Development details

A former government office building is being transformed into a new vibrant place to live in the centre of Luton. 

Park Crescent residential development is just 400 metres from Luton Rail Station and is adjacent to The University of Bedfordshire Luton campus. The four storey building boasts 39 beautifully designed, high specification, one bedroom and studio apartments.The ground floor is set aside for commercial purposes.

At a glance

Location

Luton, Bedfordshire

Apartment types

Studios and 1-beds

Expected rental yield

Up to 6%

Total number of units

39

Price range

From £148,000

Completion date

March 2017

Facilities and features

Figures suggest that property prices in the South East of England are increasing at a faster rate than in the Capital as the demand to live in commuter towns surrounding London soars.

The International Business Times rated Luton in the top five of the UK’s highest growth areas and recent research suggests that Luton is seeing rents increase at four times the rate as London, as rental growth in the city is pushing people out towards commuter belts.

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Why invest

In 2015, house prices in Luton increased by an impressive 18.5%, with the price of an average semi-detached house increasing by £40,000 since the previous year. Average rents in the area increased to £722, which was an impressive increase of 10.4% from 2014.

Luton is a failsafe area for Buy-to-Let investors to look into with house prices predicted to climb by an astounding 41% over the next five years.

Luton is set to become a new commuter belt hotspot and a residence at Park Crescent offers an exceptional opportunity to add to your Buy-to-Let portfolio.

  • £200 million plan for tube-style transport link to Luton Airport

  • Luton is a large town located in Bedfordshire, 30 miles north of London and 22 miles south of Milton Keynes.
  • Luton is also home to the University of Bedfordshire, this outstanding academic facility boasts over 24,000 students.
  • The Luton International Carnival - the largest one day carnival in Europe - attracts visitors from all over the world.
  • Luton Airport is the fifth busiest airport in the UK
  • Direct rail links take you from Luton to London in just 23 minutes, making the town attractive to both the local people and increasingly those wishing to leave London to commute to and from the Capital with ease.
  • Other attractions neighbouring Luton include:Whipsnade Zoo, The Chiltern Hills, Dunstable Downs, Someris Castle and Woburn Safari Park.

Interested? Get in touch

+44 (0)207 016 9904
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