1 Bedrooms Flat for sale in John Street, Luton LU1 | £ 149,995

Property Description

Draft Details Plot 51

The Development:

The Elms is the latest exciting development to be built by gps Estates and offers 53 brand new contemporary, private residential apartments. There are 32 one bedroom apartments, 16 two bedroom apartments and 1 studio apartment within the development, with a large proportion having access to a service lift. All the units will include flooring, integrated
cda kitchen appliances to include oven, hob and extractor, dishwasher and fridge/freezer. Furthermore, some of the apartments will also benefit from Juliet balconies giving additional natural light to the space and a built in storage cupboard. The shower room is to include white sanitary ware, a vanity unit, a screened walk-in shower and tiled feature wall. The development will also include a communal bike storage area, refuse areas and will further benefit from communal landscaped gardens to the rear aspect. For extra peace of mind, the building comes with a 10 year NHBC build guarantee. Ready now!

Location:

Luton, once the home to a substantial millinery industry, is now a bustling metropolis
featuring a large shopping centre and indoor market. John Street is very well placed
for commuters being only a few minutes walk away, with train services available either
from Luton mainline station or slightly further afield at Luton Parkway station. Both
stations provide regular access to London, St. Pancras with some fast trains reaching
their destination in under 30 minutes. There are numerous car parks in close proximity to the development and the site is also well positioned for the University of Bedfordshire which brings students in from around the UK and Europe. The Carnival Arts Centre is also near to the development together with a new £46 million state-of-the-art University library which opened last year.The main shopping area in Luton is centred on The Mall which has in recent years undergone major reconstruction and redesign work, it is located within a few minutes walk of the development and features a new square which is used for leisure events and numerous new food restaurants and retail outlets. Luton has a wealth of leisure activities and amenities available including the David Lloyd Sports centre at nearby Capability Green, Stockwood Park with its golf course and of course it is home to "The Hatters" - Luton Town fc. The town also has easy access to the Chiltern countryside with its vast outdoor spaces of National Trust land including Dunstable Downs, which is home to Whipsnade Zoo, the London Gliding Club and the Icknield Way Path. Luton was mentioned in a recent Sunday Times report as one of the most profitable areas for landlords together with the employment hotspot of Milton Keynes which is only just over a 1/2 hour drive down the road.

Approx. Distances:
Town centre 0.2 miles (walking distance)
Luton Station 0.2 miles (walking distance)
(First Capital Connect/St Pancras International 30 minutes)
Luton Airport 2.7 miles Harpenden 6.7 miles St Albans 12.1 miles
London 35 miles M1 (J10) 1.2 miles

Accommodation

The 1 bedroom apartment, located in a separate block at The Elms John Street Luton, comprises of: Entrance hallway with doors leading to the open plan kitchen/lounge/diner with an attractive fully fitted kitchen units and built in cda appliances including electric oven/hob and extractor; fridge/freezer; dishwasher & washer/dryer; stainless steel sink/drainer with chrome mixer tap and work surface. Also leading from the hallway there are doors to the shower room: The shower room is to include white sanitary ware, vanity unit, screened walk-in shower and tiled feature wall. The bedroom is of good proportions with tv and electrical points. Furthermore, flooring will be included throughout the apartment. Visitor's entry to the building is via a secure entry phone system. A shared staircase leads to this and apartment and the upper floor. Outside is to be landscaped to the rear aspect, and there will be communal storage for bicycles and refuse. For extra peace of mind the building comes with a 10 year NHBC build guarantee. Ready now!

Leasehold: 125 Years

Ground Rent: Studio / 1 Bedroom Apartments: Approx. £250.00 per annum
2 Bedroom Apartments: Approx. £300.00 per annum

Service Charges: Studio / 1 Bedroom Apartments: Approx. £700.00 per annum
2 Bedroom Apartments: Approx. £750.00 per annum

Help 2 Buy Scheme: This scheme will be available on selected plots, subject to Terms &
Conditions and availability.

Expected Rentals:
Some plots offer gross yields in excess of 6%, and monthly estimated rents will vary from
plot to plot, with a guide for anticipated rents as below:
1 Bedroom rents from £800 to £900 pcm - 2 Bedroom Rents from £1000 to £1200 pcm

Disclaimer:
The specification detailed is to be used for guide purposes only, it does not form part of any agreement and could be subject to change at the builder's discretion. Should you wish clarification on any point regarding this, please enquire prior to reservation fees being paid.
This agreement constitutes the entire agreement between the parties and supersedes and extinguishes all previous agreements, promises, assurances, warranties, representations and understandings between them, whether written or oral, relating to its subject matter.
Any dates given for completion are estimated and subject to change depending upon the builder's schedule.
If you choose to use one of Sell New's preferred financial brokers/solicitors/surveyors, please be aware that we may be eligible for an in introduction fee from them.

Should you wish clarification on any of the above points, please ask prior to reservation fees being paid.

Viewing strictly by appointment only - please contact our office to arrange a viewing: Selecting Option 1 for Winston or Select option 5 for Tom)

The Next Step!

Please note that before a property can be reserved, Sell New Ltd will require a copy of a prospective purchaser's id, proof of deposit, residing address and mortgage agreement(*).
A reservation fee of £1,000.00(**) is payable in order to reserve a plot, which can be paid via bacs directly to ourselves as agents, or by cheque made payable to the relevant developer. Contracts will be required to be exchanged 28 days from the receipt of the draft contract.
(*) It will be necessary to get you qualified by a financial mortgage advisor prior to any reservation being made, if you do not already have a mortgage "in principal" agreed.
(**) £500.00 if purchasing under the Help 2 Buy Scheme

Property Location

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