Offers over
£110,000
1 bed flat for saleCardigan Mews, Cardigan Street, Luton, Bedfordshire LU1
1 bed
1 bath
1 reception
- Chain free
- Leasehold
Penrose Estate Agents
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About this property
Chain Free
First Floor One Bedroom
Town Centre Location
Permit Street Parking
Current Rental Value Of £850 pcm
Easy Access To Luton Train Station
84 Years Remaining
Reasonable Annual Charges
Some Modernisation Required
Viewing Advised
Cardigan Mews, Cardigan Street, Luton
Presented to the market chain free, this charming one bedroom first floor apartment offers an exceptional opportunity for first-time buyers, investors, or those seeking a convenient town centre lifestyle in Luton. Situated on Cardigan Street, the property benefits from a prime location, placing residents within easy reach of Luton's vibrant amenities, shops, restaurants, and cultural attractions.
The apartment itself comprises a well-proportioned living space, featuring one reception room, one double bedroom, and an en-suite shower room. While the property is perfectly liveable, it does present an ideal canvas for some modernisation, allowing the new owner to infuse their personal style and potentially enhance its value. This offers a fantastic chance to create a bespoke home tailored to individual tastes.
One of the standout features of this apartment is its incredible accessibility. For commuters, easy access to Luton Train Station is a significant advantage, providing direct links to London and beyond. Local bus routes are also readily available, further enhancing connectivity. Despite its central location, residents will appreciate the availability of permit street parking, a valuable commodity in any town centre setting.
For investors, this property represents a compelling proposition with a current rental value of £850 per calendar month, offering an attractive yield. The leasehold tenure has approximately 84 years remaining, and the annual charges are noted as reasonable, contributing to its appeal as an investment.
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More information
Tenure
Leasehold (84 years)
Service charge
£600 per year
Council tax band
A
Ground rent
£50
Ground rent date of next review