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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 **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 one-bedroom flat is being sold by auction on August 13th, 2025, and is expected to fetch 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 needs some improvement but has a potential gross rental yield of up to 16% and an expected monthly rental value of up to £900 after works are carried out. The property features an open-plan lounge/kitchen, separate bedroom with an en-suite shower room, and a communal entrance. It also has a C-rated EPC, which is higher than average. The sale includes vacant possession, and the buyer will be required to pay an administration charge and premium charge. The property is being sold via a live-streamed auction, and interested buyers can register to bid and view legal documents on the auction house's website.