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See how verdicts workStudio flat · LU1 1RN
Listing removedListed 233 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nova Estate Agents are delighted to present this chain-free maisonette, newly renovated and finished to a modern standard throughout.
Ideally situated in Luton Town Centre, it is within easy walking distance of Luton Train Station, making it a perfect option for commuters, first-time buyers or investors.
Available to cash buyers only, the property benefits from an approximate 85 year lease, with a combined service charge and ground rent of just £500 per annum.
For investors, the expected rental income is around £750 per month, offering an attractive yield.
The accommodation includes a communal entrance leading into a bright lounge/bedroom area, a modern kitchen, a refurbished shower room and access to a communal outdoor space.
Located on Cardigan Street the property is moments from The Mall, the University of Bedfordshire and has excellent access to J10 of the M1, making it an exceptionally convenient and well connected place to live.
*Sale by tender*
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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.
Area
Agent & docs
FAQ
About Cardigan Street, Luton
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