We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · LU1 5AH
Sold STCListed 200 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** SOLD SUCCESSFULLY AT AUCTION BY AUCTION HOUSE BEDS & BUCKS ** ** GROUND FLOOR MAISONETTE CLOSE TO LUTON TRAIN STATION ** This excellent-value ground floor maisonette, offered for auction, presents an ideal investment opportunity.
It benefits from a long lease with approximately 106 years unexpired and offers the potential to achieve up to a 13% gross rental yield at the guide price.
Requiring some updating, the property would make an ideal light refurbishment project for either resale or a medium- to long-term rental investment.
The property extends to over 400 sq ft and features a modern open-plan layout.
This opportunity is further enhanced by its excellent central location, strong local demand, and achievable rental values in the region of £800–£850 per month for comparable properties TO REGISTER TO BID AND VIEW LEGAL DOCUMENTS, PLEASE VISIT OUR WEBSITE: auctionhouse.co.uk/bedsandbucks Accomodation - Entrance - With front door to Open Plan Lounge/Kitchen - 5.38m x 3.05m (17'8 x 10'0) - Lounge Area - Dual aspect with double glazed windows, laminate flooring, open to Kitchen - With a range of fitted wall and base units, sink unit, space for appliances, tiled splashbacks Hallway - Laminate floor, door to shower room, door to Bedroom - 3.61m x 3.05m (11'10 x 10'0) - Double glazed window, laminate floor Shower Room - Tiled walls, window to side, shower cubicle, sink & WC Outside - Parking - On street permit parking Lease Details - With an unexpired term of 106 years.
With a ground of £100 PA subject to review in 2032.
SERVICE CHARGES: Our client has been unable to provide this information to us because they are an Asset Management Company with limited knowledge of this property.
Because of this we are unable to provide figures relative to the current charges applicable to this property.
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 £3000 (£2500 plus VAT) How To Get There - From Junction 10 of the M1 motorway take the exit onto the A1081 signposted for Luton and continue straight, following signs for the town centre.
Stay on this road as it becomes New Airport Way, then London Road, heading towards central Luton, follow signs for the ring road and continue onto the A505.
At the roundabout, take the exit toward the town centre, then follow signs for Wellington Street. Turn onto Wellington Street. Doisa/0904Sa -
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.
Area
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FAQ
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