Property Details


Studio apartment with high rental yield – 10.8%

Luton

England

Prices From £52,650

Reserved


Global Property Investors are pleased to introduce our latest below market value investment opportunity located in the popular commuter town of Luton.

This first floor studio apartment is available to purchase with a discount of 19% which will secure the buyer with instant equity of £12,350 on  completion.

The property is available with vacant possession with an estimated rental income of  £475pcm, which results in a healthy gross yield of 10.8%.  Due to its location  there is very high demand for rental of these types of properties in Luton.  We also have a letting agent on board who will offer full management for just 8%.

Just over a mile away are the rich and varied shopping and leisure opportunities of the town centre, including big name stores in The Mall shopping centre, a wide selection of independent shops and a vibrant indoor market. The town also boasts a wealth of pubs and bars and restaurants with cuisine from around the world, plus theatres and museums.

Location

The property is is well connected for commuters with the M1 located a few miles away,  Luton railway station is also nearby for regular direct services to London St Pancras in 25 minutes. For those travelling further afield, Luton Airport is just three miles from home.

Property Summary


  • Studio Apartment
  • 19% BMV
  • 10.8% Yield
  • £475 Rent
  • £330 Positive Cash Flow

Financial Breakdown


Market Price £65,000
GPI Price £52,650
Deposit Required £10,530
Rental Income £475
Mortgage Costs £145
Cash Positive £330
Gross Yield 10.8%