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Park Crescent

  • United KingdomEnglandLuton
  • 631508
  • 06.06.2017 17:16:49
  • 17.02.2031 11:23:48
  • 436
  • Sale
  • 1
Description:

Park Crescent residential development is just 400 metres from Luton Rail Station and is adjacent to The University of Bedfordshire Luton campus. The four storey building boasts 42 beautifully designed, high specification, one bedroom and studio apartments. The ground floor is set aside for commercial purposes. The exterior is being completely remodelled with the introduction of new windows and doors and the whole facade covered in an intricate system of insulated coloured renders.

* Located In Luton

* Only 23 Minutes From London

* Only 10% Deposit Required

* Now Complete

* 1 Bedroom Apartments Available

Why Park Crescent?

Park Crescent is a modern, four-storey building in the heart of Luton`s town centre. Refurbished from a former government building, the development is situated in a prime location minutes from the train station offering quick and easy access to Central London, The Mall Luton and the University of Bedfordshire Luton campus as well as being within great proximity to world famous - Luton Airport.

Park Crescent Highlights:

- Studio and one-bedroom apartments in a modern, high-specification development
- Located half a mile from Luton Rail Station which offers access to St Pancras in 23 minutes; Faringdon in 35 minutes; Blackfriars in 45 minutes
- 6-minute drive to Luton Airport
- Adjacent to the University of Bedfordshire Luton campus
- Sizes range from 317 to 522 square feet
- Leasehold 250 years
- Completed property
- Mortgage friendly
- Estimated rental yields of up to 6% per annum
- Starting from £180,479

Why Luton?

Figures suggest that property prices in the South East of England are increasing at a faster rate than in the Capital as the demand to live in commuter towns surrounding London soars.
The International Business Times rated Luton in the top five of the UK's highest growth areas and recent research suggests that Luton is seeing rents increase at four times the rate as London, as rental growth in the city is pushing people out towards commuter belts.

In 2015, house prices in Luton increased by an impressive 18.5%, with the price of an average semi-detached house increasing by £40,000 since the previous year. Average rents in the area increased to £722, which was an impressive increase of 10.4% from 2014.

Luton is a failsafe area for Buy-to-Let investors to look into with house prices predicted to climb by an astounding 41% over the next five years.
Luton is set to become a new commuter belt hotspot and a residence at Park Crescent offers an exceptional opportunity to add to your Buy-to-Let portfolio.

Property in Luton is in incredibly strong demand as families and commuters target its relatively affordable homes due to its close proximity to London. The Office for National Statistics recorded record growth of 21.8% in 2016, the second highest house price growth in the whole of the UK.

                             

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