>
1 bedroom apartment for sale
Flats 2 and 5 Rana Court, 46 London Road, Luton LU1 3UQ
£295,000
Flats 2 and 5 Rana Court, 46 London Road, Luton LU1 3UQ
£295,000
Our Summary
- For sale on 27 November 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- An excellent investment opportunity to purchase 2 apartments in a recently built block of 14 apartments, all of which have been finished to a very high standard
- Both flats comes with 10 year new home build warranty by ABC+ and offer further potential to extend above (STPP) The lease from 2021 was set at 250 years and each flat has a service charge of £1,700 pa, which includes building insurance
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- Auction: 27
- Investment opportunity to purchase Flats 2 and 5 of Rana Court
Description
This is an investment opportunity to purchase two apartments in a newly built block of 14 apartments, all of which have been finished to a high standard. The apartments, numbers 2 and 5, generate a yearly rental income of £27,360, offering a gross return of 9.2% against the guide price. The property is located with excellent transport links to central London and has local amenities nearby. Each apartment has one secure parking space, a shower room, and a double bedroom, lounge/dining room, and kitchen. The lease is for 250 years, with no ground rent, and a service charge of £1,700 per annum. The property also has a 10-year new home build warranty and potential to extend above subject to planning permission. The auction will take place online with live auctioneers, and bidders can register to participate by proxy, online, or by phone.