1-bedroom flat · LU1 5FT
Sold STCListed 270 daysAuction 30 Apr · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Under the Hammer online auction on Thursday 30th April 2026. Head over to our website to download the legal pack, register to bid and see more information.
A long lease studio apartment situated within the purpose-built Opto Village development in Luton producing £7,560 PA The property comprises a well-arranged studio room and bathroom, with access to various communal areas such as cinema room, on site gym and laundrette The property is sold with a tenant in situ, currently paying £630 pcm (£7,560 PA) We have been advised of the following lease information: (please refer to legal pack) Lease term: 239 Years remaining (approx) Service charge and ground rent: please refer to legal pack Located at Spring Place, the apartment is well positioned for Luton town centre, local shops, cafes, and amenities, with convenient access to public transport links, Luton Station, and major road connections Here's what to do next Visit - Our website and view the auction terms.
View - Book a viewing directly through our website. Register - Get registered prior to the auction opening date. Legal Pack - Download and view the legal pack to find out all the relevant information.
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Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
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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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.
Area
Agent & docs
FAQ
About Flat 304 Block A, Spring Place, 4 Dumfries Street, Luton, LU1 5FT
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