1-bedroom flat · LU2 9SY
Listing removedListed 393 days
Opportunity summary
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About
***GREAT BUY TO LET OR FIRST TIME BUY INVESTMENT*** CHAIN FREE accommodation benefiting from close to local amenities benefiting from ALLOCATED PARKING.
DESCRIPTION: Internally the property briefly comprises an entrance hall with stairs rising to the first floor.
Lounge, kichen comprising a range of wall and base units, inset sink unit, built in oven, hob and extractor and space for all appliances.
There is a double bedroom and bathroom comprising of a bath with shower over, wash hand basin and WC. Externally there is allocated parking and front garden.
55 year lease remaining ground rent is £151.87 per annum with no service charge. Layham Drive is located off Raynham Way in the sought after Wigmore Hall area of Luton.
Ideally just a few minutes walking from Luton Airport, ASDA and other local amenities. This is an ideal purchase for first time buyers and buy to let investors alike. EPC rating TBA.
Entrance Hall Lounge 13' 8'' x 10' 5'' (4.18m x 3.19m) Kitchen 9' 8'' x 6' 7'' (2.96m x 2.03m) Bedroom 13' 11'' x 8' 0'' (4.25m x 2.46m) Bathroom 8' 3'' x 6' 8'' (2.52m x 2.04m) Allocated Parking
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 Layham Drive, Wigmore, Luton, Bedfordshire, LU2 9SY
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