Washer), rent can be pushed to £800 pm.

Result: A potential 8.5% Gross Yield with minimal effort.

💎 2. The tenure (The "Golden Ticket") Most flats in Luton are Leasehold. This is Share of Freehold.
Negligible Ground Rent: Keep 100% of your profit.
No Lease Extension Costs: A "Forever Asset" that doesn't lose value over time.
Total Control: You are not at the mercy of a third-party freeholder.

🏠 3. The layout (Proper 1-Bed) Don't get stuck with a Studio. Banks and tenants prefer this layout:
Separate Bedroom: Privacy and separation from the living area (unlike studios).
Open Plan Living: Bright, modern, and efficient to heat.
Bank Friendly: Much easier to mortgage and resell than a studio flat.

🚆 4. The location (Commuter Hotspot)
London Connection: 22 mins to St Pancras International via Luton Station (walking distance).
Town Centre: Moments from The Mall, The Galaxy Centre, and Gyms.
Student Demand: Close to the University of Bedfordshire (ensuring constant tenant demand).

Summary: Properties with Share of Freehold at this price point are virtually non-existent. Whether you want an inflation-busting investment or a cost-effective London base, this is it.

Viewing: Strictly by appointment with LT Properties. Call today-assets with this Tenure and Yield do not sit on the market long.

Council Tax Band: A (Luton Borough Council)
Tenure: Share of Freehold

Bedroom 1

Living Room

Kitchen

Bathroom