CONTENTS: INTRODUCTION - ASHFORD, KENT - BATH, SOMERSET - BECKENHAM, KENT - BEDFORD, BEDFORDSHIRE - BILLERICAY, ESSEX - BIRMINGHAM CITY CENTRE, BIRMINGHAM - BOURNEMOUTH, SUSSEX - BRENTWOOD, ESSEX - BRIGHTON, SUSSEX - CAMBRIDGE, CAMBRIDGESHIRE - CANTERBURY, KENT - CARDIFF, WALES - CHELMSFORD, ESSEX - CLEETHORPES, LINCOLNSHIRE - COLCHESTER, ESSEX - EPPING, ESSEX - GRANTHAM, LINCOLNSHIRE - GREAT YARMOUTH, NORFOLK - GUILDFORD, SURREY - IPSWICH, SUFFOLK - KETTERING, NORTHAMPTONSHIRE - KINGS LYNN, NORFOLK - LEICESTER, NORTHAMPTONSHIRE - LIVERPOOL CITY CENTRE, LANCASHIRE - LUTON, BEDFORDSHIRE - MANCHESTER, LANCASHIRE - MILTON KEYNES, BEDFORDSHIRE - NORWICH, NORFOLK - OXFORD, OXFORDSHIRE - PETERBOROUGH, CAMBRIDGESHIRE - READING, BERKSHIRE - ROMFORD, ESSEX - SOUTHEND-ON-SEA, ESSEX - ST ALBANS, HERTFORDSHIRE - STANSTED, ESSEX - SWINDON, BERKSHIRE - WELWYN GARDEN CITY, HERTFORDSHIRE - WISBECH, CAMBRIDGESHIRE
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| Category: | B | |||||||
| Investor Profile | Pension, Business, University, Downshifter and Cash&Equity | |||||||
| Population aged 15+: | 138,028 | |||||||
| Actual | National Average | |||||||
| Percentage Class ABC1: | 48% | 44% | ||||||
| Crime: | Violence | Sexual | Burglary | Motor | ||||
| Per 1000 population | 13 | 1 | 10 | 10 | ||||
| Yield Range: | 5.6% - 9.4% | |||||||
| Price Ranges | Low £ | Hi £ | Low £pw | Hi £pw | Low | Hi | ||
| Flats&maisonettes | 52,000 | 78,000 | 94 | 127 | 8.5% | 9.4% | ||
| Terraced | 80,800 | 121,200 | 144 | 195 | 8.4% | 9.3% | ||
| Semi-detached | 105,600 | 158,400 | 143 | 201 | 6.6% | 7.0% | ||
| Detached | 144,800 | 217,200 | 174 | 235 | 5.6% | 6.2% | ||
| Valuations above the national average by: | 0% | |||||||
| Actual | National Average | |||||||
| Capital growth last 12 months: | 24% | 18% | ||||||
| Capital growth last 5 years: | 97 | 80% | ||||||
| Large employers in the area: | Many | |||||||
| Demand For Letting: | Excellent | |||||||
| Average void period: | 1 week | |||||||
| Total (out of 10) | Capital Growth (out of 5) | Yield (out of 5) | ||||||
| Out of 10: | 7 | 3 | 4 | |||||
| Summary: | Fast growing and expanding airport that can only spell long term potential for the town. | |||||||
| Description: | Luton is the economic generator for Bedfordshire and surrounding counties. It is set to consolidate its current successes and to develop new opportunities for businesses and jobs, because it has all the main ingredients for future success. It has an excellent transport infrastructure. More and more passengers, especially business passengers, are choosing to use the airport (6.5m passengers in now compared to 1.9m passengers five years ago. There is access to the M1 and the M25 and there is an excellent rail service - London Luton Airport Parkway. The journey to Kings Cross takes less than 30 minutes and there are up to 11 trains every hour to the capital. A free shuttle bus takes passengers to and from the terminal. The airport is a huge generator of employment in the area and it will be a magnet for businesses--not only airport-related businesses, but the corporate headquarters that are moving to towns such as Luton. This is good news. Prudential Insurance has invested millions of pounds in refurbishing the Arndale centre, which is the main shopping centre. The refurbishment has increased the centre's attractiveness to shoppers and has led to new retail outlets setting up there. Vauxhall has invested its money in Luton, preferring to stay there rather than move to other European locations. There are over 12,000 students at the University Of Luton and there is limited student accommodation provided by the university so there is good demand for private properties. The university welcomes landlords to approach them with their listings. | |||||||
| Mainline railway station: | 35 minutes to Kings Cross Thameslink | |||||||
| Road Access: | Main access A6 & M1 35 miles north of Central London 2 miles from M1 | |||||||
| Local Newspaper | Luton News & Dunstable Gazette 01582 700600 | |||||||
| Estate Agents: | Name | Address | Tel | Web | ||||
| Derek Wood Residential | 599 Hitchin Road Stopsley Luton LU2 7UW | 01582 31502 | ||||||
| Burlingtons Estate Agents | 5e Riddy Lane Luton LU3 2AD | 01582 580500 | www.luton-properties.com | |||||
| Taylors Estate Agents | 27 George Street Luton LU1 2AF | 01582 456622 | ||||||
| Kirkby & Diamond | 1 Union Street Luton LU1 3AN | 01582 738866 | ||||||
| Nu Concept Estate Agents | 54 New Bedford Street Luton LU1 1SH | 01582 420202 | ||||||
| Hartwell Estate Agents | 34 Wellington Street Luton LU1 2QH | 01582 729000 | ||||||
| Letting Agents: | Name | Address | Tel | Web | ||||
| Lenwell Property Services | 8, Wellington St Luton Bedfordshire LU1 2QH | 01582 616263 | www.lenwell.com | |||||