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1 bedroom apartment for sale
Dumfries Street, Luton
£65,000
Dumfries Street, Luton
£65,000
Our Summary
- ** FOR SALE BY AUCTION ON WEDNESDAY, 13th AUGUST 2025 COMMENCING AT 1PM** SALE VIA A LIVE-STREAMED AUCTION ** GUIDE PRICE £65,000+ VIEWINGS BY APPT ON Sat 26 Jul15:00-15:45 ** This excellent value 1st floor one bedroom flat is a must see for the investors
- In need of some improvement but with a GROSS RENTAL YIELD of up to 16 % and an expected monthly rental value of up to £900 (after works are carried out) it could be a very attractive purchase that can have value added with decorative attention
- Offered with vacant possession and by auction for a fast and easy process
- 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 1st floor one-bedroom flat is being sold by auction on August 13th, 2025, with a guide price of £65,000+. The property is located in a prime rental area with high demand and benefits from a long lease term with 114 years remaining. The flat requires some improvement, but with a gross rental yield of up to 16% and an expected monthly rental value of up to £900, it could be a lucrative investment opportunity. The property features an open-plan lounge/kitchen, separate bedroom with an en-suite shower room, and communal entrance. With a C-rated EPC, it is higher than average, and vacant possession is being offered for a fast and easy process. Viewings are available by appointment on July 26th, and registration to bid and view legal documents can be done on the auction house's website.