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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 ON Sat 26 Jul14:00-14:45 ** 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 local amenities, and is being sold at auction with a guide price of £50,000 to £60,000. The property is currently an on-going investment with a tenant and AST in place from June 2025, generating £550 per month and offering a gross yield of up to 13%. The studio flat features a larger than average room 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 auction will be held live-streamed, and interested buyers must register to bid and view legal documents on the auction house's website.