1-bedroom flat · LU2 8DA
Listing removedListed 212 days
Opportunity summary
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About
*STUNNING NEWLY BUILT SECOND FLOOR RETIREMENT APARTMENT * INDIGO RESIDENTIAL are offering for sale this very modern one bedroom second floor retirement apartment which has a long remaining lease in superb condition throughout.
Comprising of a large entrance hallway, bathroom, lounge/diner, kitchen and double bedroom with fitted wardrobes.
DESCRIPTION : his block briefly comprises of a secure entrance into the communal lounge.
The apartment has a front door opening into the spacious entrance hall with door opening into a large storage cupboard.
The large lounge/diner has been carpeted and boasts double glazed French doors opening into the Juliet Balcony.
The Kitchen has fitted eye and base level units with integral fridge, freezer and oven/hob. The large double bedroom has been carpeted along with fitted wardrobes and double glazed windows.
The bathroom has been fully tiled and boasts a walk in double shower cubicle and a white suite.
This over 60s apartment block has its own house manager and has regular activities should you should you wish to participate.
Local shops are just a short walk away with excellent bus routes to the town centre and Hitchin.
There are extra in-house facilities including, communal lounge, kitchen area, laundry room, guest suite for visitors, security cameras, emergency call system, lifts, and allocated parking spaces.
The building was constructed by McCarthy & Stone in 2012 and there are appx 111 years remaining on the lease with service charges appx £285 per month and a ground rent of £425 per annum.
EPC - TBC COUNCIL TAX BAND - B Communal Entrance Communal Lounge Entrance Hall Lounge/Diner 23' 4'' x 10' 9'' (7.12m x 3.28m) Kitchen 7' 2'' x 9' 2'' (2.2m x 2.8m) Bedroom One 14' 10'' x 9' 2'' (4.54m x 2.8m) Shower Room W/C
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 Olympic Court, Stopsley, Luton, Beds, LU2 8DA
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