The Ridings, Biscot Mill, Luton, Bedfordshire, LU3 1BY
IN

The Ridings, Biscot Mill, Luton, Bedfordshire, LU3 1BY

By Indigo Residential

£ 130,000

Reviews

3 out of 5 stars

Indigo Residential says ..

IDEAL FIRST TIME BUY/BUY TO LET INVESTMENT , chain free, refurbished throughout , modern and contemporary

Property Oracle says ..

The property is a maisonette located in Luton, Bedfordshire. It’s a one-bedroom, one-bathroom property with a total area of 320.70 sqft, which is significantly smaller than the average property size in the area (903 sqft). The list price is £130,000.

Based on the provided images, the property appears to be in good condition and has recently been modernised. The kitchen and bathroom are modern and well-maintained. The flooring and walls are clean and freshly painted. There is a small, enclosed garden visible from one of the images.

The location is close to several schools, with the nearest being Active Support Education Centre (0.27 km). Luton train station is approximately 2.05 km away, offering good transport links. However, the average house price in the area is considerably higher (£279,788) than the list price of this property. The average price per sqft in the area is £309, while this property is listed at a significantly lower price per sqft.

Considering the property’s modern condition, relatively small size, and proximity to amenities and transport links, the list price of £130,000 may represent good value for money, particularly when compared to similar properties on The Ridings, which are listed between £100,000 and £142,000. However, the significantly lower price per sqft compared to the area average requires further investigation to determine if any factors, not apparent from the provided data, could justify this discrepancy.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
8
Condition
8
Location
7
Land
3
Bedrooms
1
Bathrooms
1
Sqft (est)
320.70
Lot (est)
320.70

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
118,500.00 £
Decreased by 52.10 %
from 247,403.00 £
Est sale value
47,142.90 £
Decreased by 51.32 %
from 96,851.40 £
Average area rental value
1,250.00 £/mo
Decreased by 11.54 %
from 1,413.00 £/mo
Est letting value
320.70 £/mo
Unchanged by 0.00 %
from 320.70 £/mo
Est rental Yield
12.66 %
Increased by 84.82 %
from 6.85 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • Indigo Residential created the listing.

Nearby Schools

NameTypeOfstedDistance
Active Support Education CentreOther Independent Special SchoolGood0.27 KM
Mehria Primary SchoolOther Independent SchoolRequires improvement0.34 KM
Flying Start Central Children'S CentreChildren's Centre0.38 KM
Beech Hill Community Primary SchoolCommunity SchoolGood0.38 KM
Olive Tree Primary SchoolOther Independent SchoolRequires improvement0.42 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Beech Path £ 245,00000.00 KM
Lincoln Road £ 000.00 KM
Ascot Road £ 000.00 KM
Mansfield Road £ 350,00000.00 KM
St Bernard's Close £ 425,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Luton1536LUT2.05 KM
Leagrave1534LEA3.49 KM
Luton Airport Parkway3645LTN4.34 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Ridings, Biscot Mill, Luton, Bedfordshire, LU3 1BY £ 130,000BUY6 / 100.00 KM
The Ridings, Luton, LU3 £ 290,000BUY5 / 100.00 KM
The Ridings, Luton £ 290,000BUY6 / 100.00 KM
The Ridings, Luton £ 130,000BUYUnknown0.04 KM
The Ridings, Luton £ 150,000BUY5 / 100.05 KM

Nearby Properties

AddressPriceDistance
64 The Ridings £ 117,5000.00 KM
82 The Ridings £ 23,5000.00 KM
57 The Ridings £ 160,0000.00 KM
77 The Ridings £ 91,0000.00 KM
28 The Ridings £ 133,0000.00 KM