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See how verdicts work2-bedroom flat · LU1 2QH
Sold STCReduced £20k (−13.8%) on 18 SepListed 219 days
Opportunity summary
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About
***long lease in town centre - ideal investment*** L&D estate agents offer this large two double bedroom flat located right in the heart of Luton town centre making this an ideal investment opportunity with vacant possession and no upper chain complications.
As you walk though the communal entrance up to the first floor, you are greeted by the front of Flat 36B. There is a spacious entrance hall with large built in cupboard.
Through into the expansive open plan lounge/kitchen/diner with large double glazed window that floods the room with light.
The kitchen area has a range of fitted cupboards with built in oven and space for all the usual kitchen appliances.
There are two double bedrooms, both with built in wardrobes and have laminate flooring with electric radiators.
The bathroom is fitted with a white three piece bathroom suite with tiled walls & flooring and an airing cupboard.
Further benefits include double glazing and the big appeal is the town centre location, making this an ideal buy to let opportunity for any investment buyer.
Location: Wellington Street is located in the LU1 area of Luton close to the town centre which offers a highly convenient and well connected residential setting ideal for commuters and investors.
The area benefits from a wide range of nearby amenities including shops, supermarkets, cafés and The Mall, all within walking distance.
Families have access to several local schools such as Hillborough Infant and Junior, Dallow Primary and The Chiltern Academy, all situated within close proximity.
Transport links are a key feature with Luton railway station approximately 0.5 miles away providing fast services into London alongside numerous nearby bus routes and easy access to Luton Airport Parkway and the dart link for onward travel to the airport.
Overall, Wellington Street offers excellent connectivity and everyday convenience in a central Luton location.
Additional info: Council tax band - A EPC rating - D School catchments - hillborough primary & the stockwood park academy Total area 764 sq ft - 71 sqm Lease info: Appx 170 years remaining service charges & ground rent - appx £750 per annum Location First Floor Entrance Hall Wooden front door, built in cupboard, security answer phone system and laminate flooring Bathroom (3.08m x 1.73m) Three piece bathroom suite, airing cupboard housing the hot water tank, electric fan heater and tiled flooring Lounge/Diner (5.16m x 4.28m) Double glazed window to the rear aspect, two electric radiators and laminate flooring Kitchen Area (2.22m x 2.07m) Range of wall & base level units, inset sink unit, built in oven & hob, plumbing for washing machine, provision for dishwasher, space for fridge/freezer and tiled flooring Bedroom 1 (4.68m x 2.68m) Double glazed window to the side aspect, built in wardrobes, electric radiator and laminate flooring Bedroom 2 (3.62m x 2.95m) Double glazed window to the side aspect, built in wardrobes, electric radiator and laminate flooring
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.
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FAQ
About 36B, Wellington Street, Luton
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