Buy to Let Property

Orion, Luton

From: £179,900
Completion Q4 2020
No ground rent applicable
circa 6% rental yield
One and two bedroom apartments available

Luton Town Centre Buy to Let | Property for Sale in Luton

Orion is a new buy to let investment opportunity in Luton town centre.

The Orion is a buy-to-let investment opportunity consisting of 67 one-and-two-bedroom apartments starting from £179,900. Luton is one of the fastest growing towns in terms of property prices, and by the time the development is completed in Q4 2020 prices are due to elevate to £202,308. This means there is room for capital growth before the development has even been completed as property in the town is in such high demand.

Key Figures

Starting Price

Net Yield

Q2 2021
Completion Date

Investment Details

Orion – Luton town centre buy to let: investment fundamentals

  • One-and-two-bedroom apartments available
  • Completion Q4 2020
  • Prices from £179,900 for a one-bedroom apartment
  • Two Bed £232,900
  • Priced 10% below comparable homes on the market
  • No ground rent applicable
  • Luton town centre location
  • High demand
  • circa 6% rental yield

About the town of Luton

Luton is the most affordable London commuter town and there are 615 trains running between Luton and London every day. The fastest route takes just 22 minutes into London St Pancras, making London fast and convenient to reach. Not only does it boast excellent travel links to London, the city itself is also dramatically improving. In 2016 a £1.5billion programme was announced to improve the town over the next twenty years. The improvements include a new football stadium and housing, a revamped shopping centre and 70 acres of commercial space. As the town becomes more desirable and people are being priced out of London, there is certainly room for capital growth, and the town as experienced the beginnings of that already.

Why invest in Luton buy to let?

Luton has an overall average house price of £261,124 making it one of the most affordable commuter towns for London, the affordability has increased its appeal as house prices have increased by 13% since 2016. Comparing that to London where the average is £727,767 and prices have only increased by 5% since 2016 and you can understand why people are choosing to invest in Luton where prices are lower but rising at a more rapid pace.

Luton’s population is also increasing at a faster rate than they are building houses in the town; with approximately 430 houses being built a year yet needs 1417 houses to be built to meet demand. This means that there will be increased pressure on existing housing which will have a positive effect on rental yields. Contact us today to learn more about this Luton buy to let opportunity or other buy to let opportunities across the UK.

The Numbers

Ground Rent:0

Number of Units: 1 and 2 bedroom apartments over 10 Floors

Service Charge:£1.30 per sq foot

Prices: 1 Bedroom- £179,900 & 2 Bedroom- £232,900

Leasehold:999-year leasehold ownership (Virtual Freehold)

Luton Railway Station
The Mall Luton
500 Capability Green Business Park
London Luton Airport
Hillborough Junior, Infant and Nursery School
University of Bedfordshire

A stunning residential town centre development, comprising of 67 spacious 1 and 2 bedroom apartments. The development lies within close proximity of the mainline station, accessible by a short walk making it the ideal location for commuting to London. With significantly lower living costs, Luton has seen a huge rise in popularity for both living and investing. This urban convenience is ideal for professionals looking to enjoy living and working in this continually expanding town.

1 Bedroom Plan

  • Reservation Deposit - £5,000.00
  • Exchange within 28 days - 10% due minus reservation deposit- £12,990.00
  • 20% Stage payment due Q2 2020- £35,980.00
  • Completion 70% payment due Q4 2020- £125,930.00

2 Bedroom Plan

  • Reservation Deposit- £5,000.00
  • Exchange within 28 days- 10% due minus reservation deposit- £18,290.00
  • 20% Stage payment due Q2 2020- £46,580.00
  • Completion 70% payment due Q4 2020- £163,030.00

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If you are considering buying investment property, it starts with a conversation. If we understand what you are looking for we are in a better position to help you achieve your goals and save you time by recommending the most suitable property.

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