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1 bedroom maisonette for sale
Biscot Road, Luton
£48,000
Biscot Road, Luton
£48,000
Our Summary
- ** FOR SALE BY LIVE NATIONAL AUCTION TUESDAY 28TH JANUARY 1PM ** BID ONLINE, BIDS OPEN FOR 24 HOURS** VIEWINGS BY APPT ****UP TO A 20 % GROSS RENTAL YIELD
- In need of general decoration and improvement, but offered chain free and with vacant possession
- With some improvement this property should generate around £800 PCM in rent, making it an exceptional buy to let prospect
- 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 maisonette is located in the heart of Luton, close to public transport and amenities. The property requires general decoration and improvement, but offers a great opportunity for a buy-to-let investor or first-time buyer. With an open plan living and kitchen area, shower room, and communal patio and lawn, it has the potential to generate a 20% gross rental yield. The property comes with a 99-year lease, resident car park, and is being sold chain-free with vacant possession. With some improvement, it could be a great first home or a lucrative investment opportunity. The guide price is £140,000, and bidders can participate in the live national auction on January 28th or bid online for 24 hours prior.