Studio flat · LU4 9XG
Listing removedReduced £15 (−2%) on 27 AugListed 94 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Mantons lettings are pleased to bring to market this well appointed ground floor studio apartment located in the very sought after residential area of Lea Meadows.
Available to rent immediately for £775.00 per month. Allocated parking bay.
In brief the property comprises; Open-plan living/bedroom area with dressing/wardrobe room, kitchen with appliances & bathroom suite.
Contact Mantons Estate Agents to arrange a viewing or for further information.
Additional information EPC Rating E Council Tax Band A Available to rent immediately Deposit £890.00 (5 weeks rent) Holding deposit £178.00 (1 weeks rent) Unfurnished Client Money Protect Scheme (cmp) member number CMP005252 The Property Ombudsman (TPO) member number D12281 Location Coverdale is located in the popular 'Lea Meadows' development, constructed in the early 1990's.
Within walking distance are local convenient stores & schooling. Leagrave ThamesLink train station is within 1.4 miles & M1 junction 11 & 11a are both within easy reach.
Pirton Hill Primary & Lealands High are the school catchments.
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
We're still gathering serviced-accommodation data for this area.
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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 79, Coverdale, Luton
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