To answer to the high demand for London commuter belt property, Experience Invest has launched its first residential investment in Luton.
London commuter belt property
Commuter towns with fast transport links into London, a good infrastructure and reasonable property prices have emerged as a natural choice for investors and buyers.
Luton is one town which has real potential for those looking to reduce the cost of living but wish to continue working in London.
Research from the National Housing Federation has shown that the average monthly rent in London stands at £1,727. When compared to Luton, where the average rent is £779.48 (Landbay), it is clear to see why so many London workers have considered moving out of capital to save money.
What’s more, the cost of owning a home the Bedfordshire town is also substantially lower when compared to buying property in London. The average cost of buying a property in Luton currently stands at £212,004 (Rightmove) – almost half the amount of buying in the capital.
Experience Invest’s new opportunity, New Bedford House, is in an ideal position for commuters who wish to work in the city but not pay the expensive price tag of renting or owing a property in London.
New UK property investment
With almost 800 new-build student rooms built in Luton since 2011, Experience Invest a leading provider of property investments in the town.
And now, after successfully providing 3 high-quality student projects, Experience Invest has turned its attention to Luton’s residential property market.
With functionality and space at the core of its design, New Bedford House comprises 54 stunning one and two bedroom apartments.
The development boasts a prime town centre location and is just a 3-minute walk from Luton Train Station, which operates a 22-minute fast train into central London.
Buyers are able to secure a long, 250-year lease on a high-specification apartment which is currently available with an exclusive 15% early investor discount.
“New Bedford House offers something for all areas of the property market. The development is perfect for first-time buyers, for parents who wish to give their children a helping hand onto the property market and for those looking for a lucrative buy-to-let investment.
“As more and more London workers see the value in moving outside the capital, investors are able to take advantage of Luton’s rising appeal as a commuter belt location,” Jerald Solis, Acquisitions and Business Developer of Experience Invest explains.
Rising property prices
Data released by Rightmove has indicated that property prices in Luton could climb 41% between 2016 and 2019. Read more…
Apartments within New Bedford House are available with an exclusive 15% early investor discount which will help increase capital growth potential throughout construction.
Investors can purchase a one bedroom apartment from £153,000 and two bedroom apartments are available from £208,250.
As there are just 54 apartments for sale in this development, investors are urged to act quickly to ensure they do not miss this property investment opportunity.
For more information about investing in London commuter belt property or to request the investment brochure, simply email firstname.lastname@example.org or call +44 (0)207 834 1113.