Orion, Luton
Key Figures
£179,900Starting Price
6%Net Yield
Q2 2021Completion 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)