1. Property photo 1 of 16
  2. Property photo 2 of 16
  3. Property photo 3 of 16

Offers over

£130,000

(£281/sq. ft)

1 bed flat for sale
Cannon Lane, Luton LU2

    • 1 bed

    • 1 bath

    • 1 reception

    • 463 sq. ft

  • EPC Rating: C

  • Retirement
  • Chain free
  • Leasehold

Venture Residential

Logo of Venture Residential

About this property

  • Venture Residential

  • 1 Bedroom retirement apartment

  • Private garden area

  • Guest Suite

  • Security entry system

  • Over 60's only

  • CCTV door entry

  • House Manager

  • 24 Hour emergency call system

  • No Chain

This well-presented one-bedroom ground-floor retirement apartment offers direct access to a private patio. The property features a modern kitchen with integrated appliances, a spacious double bedroom with fitted wardrobes, and a contemporary bathroom.

Olympic Court, developed by the award-winning McCarthy & Stone, is designed to provide secure and independent living for those aged 60 and over. A dedicated House Manager is on-site from Monday to Friday to oversee the smooth running of the development. Residents benefit from a hassle-free lifestyle, with a service charge covering all communal maintenance, including the homeowners' lounge, laundry room, 24-hour emergency call and security systems, external and internal communal area maintenance, water rates, and buildings insurance. For added security and peace of mind, the development features CCTV door entry and a 24-hour emergency assistance system. A guest suite with an en-suite is available for visitors at a small charge, subject to availability.

The annual service charge for the financial year ending 31st March 2025 is £3,151.30. This includes the cleaning of communal windows, the House Manager's salary, electricity, heating, and lighting in communal areas, as well as ongoing maintenance and a contingency fund for future redecoration and repairs. Council Tax, apartment electricity, and TV licence costs are not included in this charge.

Allocated parking spaces are available on a first-come, first-served basis, with a fee of £250 per annum.

The lease term is 125 years from 1st June 2011. The ground rent is £425 per annum, with the next review scheduled for 1st January 2026.

Entrance Hall - 9'2" (2.79m) x 3'3" (0.99m)

Lounge - 15'8" (4.78m) x 10'2" (3.1m)

Kitchen - 6'2" (1.88m) x 5'7" (1.7m)

Bedroom - 13'0" (3.96m) x 8'6" (2.59m)

Bathroom - 6'4" (1.93m) x 5'1" (1.55m)

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Zoopla insights

Sign in and gain expert analysis to make informed decisions

Stamp duty calculator

Our instant calculator helps you understand how much stamp duty is due on property purchases in England & Northern Ireland. Read the latest stamp duty news

From 1st April 2025 £-

This calculation is intended as a guide only. We are unable to provide financial advice, so it's important to consult with an adviser. It applies to UK residents purchasing residential properties in England and Northern Ireland, but does not apply if the purchase is made through a company.

More information

  • Tenure

    Leasehold (111 years)

  • Service charge

    £3,151 per month

  • Council tax band

    B

  • Ground rent

    £5,100

  • Ground rent date of next review

See all recent sales in LU2

Property descriptions and related information displayed on this page are marketing materials provided by - Venture Residential. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Venture Residential for full details and further information.