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68 Wellington Street, LU1 5AA
£525,000 Offers over
Bedrooms
Bathrooms
Reception
BLOCK OF FLATS AVAILABLE FOR SALE ON HASTING STREET IN LUTON. My-Estate are proud to offer 4 X 1 bedroom flats on Hasting Street which is just under a minutes walk to Luton Town Centre, local amenities, and a couple of minutes drive away from J10 of the M1.
Location
This block of flats on Hasting Street benefits from its proximity to Junction 10 of the M1 motorway, and the M25 motorway Junction 6A is located 12 miles from Luton. Luton has regular rail services to London and the Midlands and offers a choice of three separate railway stations being Luton Parkway Airport, Luton and Leagrave. A typical train journey from London to Luton will take approximately 30 minutes.
Interior
The interior layout of each flat is great in size and very welcoming! First two flats are facing the main road which are ground floor flats which both have open plan kitchen dining area which is large in size along side with large double bedroom. Following on the property there are basements to each flat where you will find your large kitchen with bathroom. Behind the rear of the property which has private access along the side of the building, you will walk through a walk way which will give you access to a further two other flats. You will be greeted by each one of these flats on the first floor of the building which also over looks front of the building with large bedrooms, large living room and a very moderately sized bathroom. On the first floor of these flats you will find large bedrooms on each flat which is the depth of the flat so is quite large. Kitchen of each flat are also good in size with fitted units and white goods.
All flats are carpeted throughout the property along with gas radiators and combi boilers.
Below are figures of each rental flat and what is being achieved:
42A Hasting Street - 625.00
42B Hasting Street - 625.00
44A Hasting Street - 650.00
44B Hasting Street - 675.00
Note to potential buyers this is a perfect opportunity to buy as ALL flats are currently rented and the building is returning 2575.00 per month or annually 30,900.
Exterior
The building from the outside is very nice and has a very modern look with street parking. Permit holders for parking only which can be provided by local council.
Additional Information
Luton is a vibrant, multicultural and cosmopolitan community. Here are some of the facilities Luton has to offer: Museums, Theatre and Cinema Complex, Biggest European Carnivals also the Town Centre which has a wide variety of shops and markets which is minutes away. Close to Local Amenities.
For further information on the above flat please contact My-Estate and ask for Richie the Sales Manager.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
68 Wellington Street, LU1 5AA
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