Tag: renting property
Buying or selling a property in Luton?
by chet on Nov.12, 2008, under Luton Property
Buying Property
Thinking of purchasing a property in Luton? The main benefit of the Luton property market is the value for money and close links with London. The town’s house prices are also lower than the surrounding towns and can be a good choice for first time buyers.
Rental Property
The town offers a range of rental accomodation from numerous flats in and around the town centre and houses from 2-4 bedrooms both in the town and suburbs. One bed flats in the town centre can be rented from around £575/mth and 3 bed houses in the suburbs for around £850/mth.
Property Investment
With property prices declining, why buy a property now? An investment property is essentially an asset that generates you revenue from rental income. With property prices falling faster than rental income, the property investment becomes more attractive. You do however need to ensure that rental rates will continue to increase over the coming years.
Luton is an attractive location as property prices are relatively low compared to neighbouring towns such as Milton Keynes and St. Albans. With strongs air links to Europe and significant government spending in the town on revamping the town centre, motorway links, train station and the ex vauxhall site known as Napier Park, demand for rented accomodation is strong in Luton.
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