1-bedroom flat · LU2 8DA
For saleReduced £5k (−3.8%) on 21 JunListed 547 days
Opportunity summary
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About
Summary Connells Stopsley present a one bedroom ground floor retirement living apartment, located in the sought after Putteridge area.
Olympic Court briefly comprises of an entrance hall, shower room, large storage cupboard, open plan lounge/diner, kitchen area and double bedroom with fitted wardrobes.
Description Connells Stopsley present a one bedroom ground floor retirement living apartment, located in the sought after Putteridge area.
Olympic Court briefly comprises of an entrance hall, shower room, large storage cupboard, open plan lounge/diner, kitchen area and double bedroom with fitted wardrobes.
The lounge/diner also has access via a a double glazed patio door to its own private paved garden.
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. Entrance Hall Door to front.
Lounge / Diner 18' 9" x 10' 8" ( 5.71m x 3.25m ) Double glazed window and door to side. TV & Telephone point. Electric heater. Electric fire.
Kitchen 7' 4" x 8' 6" ( 2.24m x 2.59m ) Fitted with wall and base units. Stainless steel sink drainer. Integrated appliances. Electric oven and hob. Cooker hood. Double glazed window to side.
Bedroom One 9' 3" x 15' 6" ( 2.82m x 4.72m ) Double glazed window to side. Fitted wardrobes. Electric storage heater. Telephone point. Bathroom Fitted with low level wc. Wash hand basin.
Shower cubicle. Heated towel rail. Fully tiled. Extractor fan. Outside Front Garden Communal Garden. Rear Garden Patio area. Lease details are currently being compiled.
For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 3, Olympic Court, Cannon Lane, Luton
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