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1 bedroom flat for sale
Biscot Road, Luton
£50,000
Biscot Road, Luton
£50,000
Our Summary
- ** FOR SALE BY AUCTION ** ** GUIDE PRICE £50,000 +**UP TO 19 % POTENTIAL GROSS RENTAL YIELD
- With some improvement this property should generate around £750 to 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 top-floor studio flat is located in the heart of Luton, close to public transport and amenities, and is offered chain-free with vacant possession. The property features an open-plan living and kitchen area, shower room, and communal rear patio/lawn, as well as a residents' car park. With some improvement, it's expected to generate around £750-800 per month in rent, making it an exceptional buy-to-let prospect. Alternatively, it could suit a buyer looking for a great value first home to live in. The property is in presentable condition with modern fitted kitchen units and a modern shower room, and has a 99-year lease with 77 years remaining. With a guide price of £50,000, this property offers a potential gross rental yield of up to 19%.