Description:

One Bedroom Apartment, Park Crescent
Property Description
This spacious one bedroom property is situated on the second floor of the brand new Park Crescent residential development in Luton town centre, just metres from Luton train station.
Now available for investment purchase, the apartment is finished a high standard and is expected to benefit from demand from students, first time buyers and young professionals commuting into the capital. The apartment is sold with a 10 year warranty and a 250 year lease, with up to 70% LTV available, subject to status.
The Park Crescent development is just 400 metres from Luton Rail Station, which means central London is accessible within less than 30 minutes. As such, the apartment is forecast to generate up to 6% rental yields p.a. due to its prime position.
This property is located in an attractively remodelled former government office with commercial space on the ground floor and 3 storeys of residential properties. It is the location, design and high-quality finishes that are set to attract high demand from renters.
With the town's current affordability, improvements to local transport links and nearby educational institutions, Luton is fast becoming a destination choice for companies, families and commuters. This has driven rental demand in the area, with rates increasing 10.4% in the period 2014 - 2016.
With a £1.5bn vision for Luton unveiled in 2016, the city is expected to see the second-fastest rate of house price growth in England and Wales, at 41% by 2019 according to Oxford Economics; providing investors with substantial capital appreciation potential.