Experience Invest Luton
- 10 Aug 2018
- Company News
Overview: Spotlight on Luton property investment
Voted the no.1 town for London commuters in 2018, Luton has emerged as a prime location for property investors who wish to secure strong capital growth potential and stable rental returns.
Here, Experience Invest explains the market fundaments that have propelled Luton into the spotlight, allowing the town to emerge as a UK property investment hotspot.
Strong capital growth potential
Property in Luton offers some of the strongest capital growth potential currently available on the market.
One of the reasons why Luton has proven to be lucrative to investors is the simple fact that property for sale in in the town remains at an affordable level. This allows buy-to-let investors to reduce their upfront Stamp Duty costs, as the entry level of property is much lower than its London counterpart.
Luton’s housing market has been one of the UK’s best performing since the global economic downturn. According to research conducted by HouseSimple, the average property price in the Bedfordshire town increased by 277% since 2000. This steady climb illustrates the strength of the local market and the future potential capital growth on offer.
Ranked as the 4th best buy-to-let postcode in LendInvest’s Q2 2018 index, investors are also attracted to the higher rental yields that are achievable in the town.
London commuter belt
Located 30 miles north of London, Luton is one of the capital’s best-connected commuter belt towns. Just 22 minutes by train to London King’s Cross and the M25 and M1 a short drive away, Luton has emerged as an easily accessible location for city workers.
As more people leave London in search of affordable housing, demand for property in the Bedfordshire town has risen. Now is the time for property investors to capitalise on the undersupply of property and secure strong rental returns.
£1.5 billion worth of private investment framework
Luton is currently undergoing a £1.5 billion transformation that will boost the town’s economy and will create over 18,500 new jobs over the next 20 years. Due to the town’s ongoing success as a business, travel and leisure destination, it is thought that additional private investment will follow.
Continued investment in Luton and the creation of new jobs is set to increase the demand for high-quality property, especially in the buy-to-let sector.
Experience Invest Luton
Experience Invest first pinpointed Luton as a property hotspot in 2012. Since then, three developments have been completed and two projects are in the pipeline.
To date, across the three projects, Experience Invest has paid over £5 million worth of rental returns since the first property was completed in 2014. Investors are enjoying receiving their passive rental returns from their fully managed property.
With over 800 rooms completed and paying returns to investors, many happy investors are now receiving their passive, assured income from a fully managed property investment.
Luton buy-to-let investment
Following the success of Experience Invest’s student accommodation developments in Luton, Experience Invest launched New Bedford House early in 2017. The residential development sold out in record time and many investors missed out on their opportunity to secure an apartment in the project.
To answer to demand for one and two bedroom from investors and renters, Experience Invest launched its latest residential property investment, Imperial Square, in 2018.
For a limited time, buyers can secure an exclusive 20 per cent early investor discount on a high specification apartment within the development however, this offer is restricted to units purchased at the earliest stage of the investment.