Hitchin Road, Luton LU2 0
HA

Hitchin Road, Luton LU2 0

By haart Land

£ 400,000

Reviews

2 out of 5 stars

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

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
186,429.00 £
Decreased by 29.14 %
from 263,088.00 £
Average area rental value
1,015.00 £/mo
Decreased by 9.62 %
from 1,123.00 £/mo
Est rental Yield
6.53 %
Increased by 27.54 %
from 5.12 %
Crime Rate
6.00 %
Unchanged by 0.00 %
from 6.00 %

Agent Activity

  • haart Land marked this listing as sold.

  • haart Land created the listing.

Nearby Schools

NameTypeOfstedDistance
Windmill Hill SchoolFree Schools Special0.04 KM
St Matthew'S Primary SchoolCommunity SchoolRequires improvement0.35 KM
Flying Start South @ The MallChildren's Centre Linked Site0.67 KM
Hart Hill Nursery SchoolLocal Authority Nursery SchoolGood0.70 KM
University Of BedfordshireHigher Education Institutions0.75 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
York Street £ 000.00 KM
Cobden Street £ 000.00 KM
Kingston Road £ 312,50000.00 KM
Albion Road £ 000.00 KM
Richmond Court £ 160,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Luton1536LUT0.62 KM
Luton Airport Parkway3645LTN1.92 KM
Leagrave1534LEA5.99 KM
Harpenden1543HPD9.98 KM

Nearby Listings

AddressPriceTypeScoreDistance
Hitchin Road, Luton LU2 0 £ 400,000BUY5 / 100.00 KM
Hartley Road, Luton, Bedfordshire, LU2 £ 245,000BUY6 / 100.07 KM
Hartley Road, Luton, Bedfordshire, LU2 £ 270,000BUY5 / 100.10 KM
Hartley Road, Luton, Bedfordshire, LU2 0HX £ 220,000BUY5 / 100.10 KM
Braid Court, High Town, Luton, Bedfordshire, LU2 0EZ £ 250,000BUYUnknown0.11 KM

Nearby Properties

AddressPriceDistance
32 Hartley Road £ 200,0000.10 KM
70 Hartley Road £ 143,0000.10 KM
29 Hartley Road £ 215,0000.10 KM
40 Hartley Road £ 97,5000.10 KM
12 Hartley Road £ 188,0000.10 KM