1-bedroom flat · LU1 5BP
Sold STCListed 52 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** FOR SALE BY LIVESTREAM AUCTION WEDNESDAY 19TH AUGUST 1.00 PM ** GUIDE PRICE £50,000 TO £60,000 ** VIEWINGS BY APPOINTMENT (NEXT SLOT) SATURDAY 15TH AUGUST 11:00 AM TO 11:30 AM ** IDEAL INVESTMENT THAT MAY GENERATE A 17% TO 20 % GROSS RENTAL YIELD (within the Guide Range).
This ground-floor maisonette could be an ideal investment opportunity, conveniently located close to Luton train station and the town centre.
The property benefits from a long lease, with approximately 112 years remaining.
Internally, the accommodation comprises a modern open-plan lounge/kitchen featuring a good range of fitted units and integrated appliances, a separate bedroom, and a contemporary fully tiled shower room.
Additional features include double glazing, a high-pressure hot water system, access to a communal yard, and residents' permit on-street parking. Offered with vacant possession.
REGISTER TO BID AND VIEW LEGAL DOCUMENTS, PLEASE VISIT OUR WEBSITE: auctionhouse.co.uk/bedsandbucks Acomodation - Entrance - Front door to open plan to lounge Lounge/Kitchen - 5.33m x 3.51m (17'6 x 11'6) - Double glazed window to front, laminate flooring, under stairs storage area.
Kitchen Area - kitchen area with a range of modern high gloss units, stainless steel sink unit, integrated oven, hob, filter hood, fridge freezer and washing machine.
Bedroom - 3.00m x 2.54m (9'10 x 8'4) - Double glazed window to front, laminate flooring.
Shower Room - 1.91m x 1.55m (6'3 x 5'1) - Modern suite with shower cubicle, sink unit, WC, extractor fan and tiled walls Outside - Communal Yard - Small communal yard to front leading to front door Parking - Resident on street permit parking zone Lease Details - 125 year lease with 112 years remaining, ground rent of £300 PA and recent service charge shown as £2308 PA (2025/2026).
Please review the legal pack for more information.
Services - No appliances or services have been tested Council Tax - Band A Luton Council Price Information - *Guides are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.
Buyers Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).
Buyers Premium Charge - The purchaser will be required to pay a buyers premium charge of £1800 (£1500 plus vat) How To Get There - From the M1 southbound, take Junction 10 and follow the A1081 (London Road) towards Luton Town Centre.
Continue for approximately 2 miles, then bear left onto Castle Street. At the roundabout, take the exit onto Crescent Road, then turn left onto Dumfries Street. Doisa220626sa0394 -
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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