1-bedroom flat · LU3 3QY
Let agreedReduced £50 (−4.5%) on 13 OctListed 15 days
Opportunity summary
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About
Spacious Top-Floor Maisonette With Communal Parking – Spear Close, Luton A well-presented and generously proportioned top-floor maisonette , situated within an established residential development in Luton.
Offering bright and practical accommodation, the property would make an excellent home for professionals, couples or a small household looking for comfortable accommodation with the added benefit of communal parking The property is approached via the communal areas and occupies the top floor , providing a good degree of privacy.
Internally, the accommodation is neutrally presented with plenty of natural light and a practical layout.
The living room is a particularly good-sized space, with a large window allowing plenty of daylight into the room.
Neutral décor and wood-effect flooring provide a simple, versatile finish, leaving plenty of room for both lounge and dining furniture.
The fitted kitchen provides a useful range of white wall and base units complemented by dark work surfaces.
There is a stainless-steel sink positioned beneath the window, an electric cooker with hob, and useful worktop and storage space.
A fridge freezer is also present at the property and will be gifted to the tenant , meaning it is provided for the tenant’s use but does not form part of the landlord’s ongoing repairing or replacement obligations.
The bathroom is fitted with a white suite and includes a WC, wash hand basin and separate shower enclosure.
The room benefits from extensive tiled walls, a window providing natural light and ventilation, and useful shower storage.
The maisonette also offers comfortable bedroom accommodation , with the overall layout providing a practical home for everyday living.
Externally, residents have the benefit of communal parking , providing convenient off-road parking within the development.
The property is positioned in a residential part of Luton with access to local amenities and transport connections.
Key features include: top-floor maisonette; spacious and bright living room; fitted kitchen with electric cooker; bathroom with separate shower enclosure; neutral décor; wood-effect flooring; double glazing; communal parking; and fridge freezer gifted to the tenant.
Important appliance information: The fridge freezer currently at the property is gifted to the tenant It is not included as part of the landlord’s fixtures and fittings, and the landlord will not be responsible for its repair or replacement should it develop a fault.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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 74 Spear Close, Luton, Bedfordshire
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