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  • Property-a-holics

    Luton vs Milton Keynes

    Hi - Yes Oxley and Kingsmead are very acceptable and pleasant areas to live . As an investment though they don`t excite me as much as some other areas  as they are fairly run of the mill . I don`t see anything there to accelerate the investment over and above the norm . But if you get one at  a good price and add value to it it will like anything does , hold its own,   so its not the area so much but the actual individual deal in that area  . But if you take that as a given anyway  then what i  I mean is , is there any additional  factor over the next 5 years which will make buyers say  I glad I got into Oxley in 2019 because look at it now .  I may be wrong and they may have something planned in the wings which i dont know about .

    That`s when the micro DD comes in and that takes time to research. But one thing for sure is that if a population doubles in 30 years there will always be winners and losers. Some areas will gain prominence  and prices and rents will rise above the long term average. Some areas though which may be shiny now will lose that shine if they become maybe too crowded and over developed or say a new school / shopping centre opens 5 miles away and starts to draw people away from what was previously a buzzing hub of activity .

    One thing i particular dislike about some of the new estates is the lack of adequate parking . They cram them in and make them 3 stories calling them 5 bed when really its a 3 bed with 2 add on rooms in the attic . But with them come extended families  with 3 /4 cars in tow so the pavements are used routinely for the spill over and the roads are narrowed as a result  and it makes everything  feel cramped . No room to extend or add value really so yes its a good routine solid investment  but aim for better

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    Jonathan Clarke. http://www.buytoletmk.com


    Hey Jonathan, all the above are pertinent points and relevant. I can see where you are coming from mainly the view that which areas would be in next 5-10 years a better 10x appreciation as compared to others. And you're right Oxley and Kingsmead are done not much expected in terms of change or improvements. Whereas the areas you mentioned above I can clearly see have massive scope for improvement and thus more possibility of 10x growth. I've my work cut out now and thank you very much for all your inputs and recommendations, very much appreciated. Regards AR

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    AR

    Excellent Post there JC - very helpful and insightful.

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    Stony Stratford is a lovely place to live. Bought a terraced two/three bed there ten years ago, did the place up and made 100k. The area isn’t like central Mk. More of a village feel. Towcester and Wolverton are decent areas too for prices.
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    Luton is Ok, I wouldn't dismiss it, Mk is getting expensive and once was cheaper than Luton, not much in it now

    My place in Luton is about 15 mins from train station and the service is quite good. The M1 being close to London helps as a lot of trades people work in London, certainly the tenants I've had.

    CG has slowed down quite a bit in Luton and I'd probably say MK as well. I purchased my 3 bed 5 years ago for £155k, now worth about £220k, nearly all of the CG was in the first 3 years, rents for £950 very easily, never had a void.

    Luton has its problem estates, but so does most large towns, some of the MK estates are certainly no better than Luton, just keep away unless the deal it too good.

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    Hey KLR, what part of Luton is that? what's your views on the area around the airport which has a lot of new development on. There's also speak about additional trains running to Luton parkway from 2021 when the new transit system is proposed to start.

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    AR

    The Dart train from the station to the airport is well under way.

    Luton airport rail station was a bit rubbish.

    Walk off the train and it's half mile up the road to the terminal and cannot really be walked, even if you wanted to.

    The Lu2On development next to parkway, on the old Vauxhall site, is looking good.
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    If you want an honest opinion on any area in Luton, let me know.

    Good areas to live and have BTL and conversely bad ones too, just like MK.

    Jonathan, please tell me your comment about the franchised football team in MK was a joke. Stadium MK should be called stadium MT, literally nobody there, even though they give away free tickets to schools miles away. ALLEGEDLY losing £10k per day. They will not be in the prem, they tried that and failed.

    Sticking with football, broadly, the new stadium in Luton and the Newlands Park development will raise the profile of Luton. Lots of other big projects on the go too. If the central rail station was sorted, it would make a huge difference. 25 mins to STP. Next stops Farringdon, London Bridge etc.

    As you may have guessed by now, I was born and raised in Luton. Still pretty close by and own a business in Luton.

    As I say, I won't tell you that the whole town is fantastic, it isn't. But let me know a road or area and I'll give my honest opinion. 

    MK is good for shopping, I wouldn't go into Luton town centre to shop, Newlands will hopefully change that. Plenty do shop in Luton,  horses for courses. But the issues Luton has are in MK too, like most places. I know a few people who live across MK and NP, they agree it's no 'better' than Luton.
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    ``Jonathan, please tell me your comment about the franchised football team in MK was a joke. Stadium MK should be called stadium MT, literally nobody there, even though they give away free tickets to schools miles away. ALLEGEDLY losing £10k per day. They will not be in the prem, they tried that and failed.``

    https://www.youtube.com/watch?v=11-p2SPnQWk

    There was a dream that was the premiership...it shall be realised


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    Jonathan Clarke. http://www.buytoletmk.com

    Hi Mate,

    You seem really knowledgable about Luton and was hoping you could advise me.

    I have a budget of £325k and am looking for a 3 bed house (preferably semi detached). Ive heard mixed opinions about Luton, I know there is a stigma attached to it but ive spoken to some people that say its not that bad and its about finding the right areas.

    Ive been told the good areas are on the east such as Leagrave, Limbury, Bushmead and Barton hills. Whilst on the west areas like Stopsley, Wigmore and Putteridge are nice. Wanted your opiniom whether the east side or west side near airport is better. And out of the areas i mentioned or any other you suggest i should consider. I have a 2 year old daughter so schooling and a safe family area are thw most important factors for me. I generally work from home but need to go into london from time so access to a train station would be a bonus.

    Milton keynes is also another option but its further from my parents who live in north London. But again do you have any opinions about MK aswel. Is it a better area to live in than Luton and is it perhaps worth the further distance.

    Thanks appreciate any advice Smile
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