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See how verdicts work1-bedroom flat · LU1 5AL
Sold STCListed 59 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 £70,000 TO £80,000 ** VIEWINGS BY APPOINTMENT (NEXT SLOT) SATURDAY 15TH AUGUST 11:30 AM TO 12:00 PM ** ** OFFERED WITH THE FULL FREEHOLD & GARDEN ** UP TO 15 % POTENTIAL GROSS RENTAL YIELD ** This superb value ground floor flat is ideally located close to Luton town centre and benefits from the rare inclusion of the freehold title for the entire building and rear garden.
Offering excellent scope for extension (subject to the necessary planning consents), this property presents a fantastic opportunity to add value.
The accommodation comprises an entrance hall,19ft open-plan kitchen/living room, one bedroom, and a shower room. Further benefits include double glazing and central heating throughout.
With improvement the property should command a rent of around £900 PCM which would be a 13-15 % gross yield within the guide range.
Offered with vacant possession, this property would make an ideal investment or rental opportunity in a highly sought-after letting area.
TO REGISTER TO BID AND VIEW LEGAL DOCUMENTS, PLEASE VISIT OUR WEBSITE: auctionhouse.co.uk/bedsandbucks Accomodation - Communal Entrance - With door leading to entrance hall, the property is on the ground floor Entrance Hall - Tiled floor, door to bedroom, open doorway to Lounge/Kitchen - 5.84m x 2.34m (19'2 x 7'8) - Two double glazed windows, door to garden, fitted units, stainless steel sink unit, space for appliances, tiled floor, radiator, wall mounted gas boiler, door to shower room.
Bedroom - 3.45m x 3.40m (11'4 x 11'2) - Double glazed window to rear, radiator.
Shower Room - 2.34m x 1.24m (7'8 x 4'1) - Double glazed window to rear, corner shower cubicle, WC, sink unit and heated towel rail Outside - Rear Garden - Good size enclosed private rear garden, PLEASE NOTE THE GARDEN IS ON THE INLCUDED FREEHOLD TITLE BEING SOLD WITH THE PROPERTY.
Parking - On street resident permit parking with free limited time parking for visitors within specified hours as per road signage. Lease Details - The current lease term has 70 years unexpired.
THE PROPERTY IS BEING SOLD WITH INCLUSION OF THE FULL FREEHOLD TITLE OF THE BUILDING, the seller advises it is not subject to ground rent and service charges, please refer to the legal pack for verification.
Services - No appliances or services have been tested Council Tax - Luton, Band A 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 £2400 (£2000 plus vat) How To Get There - From the M1 southbound, leave at Junction 11 for Luton, then take the 3rd exit onto the A505/Dunstable Road toward Luton town centre.
Continue straight for about 2 miles, follow signs for the town centre, then turn left onto Castle Street and continue onto Manchester Street.
Turn right onto Stanley Street, which is just off the town centre area in Luton. Doisa0705sa0365 -
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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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