Leagrave Road, Luton
ES

Leagrave Road, Luton

By Esquire Estates

£ 500,000

Reviews

2 out of 5 stars

Esquire Estates says ..

Esquire Estates are pleased to offer for sale this excellent investment opportunity to purchase a commercial unit, one bedroom flat with freehold in the popular Leagrave Road area of Luton. The retail unit and flat is currently rented and generating a good rental yield and briefly comprises; entr...

Property Oracle says ..

This property in Luton, located on Leagrave Road in the Biscot area, is listed for £500,000. It comprises a one-bedroom flat above a commercial unit. The listing emphasizes its potential as an investment opportunity due to the current rental income generated. The images reveal a property in relatively fair condition but needing some updating and modernizing. The interior finishes are dated, and some minor repairs appear necessary. The flat itself is small and compact, lacking any apparent garden or outdoor space. The surrounding area includes a mix of commercial and residential buildings. Positive aspects include its proximity to various schools and relatively good transport links to Luton train station. However, the location may not be considered the most premium in Luton, and this needs to be considered in the overall assessment. The lack of square footage data for the property and comparables prevents a definitive conclusion on the property’s value. The £500,000 price tag seems high, especially considering the need for renovations, unless the value is heavily based on the rental income generated by the combined commercial and residential units.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
6
Land
1
Bedrooms
1
Bathrooms
1

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 £
Average area rental value
1,250.00 £/mo
Decreased by 11.54 %
from 1,413.00 £/mo
Est rental Yield
12.66 %
Increased by 84.82 %
from 6.85 %
Crime Rate
7.00 %
Unchanged by 0.00 %
from 7.00 %

Agent Activity

  • Esquire Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
Mehria Primary SchoolOther Independent SchoolRequires improvement0.22 KM
Flying Start Central Children'S CentreChildren's Centre0.24 KM
Beech Hill Community Primary SchoolCommunity SchoolGood0.24 KM
Active Support Education CentreOther Independent Special SchoolGood0.30 KM
Olive Tree Primary SchoolOther Independent SchoolRequires improvement0.40 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Beech Path £ 245,00000.00 KM
Lincoln Road £ 000.00 KM
Mansfield Road £ 350,00000.00 KM
Ascot Road £ 000.00 KM
Marlow Avenue £ 220,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Luton1536LUT2.08 KM
Leagrave1534LEA3.49 KM
Luton Airport Parkway3645LTN4.35 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Ridings, Luton £ 150,000BUY5 / 100.09 KM
The Ridings, Luton £ 290,000BUY5 / 100.09 KM
The Ridings, Luton £ 130,000BUYUnknown0.12 KM
The Ridings, Biscot Mill, Luton, Bedfordshire, LU3 1BY £ 130,000BUY6 / 100.14 KM
The Ridings, Luton £ 290,000BUY6 / 100.14 KM

Nearby Properties

AddressPriceDistance
156 Leagrave Road £ 285,0000.00 KM
148 Leagrave Road £ 230,0000.00 KM
152 Leagrave Road £ 87,0000.00 KM
154 Leagrave Road £ 88,0000.00 KM
57a Leagrave Road £ 130,0000.07 KM