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1 bedroom apartment for sale
Holly Street, Luton
£120,000
Our Summary
- ** FOR SALE BY AUCTION ON WEDNESDAY 30th APRIL 2025 COMMENCING AT 1PM ** SALE VIA A LIVE-STREAMED AUCTION ****GUIDE PRICE £120,000+ ** VIEWINGS BY APPT **This town centre located one bedroom ground floor flat would be an ideal property to add to your buy to let portfolio, with a potential annual rental income of £12,000 providing an attractive gross yield
- In need of general decoration and improvement, but comes with the benefit of a lease term in excess of 100 years and a keen auction guide price
- Call Auction House Beds and Bucks now to find our more information and book a viewing by appt
- 68m (7'8 x 5'6) - With full size bath, sink unit, WC, heated towel rail and part tiled wallsOutside - Communal Gardens - With raised patio area and steps down to a lawned areaParking - We understand the property benefits from undercover residents parking, but this needs to be verified via the auction legal pack for guidance for clarificationLease & Service Charges - The lease term has approx 106 years remaining, GROUNT RENT £390
- 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
Description
This one-bedroom ground floor flat is located in the town centre and is ideal for a buy-to-let investment, with a potential annual rental income of £12,000 and a gross yield of 10%. The property requires general decoration and improvement, but benefits from a lease term of over 100 years and a keen auction guide price. The flat features a modern open-plan layout, a covered balcony from the living area, and is within easy reach of the town centre and transport links. The property is in need of some TLC, but offers a great opportunity for an investor or first-time buyer to create a comfortable and stylish home.