Summary - 12 FLAT 4 GORDON STREET LUTON LU1 2QP
1 bed 1 bath Studio
Generous studio with tenant in situ — immediate income and long lease..
Tenant in situ paying £650 pcm (immediate rental income) • Lease 112 years remaining (secure long lease) • Gross yield approx 8.2% based on current rent • Town-centre location with excellent transport links • Small overall size (approx 326 sq ft) — studio footprint • Average service charge £2,600 pa — factor into returns • Potential damp ceiling spots and medium fixer-up areas — inspect • Located in a very deprived, student-heavy neighbourhood
This studio at 12 Flat 4 Gordon Street is presented as a straightforward buy-to-let with a tenant in situ paying £650 pcm, giving immediate rental income. The town-centre location and excellent transport links make it easy to re-let to students or young professionals. The lease has 112 years remaining and the purchase is mortgageable, providing long-term security and financing options.
The apartment is a generous-sized studio (approximately 326 sq ft) with large windows and neutral finishes that maximise light. The layout creates distinct living and sleeping zones within the open plan space. Broadband and mobile signal are described as fast and excellent, which suits modern tenants.
Important practical facts: the average service charge is £2,600 per year and council tax is very cheap. The property is in a very deprived ward and sits within a cosmopolitan, student-heavy neighbourhood — this supports rental demand but may limit capital-growth prospects for some buyers.
Visible issues include medium-sized fixer-up areas and potential damp ceiling spots noted in the bedroom description; these will require inspection and possible remedial work. The apartment’s small overall footprint and communal charges should be weighed against the rental income. Gross yield from the current rent is approximately 8.2% before costs.
Overall this is a clear, income-focused acquisition for an investor seeking immediate cashflow from a leasehold studio in Luton town centre. Viewing is advised to confirm condition and service charge details prior to purchase.
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