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

Key Figures

£179,900
Starting Price

6%
Net Yield

Q2 2021
Completion Date

Property Summary

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.

Property Specification

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.

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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)

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288 Bishopsgate, City of London, EC2M 4QP

Please note that One Touch Property is not authorised or regulated by the Financial Conduct Authority and as such is not permitted to offer financial or investment advice to UK resident investors, whether or not the intended investments are regulated or unregulated. We strongly encourage you to consult an FCA-authorised Independent Financial Adviser before committing to any form of investment. This is not an offer to participate in a collective investment scheme as defined in section 235 of the Financial Services and Markets Act (2000) and as such investors will not have access to the Financial Services Compensation Scheme or the Financial Ombudsman Service.

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