2-bedroom flat · LU1 3DD
For saleListed 155 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Presenting a superb opportunity to purchase a two-bedroom apartment situated within the highly sought-after “The Academy” development in Luton.
Ideally positioned for commuters and professionals alike, the property offers excellent access to local amenities, leisure facilities, Junction 10 of the M1 motorway and Luton Parkway train station, all within a short distance.
The property offers spacious and well-proportioned accommodation throughout, comprising a welcoming entrance hall leading to a bright and airy open plan living/kitchen area with access to a private balcony/patio area.
The kitchen is well laid out with ample storage and workspace. Both bedrooms are generous doubles, with the principal bedroom benefiting from its own en suite shower room with basin and toilet.
A family bathroom completes the accommodation. The property also benefits from an intercom entry system, secure underground parking and lift access to all floors.
The property is currently tenanted and can be purchased with the tenant in situ, making it an attractive investment opportunity.
However, notice has already been served to the tenant, meaning the property can also be sold with vacant possession if preferred. Estimated achievable rent is between £1,200–£1,300 PCM.
Lease information: Ground rent: £390.52 per annum. Service charge: £3,085.95 per annum. Leasehold: Approximately 115 years remaining. EPC rating: B.
Tenure: Leasehold, Length of lease (remaining): 104 years 7 months,
Value & comps
No previous sales on record.
Returns
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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 Holly Street, Farley Hill, Luton, LU1
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