Imperial Square creates buy-to-let opportunities for investors in Luton
Although the housing market in the south of England has been very sluggish of late (and London itself has been particularly slow), there are exceptions to every rule and Luton is one of them. In fact Luton is thriving and hence there is a great need for it to update and expand its existing housing stock.
One of London’s key commuter towns
Luton has long been a destination of choice for people looking for affordable housing within convenient travelling distance of London.
The distance of 30 miles (50 km) can be covered by train in less than an hour (to London Bridge, less than half an hour to Kings Cross), which makes it favourably comparable with taking the tube to get from London’s outer zones to its inner ones.
Great onward connections to the rest of the UK and beyond
Luton has long had great transport connections with the wider UK thanks to its three railway stations, two railway operators and extensive long-distance bus service, which benefits from its proximity to major roads, including the M1 and the A6.
It has also been an air hub since 1938, long before the arrival of mainstream air travel, but it took until the 1990s for London Luton to become one of the UK’s key airports (in 2018 passenger numbers made it the UK’s fifth-busiest airport).
While the airport is probably most closely associated with budget airline EasyJet, it actually has a number of airlines operating out of it and serves an extensive range of UK-domestic and European destinations.
A vibrant local economy
In addition to being home to numerous commuters, Luton also has a vibrant economy of its own. It maintains its standing as a centre of industry and has expanded into the services industry, partly because of its famous airport and partly due to natural developments in the town.
It also hosts two of the three main campuses of the University of Bedfordshire, which naturally makes it a popular destination with students, increasing the demand for accommodation in the town.
All the attractions of a central location
The Imperial Square development is a 2-minute walk to Luton Shopping Mall, a 4-minute walk to the main campus of the University of Bedfordshire and an 8-minute walk to Luton station.
While Luton’s extensive and excellent public-transport network means that you can live there perfectly happily without a car, for those who do want (or need) to drive, London Luton airport is just 6 minutes away.
In addition to all the amenities of a major city centre, Imperial Square will have a number of on-site facilities to make life even easier and pleasanter.
In addition to the gym, there will be a club lounge, cinema room and dining room, together with a landscaped courtyard, car parking and bike storage. There will also be 24/7 CCTV, a secure-entry system and on-site management with a concierge.
Strong interest from off-plan buyers
In addition to all the attractions of the location and the development itself (which is scheduled for completion in Q4 2020), there is a 10% early-investor discount on the already-attractive prices, meaning that purchasers who move quickly can secure one of the 318 units for as little as £196,650.00. This buy-to-let investment is projected to deliver a generous 6% net rental return.
For more details about Imperial Square, please contact Hopwood House.