The Hive, Luton
RW

The Hive, Luton

By RW Invest

£ 349,950

Reviews

3 out of 5 stars

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 %
from 283,358.00 £
Est sale value
348,650.00 £
Increased by 21.12 %
from 287,850.00 £
Average area rental value
1,053.00 £/mo
Decreased by 7.39 %
from 1,137.00 £/mo
Est letting value
950.00 £/mo
Unchanged by 0.00 %
from 950.00 £/mo
Est rental Yield
4.51 %
Decreased by 6.43 %
from 4.82 %
Crime Rate
29.00 %
Unchanged by 0.00 %
from 29.00 %

Agent Activity

  • RW Invest created the listing.

Nearby Schools

NameTypeOfstedDistance
University Of BedfordshireHigher Education Institutions0.48 KM
Flying Start South @ The MallChildren's Centre Linked Site0.49 KM
Chapel Street Nursery SchoolLocal Authority Nursery SchoolGood0.50 KM
Tennyson Road Primary SchoolAcademy Converter0.57 KM
Tennyson Road North Primary SchoolAcademy Converter0.57 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
A505 £ 000.00 KM
Castle Street £ 000.00 KM
Windsor Street £ 000.00 KM
Peel Street £ 125,00000.00 KM
Luton Point £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Luton1536LUT0.73 KM
Luton Airport Parkway3645LTN2.18 KM
Leagrave1534LEA5.78 KM
Harpenden1543HPD9.81 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Hive, Luton £ 449,950BUY5 / 100.00 KM
The Hive, Luton £ 424,950BUY6 / 100.00 KM
The Hive, Luton City Centre £ 350,000BUY6 / 100.00 KM
The Hive, Luton City Centre £ 350,000BUY5 / 100.00 KM
The Hive, Luton £ 249,950BUY6 / 100.00 KM

Nearby Properties

AddressPriceDistance
20 Union Street £ 150,0000.08 KM
18 Union Street £ 75,0000.08 KM
31 Hibbert Street £ 118,0000.23 KM
55a Hibbert Street £ 125,0000.23 KM
6a Hibbert Street £ 183,0000.23 KM