Icon Hotel, Stuart Street, Luton

Under Offer
£10,000,000
  • Ref: 1000_RS0613
  • Type: Detached House
  • Availability: Under Offer
  • Bedrooms: 103
  • Bathrooms: 103
  • Reception Rooms: 103
  • Tenure: Freehold
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Property Summary

Luton, LU1 2SA OIRO £10m
Development of 102 Apartments & 6 Commercial units.
GDV £35,000,000 Conversion & New Addition

Full Details

1.Property Market Overview: Luton has experienced a significant increase in property prices and rental demand over the past decade. The town's convenient location, good transport links, and proximity to London have contributed to its popularity among commuters and investors.
2.House Prices: The property market in Luton has generally seen an upward trend in house prices. Over the years, factors such as housing shortage, increased demand, and various regeneration projects have influenced price growth. It is important to note that specific areas and property types within Luton may have their own unique price dynamics.
3.Rental Demand: Luton has a strong rental market due to its commuter-friendly location, presence of several major employers, and a large student population from the nearby University of Bedfordshire. The demand for rental properties, both for long-term residential purposes and student accommodation, has remained high.
4.Rental Prices: The rental prices in Luton can vary depending on factors such as property size, location, condition, and amenities. In recent years, rental prices have generally increased, reflecting the growing demand for rental properties in the area. The type of property, such as apartments, houses, or HMOs (Houses in Multiple Occupation), may also impact rental rates.
5.Investment Opportunities: Luton has attracted the attention of property investors looking for favorable rental yields and potential capital appreciation. The town's ongoing regeneration projects, including the development of Luton Airport, improved infrastructure, and the planned arrival of the Luton DART (Direct Air to Rail Transit), have further increased interest in the area.
It is important to note that real estate markets can be subject to fluctuations, influenced by various factors such as economic conditions, government policies, and local developments. To obtain the most accurate and up-to-date information regarding property prices and rental demand in LU1 2SA or any specific area in Luton, it is advisable to consult with local estate agents, property experts, or conduct thorough research using reputable sources and databases specialized in property market analysis.

Tenure: Freehold