Property for Sale

Land at New Bedford Road

Guide Price £750,000

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Key Features

Approved Planning Permission to erect a six storey block of flats
Direct Links to Central London in under 40 minutes

Located in Close Proximity to Luton Town Centre
Close Proximity to University of Bedfordshire

Full Description

Venture Residential are pleased to present this outstanding development opportunity. The Land benefits from approved planning permission to erect a block of flats comprising of 11 high specification apartments. Please refer to the reference 21/00074/FUL on the Luton Borough Council Planning website for further information.

Once built, the property will comprise of seven 2-bedroom flats, three 3-bedroom flats, a 4-bedroom flat, bike storage and landscaping completed to a high standard. Located in close proximity to Luton Town Centre, the University of Bedfordshire, and Luton Train Station, these flats are likely to attract young professionals who commute into London

We estimate that once built, the sale price for the flats will be between approximately £240,000-£325,000 giving a Gross Development Value (GDV) in the region of £2.9 million.

Please note there is an affordable housing provision (for 2 flats) and a s.106 attributable to the development (for circa £100,000).

Contact us at Venture for more information and to arrange a viewing.

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