>
Studio flat for sale
Luton
£50,000
Luton
£50,000
Our Summary
- ** FOR SALE BY AUCTION ON WEDNESDAY, 13th AUGUST 2025 COMMENCING AT 1PM** SALE VIA A LIVE-STREAMED AUCTION ** GUIDE PRICE £50,000 to £60,000 ** VIEWINGS BY APPT **This ground floor studio flat is located close to the Town Centre and local amenities and is presented to auction as an on-going investment with a Tenant and AST in place from June 2025 generating £550 PCM which translates to a Gross Yield of up to 13 %, making this an attractive proposition
- 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 ground floor studio flat is located close to the town center and is being sold at auction with a guide price of £50,000 to £60,000. The property is currently let out to a tenant under an assured shorthold tenancy agreement, generating £550 per month, which translates to a gross yield of up to 13%. The flat features a larger than average studio space with a communal entrance, lounge/bedroom, separate fitted kitchen, and separate shower room. The property also benefits from a 995-year lease from 1987 and a peppercorn ground rent. The buyer will be required to pay an administration charge and a premium charge. Viewings are by appointment only, and registration to bid and viewing of legal documents can be done on the auction house's website.