1-bedroom maisonette · LU1 2EE
Listing removedReduced £5k (−3.6%) on 21 JunListed 245 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Elms, Johns Street, Luton Penrose are pleased to offer this exceptional opportunity to own a stunning one bedroom flat in the sought-after Elms development.
This property boasts an enviable town centre location, making it the perfect choice for those seeking a vibrant and convenient lifestyle.
With excellent transport links, including being situated opposite Luton Train Station, commuting to work or exploring the city couldn't be more convenient.
As you step into this delightful flat, you are welcomed by your own front door, providing a sense of privacy and independence.
The property offers a chain-free purchase, ensuring a smooth and hassle-free buying experience.
With over 100 years remaining on the lease, you can enjoy the peace of mind that comes with a long leasehold. Once inside, you will be amazed by the deceptively spacious layout.
The living areas seamlessly integrate with the kitchen, creating a spacious hub of the home.
This clever design not only encourages interaction and socializing but also allows for a more inclusive and contemporary way of living.
The flat is tastefully decorated and well-presented throughout, creating an inviting and comfortable atmosphere.
Its neutral colour palette provides a blank canvas for you to add your personal touch and create your dream home. The bedroom is generously sized and offers a calm sanctuary for relaxation.
It benefits from ample natural light, ensuring a bright and airy ambiance. The bathroom is modern and stylishly designed, complete with all necessary fixtures and fittings for your convenience.
This property’s location benefits from its proximity to numerous amenities and attractions.
From trendy cafes and restaurants to boutique shops and supermarkets, everything you need is just a short walk away.
The vibrant town centre also offers a variety of entertainment options, including cinemas, theatres, and leisure facilities.
For those who love the outdoors, there are plenty of green spaces nearby, including parks and gardens, perfect for unwinding or enjoying a leisurely stroll.
The Elms also offers excellent transport links, making it easy to explore the surrounding area or commute to work. Contact Penrose today to arrange a viewing and not to avoid disappointment.
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 Flat 52, The Elms, Luton
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