1-bedroom flat · LU2 8DA
For saleListed 460 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bright and spacious one bedroom first floor apartment within Olympic Court, a popular mccarthy stone retirement development offering excellent communal facilities including landscaped gardens and communal lounge where social events take place.
**Entitlements Advice and Part Exchange available - speak to your Property Consultant for more information** Olympic Court Olympic Court has been designed and constructed by award winning McCarthy & Stone.
It provides secure independent living specifically for those aged 60 years and above. The dedicated House Manager is on site, Monday to Friday to take care of the running of the development.
There’s no need to worry about the burden of maintenance costs as the service charge covers the costs of all communal areas, including the homeowners lounge and laundry room, 24 hour emergency call and security systems, external maintenance, grounds maintenance, water rates and buildings insurance.
For your peace of mind, the development has CCTV door entry and 24 hour emergency call systems, should you require assistance. Lifts to all floors.
The Homeowners lounge and communal gardens provide a great space to socialise with new friends and family and the Development Guest Suite with en-suite is available for your guests for only £25 per night.
Directly outside the development is a bus stop providing regular services to Luton, Stevenage And Hitchin.
Entrance Hall Front door with spy hole leads to the entrance hall where the 24 hour Tunstall emergency call and security door entry systems with intercom and smoke detectors are located.
Doors to the walk-in storage cupboard with water boiler, shower room, bedroom and reception room Reception Room A bright and spacious lounge benefitting from French doors which allow lots of natural light and also open up to a Juliet balcony overlooking the front elevation.
The room offers space for dining (as per photographs) and has a feature fire place which is an attractive focal point within the room.
There are TV and telephone points (Sky/Sky+ connection points available), two light fittings and raised height power points. Part glazed door leads to separate kitchen.
Kitchen Modern fitted kitchen with a range of base and wall units. The front facing window with blind is situated above stainless steel sink with mixer tap and drainer.
Mid level built in electric oven with space above for a microwave. Four ring ceramic hob with tiled splash back and chrome cooker hood. Integral fridge & freezer.
Central ceiling lights and ceramic floor tiles. Bedroom Double bedroom with window providing views over the front elevation. Built in wardrobe featuring sliding mirrored doors.
There are TV and telephone points, light fitting and raised height power points.
Shower Room A modern shower room with large shower cubicle with glass siding door and grab rail, WC, vanity unit wash hand basin and fitted mirror with built in light.
Shaver point, wall mounted fan heater and ceiling lighting. Full height wall tiling and ceramic floor tiling.
Service Charge • Cleaning of communal windows • The cost of employing your House Manager • Water rates • Electricity, heating, lighting and maintenance to all communal areas • 24 hour monitored emergency call and security system • Exterior property maintenance to all external areas • Repairs and maintenance to the interior and exterior communal areas • Upkeep of garden and grounds • Contingency fund including internal and external redecoration of communal areas • Buildings insurance It does not include your Council Tax, apartment electricity or TV licence.
To find out more, please contact your Property Consultant or the House Manager on site. The annual service charge for this property is £3,414.78 for year ending 31/03/2026.
Check out benefits you may be entitled to. Car Parking Permit Parking is by allocated parking space subject to availability. The fee is currently £250 per annum.
Permits are available on a first come first served basis Lease Information Lease: 125 years from the 1st Jan 2011 Ground rent annual fee: £425 Ground rent review: 1st Jan 2026 Moving Made Easy & Additional Information Moving is a huge step, but don’t let that hold you back.
We have a range of services to help your move go smoothly, including: • free Entitlements Advice to help you find out what benefits you may be entitled to that can assist with service charges or living costs.
• Part Exchange service to help you move without the hassle of having to sell your own home. • Removal Services that can help you declutter and move you in to your new home.
• Conveyancing specialists who are experienced with sales and purchases of McCarthy Stone retirement properties.
For more information check our webpage additional services or speak with our property consultant • Fibre to the Cabinet & Copper Broadband • Mains water and electricity • Electric room heating • Mains drainage
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 21 Olympic Court, Cannon Lane, Luton
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