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For Sale 1 Bedroom 1 Bathroom 1 Reception From £175,000

Luton Street, Luton, LU1 - From £175,000

  • Investment opportunity
  • New Residential Apartments
  • Prices From £175,000 - £235,000
  • Within London's Commuter Belt
  • 23 Minutes to St Pancras Station

LATIMER PLACE | APARTMENTS FROM £175,000

238 luxury one and two bed apartments set over three blocks in the heart of Luton. Luton is one of the fastest growing areas for business & regeneration and is within the London commuter belt. This high specification development is Via Developments Plc's newest release with prices starting from £175,000.

Luton is a vibrant town benefiting from substantial investment and direct links to central London. Its close proximity to the capital makes it a hotspot for commuters. As a major regional employer, Luton Airport employs over 8,600 staff complemented by a new business park, which has attracted high-quality blue chip companies. The town centre features a premier indoor shopping centre, The Mall, which attracts more than 20 million shoppers a year to Luton?s many popular high street and independent stores. Luton is also home to a first-class educational establishment, the University of Bedfordshire which boasts a new L34 million centre & has over 15,600 students in its four campus locations situated under a mile away from Latimer Place.

LOCATION

* 9 Minutes walk to Luton Station - 3 rail stations serve Luton providing fast connections across the UK.

* 25 minutes from St Pancras station and Eurostar

* 8 minutes drive from the M1

LUTON PROPERTY STATISTICS

* 19.4% rise in property prices in 2016 making Luton the UK's number 1 property investment hotspot.

* Luton prices expected rise by 41% in the next 5 years. (Source: Savills)

* Luton will receive a further L1.5 billion of investment over the next 20 years, creating just over 18,000 jobsfrom major developments which will include a new stadium for Luton FC a 7-mil sq. ft. Hilton Hotel and a major town centre regeneration project.


INVESTMENT OVERVIEW

* 1 & 2 Bedroom Apartments From £175,500

* Parking Available at Additional Cost

* 23 Minutes to St Pancras Station

* Lease length 250 Years

* Ground Rent £350.00

* Service Charge £1,000.00 to £1,300.00

* Completion Est Q4 2019

PAYMENT PLAN

* £2,500 deposit

* 10% on Exchange (Minus initial deposit)

* 15% Three months after exchange

* 75% Remaining balance payable on completion
...Read Less

The Stamp Duty for this property would be £1,000    (Show break down) (Hide break down)

Purchase price bands (£)Percentage rate (%)SDLT due (£)
Up to 125,000 0 £ 0
Above £125,000 and up to £250,000 2 £ 1,000
Above £250,000 and up to £925,000 5 £0
Above £925,000 and up to £1,500,000 10 £0
Above £1,500,000+ 12> £ 0
*This is for illustrative purposes only

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