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2 bed flat
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Price History
Our Summary
- * Residential investment opportunity
- The freehold generates ongoing ground rent and service charge income from the remaining flats, with potential additional income from future lease extensions, making this an attractive long-term investment
- ________________________________________ Flats Included in the Sale Two-Bedroom Flats (£175,000 each) * Flat 9 - 48 sqm * Flat 12 - 52 sqm * Flat 15 - 52 sqm One-Bedroom Flats (£135,000 each) * Flat 16 - 32 sqm * Flat 17 - 30 sqm * Flat 18 - 37 sqm * Flat 19 - 31 sqm * Flat 20 - 30 sqm Additional Features: * Freehold ownership of the block * 7 garages included with potential rental income * Off-street parking * Service charge and ground rent income * Potential lease extension premiums ________________________________________ Location Tracey Court is located on Hibbert Street, close to the centre of Luton, approximately 31 miles north of London
- ________________________________________ Investment Highlights * Multiple income streams from flats, garages, and ground rent * Rare freehold block opportunity * Potential for capital growth in a commuter hotspot * Established rental market with long-term tenant demand ________________________________________ This is a rare chance to acquire a substantial freehold asset with multiple income streams in a high-demand area of Luton
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Description
Tracey Court is a purpose-built block of flats arranged over four floors, located on Hibbert Street in Luton. The property features 20 self-contained flats, including 8 individual flats for sale, 7 garages, and off-street parking. The flats for sale include 3 two-bedroom units and 5 one-bedroom units, ranging in size from 30-52 square meters.
The property also includes a freehold interest and generates ongoing income from ground rent and service charges from the remaining flats, with potential for additional income from future lease extensions and garage rentals.