Summary - FLAT 304, SPRING PLACE STUDENT HALLS, 4, DUMFRIES STREET LU1 5FT
1 bed 1 bath Flat
Investment-ready studio with tenant producing immediate income close to city amenities.
Low guide price at £20,000 — very low entry cost
Tenant in situ paying £620 pcm — immediate rental income
Sold via national online auction; bidding dates apply
Leasehold sale with £3,600 admin fee on exchange
Located in a deprived area with higher local crime levels
Council Tax Band A — very cheap annual tax liability
Communal gym and media room; modern shared facilities
Buyers must check lease length, service charges, disbursements
This studio apartment in Opto Village, Spring Place, Luton is offered for sale via a national online auction with bidding opening 20 October and closing 21 October. The flat is offered leasehold and currently has a tenant in situ paying £620 pcm, making it suited to investors seeking immediate rental income or buyers comfortable with tenancy. Communal facilities include a gym and shared media room that support letting appeal.
Priced at £20,000, the property presents a low entry cost with a very cheap Council Tax (Band A). Important sale costs include a leaseholder administration fee of £3,600 (inc. VAT) payable on exchange; please review the legal pack for additional disbursements. The flat is in an urban, largely student neighbourhood characterised by deprived area indicators and higher local crime levels—factors that affect both management and long-term resale prospects.
The apartment is a compact studio with a separate bathroom in a purpose-built block. It is sold with tenant occupancy, so buyers should factor in tenancy terms and notice periods. Broadband and mobile signal are strong locally and communal facilities are modern and low-maintenance, which can help keep upkeep costs down.
This lot is best suited to investors looking for immediate yield from an existing tenancy, or buyers able to accept the neighbourhood profile and leasehold costs in exchange for a low purchase price. Review the full legal pack before bidding to confirm lease length, ground rent, service charges and any other purchaser disbursements.
1 bedroom flat for sale in 204 Block A, Opto Village, Spring Place Student Halls, 4 Dumfries Street, Luton, LU1 5FT, LU1 — £20,000 • 1 bed • 1 bath
1 bedroom flat for sale in Flat 9, 59 Castle Street, Luton LU1 3AG, LU1 — £20,000 • 1 bed • 1 bath
Studio flat for sale in Unit 339, Spring Place Student Halls, 4 Dumfries Street, Luton, LU1 — £45,000 • 1 bed • 1 bath • 302 ft²
1 bedroom apartment for sale in 3 Dumfries Court, Dumfries Street, Luton, LU1 — £70,000 • 1 bed • 1 bath • 502 ft²
Studio flat for sale in Dumfries Street, Luton, LU1 — £50,000 • 1 bed • 1 bath
Studio flat for sale in G36, Block B, Opto Village, 4 Dumfries Street, Luton, LU1 — £62,000 • 1 bed • 1 bath
