RW Invest says ..
Invest in this 2-bedroom apartment offering 5% projected rental yields, robust capital growth projections and a prime London commuter location.
Property Oracle says ..
The property is a modern two-bedroom apartment located in Luton, Bedfordshire. It is part of a new development, The Hive, situated on Castle Street in the South locality. The apartment benefits from being close to Luton train station (0.73km) providing convenient access to London and other parts of the UK. There are also several schools within a short distance, including Chapel Street Nursery School (0.50km) which has a good Ofsted rating. The apartment itself appears modern and well-finished, based on the provided images. While the plot size is listed as 0.00 sqft, the building features balconies, suggesting some outdoor space. The list price of £349,950 is higher than the average price for the area (£269,233), but the average sqft price is lower than the implied price per sqft for this property. This may be justified by the modern condition of the property and its proximity to transport links and schools. However, more information on the specific size of the apartment would be needed to make a definitive assessment of the price.
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
- 7
- Condition
- 9
- Location
- 8
- Land
- 3
- Bedrooms
- 2
- Bathrooms
- 2
- Sqft (est)
- 950.00
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
- 279,877.00 £Decreased by 1.23 %
- Est sale value
- 348,650.00 £Increased by 21.12 %
- Average area rental value
- 1,053.00 £/moDecreased by 7.39 %
- Est letting value
- 950.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.51 %Decreased by 6.43 %
- Crime Rate
- 29.00 %Unchanged by 0.00 %
Agent Activity
RW Invest created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| University Of Bedfordshire | Higher Education Institutions | 0.48 KM | |
| Flying Start South @ The Mall | Children's Centre Linked Site | 0.49 KM | |
| Chapel Street Nursery School | Local Authority Nursery School | Good | 0.50 KM |
| Tennyson Road Primary School | Academy Converter | 0.57 KM | |
| Tennyson Road North Primary School | Academy Converter | 0.57 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| A505 | £ 0 | 0 | 0.00 KM |
| Castle Street | £ 0 | 0 | 0.00 KM |
| Windsor Street | £ 0 | 0 | 0.00 KM |
| Peel Street | £ 125,000 | 0 | 0.00 KM |
| Luton Point | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Luton | 1536 | LUT | 0.73 KM |
| Luton Airport Parkway | 3645 | LTN | 2.18 KM |
| Leagrave | 1534 | LEA | 5.78 KM |
| Harpenden | 1543 | HPD | 9.81 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| The Hive, Luton | £ 449,950 | BUY | 5 / 10 | 0.00 KM |
| The Hive, Luton | £ 424,950 | BUY | 6 / 10 | 0.00 KM |
| The Hive, Luton City Centre | £ 350,000 | BUY | 6 / 10 | 0.00 KM |
| The Hive, Luton City Centre | £ 350,000 | BUY | 5 / 10 | 0.00 KM |
| The Hive, Luton | £ 249,950 | BUY | 6 / 10 | 0.00 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 20 Union Street | £ 150,000 | 0.08 KM |
| 18 Union Street | £ 75,000 | 0.08 KM |
| 31 Hibbert Street | £ 118,000 | 0.23 KM |
| 55a Hibbert Street | £ 125,000 | 0.23 KM |
| 6a Hibbert Street | £ 183,000 | 0.23 KM |