Description

FOR SALE – FREEHOLD BLOCK & INCOME-PRODUCING FLATS

Tracey Court, Hibbert Street, Luton, Bedfordshire, LU1 3XH
Guide Price: £1,400,000

Property Overview

A rare opportunity to acquire a freehold residential block investment in Luton, comprising a purpose-built block arranged over ground and three upper floors. Tracey Court features 20 self-contained flats, along with 7 garages and off-street parking, providing multiple income streams.

The sale includes the freehold interest plus 8 individual flats (3 x two-bedroom and 5 x one-bedroom units), offering immediate rental income and long-term potential.

The freehold generates ongoing ground rent and service charge income from the remaining flats, with potential additional income from future lease extensions, making this an attractive long-term investment.

Flats Included in the Sale

Two-Bedroom Flats (£175,000 each)

• Flat 9 – 48 sqm
• Flat 12 – 52 sqm
• Flat 15 – 52 sqm

One-Bedroom Flats (£135,000 each)

• Flat 16 – 32 sqm
• Flat 17 – 30 sqm
• Flat 18 – 37 sqm
• Flat 19 – 31 sqm
• Flat 20 – 30 sqm

Additional Features:

• Freehold ownership of the block
• 7 garages included with potential rental income
• Off-street parking
• Service charge and ground rent income
• Potential lease extension premiums

Location

Tracey Court is located on Hibbert Street, close to the centre of Luton, approximately 31 miles north of London. The property benefits from excellent transport links, including:

• London Luton Airport – minutes away
• Luton Railway Station – direct trains to London St Pancras in 25–30 minutes
• M1 Motorway – Junctions 10 & 11 for easy road access

The area has strong rental demand driven by commuters, airport employment, and affordability compared to London, making it an attractive location for investors.

Investment Highlights

• Multiple income streams from flats, garages, and ground rent
• Rare freehold block opportunity
• Potential for capital growth in a commuter hotspot
• Established rental market with long-term tenant demand

This is a rare chance to acquire a substantial freehold asset with multiple income streams in a high-demand area of Luton.

For further information contact:

Sam Bains 07850520642 or Sabbi Bains 07894414046

Summary

Freehold residential investment at Tracey Court, Luton. Includes 8 flats (3 x 2-bed, 5 x 1-bed), 7 garages, off-street parking, ongoing ground rent/service charge income, and potential lease extension premiums. Excellent commuter links and strong rental demand.