We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom maisonette · LU1 3PF
Listing removedListed 254 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Service charge (For Leasehold tenure): £800 per year.
Ground Floor Maisonette | South Luton | 980 Year Lease | Chain Free | Allocated Parking Situated in the highly sought-after South Luton area, this well-presented one bedroom ground floor maisonette offers an excellent opportunity for first-time buyers and investors alike.
Ideally located within easy reach of Luton town centre, the university and mainline train station , the property combines convenience with strong rental appeal.
Offered to the market chain free , this home benefits from an impressive 980 years remaining on the lease , a low service charge , and a secure allocated parking space Currently achieving £900 pcm , it represents an attractive buy-to-let investment with immediate income potential.
Accommodation Entrance Timber door to front aspect leading to: Lounge – 4.05m x 3.39m (13'3" x 11'1") Bright and spacious living area with two double glazed windows to the front aspect, two electric heaters and carpeted flooring.
Kitchen – 2.36m x 1.26m (7'9" x 4'2") Fitted with a range of wall and base units, stainless steel sink, electric hob and electric oven.
Plumbing for washing machine, part tiled walls, lino flooring and double glazed window to side aspect.
Bedroom – 2.88m x 3.66m (9'5" x 12'0") Generous double bedroom featuring double glazed door and window to the rear aspect, electric heater and carpeted flooring.
Bathroom – 2.32m x 1.74m (7'7" x 5'9") Comprising WC, wash hand basin and bath, with part tiled walls, carpeted flooring and double glazed window to rear aspect.
Additional Benefits 980 year lease remaining Low service charge Secure allocated parking space Double glazing Electric heating Chain free Ideal buy-to-let or first-time purchase This is a fantastic opportunity to secure a conveniently located property in a popular residential area with long lease security and strong rental demand.
Early viewing is highly recommended. * Town Centre near to Railway Station * J10 M1 * Private Parking
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 140 The Foundry, Luton
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