haart Land says ..
Spicerhaart are delighted to offer this mixed use freehold building consisting of two residential flats and a commercial premises with a basement. **Best Offers by midday on 7th December 2023** Contact the Spicerhaart Land Department to request further details or to arrange a viewing
Property Oracle says ..
This property listing presents a mixed-use freehold building in Luton’s High Town area, advertised at £400,000. The property consists of a commercial premises plus two residential flats and a basement. The listing emphasizes its location near Luton train station, which offers convenient access to transport links. The listing also highlights the proximity to various schools. The photos reveal a mix of interior finishes, some areas appearing to be well-maintained while others show the need for updating or potential refurbishment. The basement requires significant work. The land area is relatively small. Without knowing the exact square footage of the residential and commercial areas, determining the true price per square foot and overall value of the property is difficult. The price seems slightly high for Luton, considering nearby residential properties are available at significantly lower price points. However, the value depends heavily on the commercial aspect and the potential rental income that this could generate. Potential buyers should carefully consider the cost of necessary renovations, the potential rental income, and compare it to other investment opportunities in Luton before deciding if this is a worthwhile purchase.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 2
- Bedrooms
- 0
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 186,429.00 £Decreased by 29.14 %
- Average area rental value
- 1,015.00 £/moDecreased by 9.62 %
- Est rental Yield
- 6.53 %Increased by 27.54 %
- Crime Rate
- 6.00 %Unchanged by 0.00 %
Agent Activity
haart Land marked this listing as sold.
haart Land created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Windmill Hill School | Free Schools Special | 0.04 KM | |
| St Matthew'S Primary School | Community School | Requires improvement | 0.35 KM |
| Flying Start South @ The Mall | Children's Centre Linked Site | 0.67 KM | |
| Hart Hill Nursery School | Local Authority Nursery School | Good | 0.70 KM |
| University Of Bedfordshire | Higher Education Institutions | 0.75 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| York Street | £ 0 | 0 | 0.00 KM |
| Cobden Street | £ 0 | 0 | 0.00 KM |
| Kingston Road | £ 312,500 | 0 | 0.00 KM |
| Albion Road | £ 0 | 0 | 0.00 KM |
| Richmond Court | £ 160,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Luton | 1536 | LUT | 0.62 KM |
| Luton Airport Parkway | 3645 | LTN | 1.92 KM |
| Leagrave | 1534 | LEA | 5.99 KM |
| Harpenden | 1543 | HPD | 9.98 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Hitchin Road, Luton LU2 0 | £ 400,000 | BUY | 5 / 10 | 0.00 KM |
| Hartley Road, Luton, Bedfordshire, LU2 | £ 245,000 | BUY | 6 / 10 | 0.07 KM |
| Hartley Road, Luton, Bedfordshire, LU2 | £ 270,000 | BUY | 5 / 10 | 0.10 KM |
| Hartley Road, Luton, Bedfordshire, LU2 0HX | £ 220,000 | BUY | 5 / 10 | 0.10 KM |
| Braid Court, High Town, Luton, Bedfordshire, LU2 0EZ | £ 250,000 | BUY | Unknown | 0.11 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 32 Hartley Road | £ 200,000 | 0.10 KM |
| 70 Hartley Road | £ 143,000 | 0.10 KM |
| 29 Hartley Road | £ 215,000 | 0.10 KM |
| 40 Hartley Road | £ 97,500 | 0.10 KM |
| 12 Hartley Road | £ 188,000 | 0.10 KM |