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1 bed flat
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Description
The property is located in the Luton Station area, close to the town centre and mainline rail services to London. It is let on a 10-year full repairing and insuring (Fri) lease, with approximately 7 years remaining, earning approximately £12,500 per year at a 10% net yield. Rent reviews occur every 2 years.
The property benefits from a hands-off investment with all maintenance, management, and operational responsibilities handled by the housing association. All costs, including ground rent, service charge, and maintenance, are covered within the lease, providing a true net return without typical expenses.