Summary - 303, THE CENTRAL, 100, PARK STREET LU1 3EY
1 bed 1 bath Flat
Affordable town-centre studio with refurbishment potential and long lease.
Town-centre location, close to transport and amenities
A compact studio in central Luton, offered with a long lease (around 242 years) and clear rental potential given its town-centre location and proximity to transport links. The development provides practical communal facilities including a gym, lift and secure entry, making the flat suitable for students or short-term lettings.
The apartment requires renovation and is sold via the Modern Method of Auction — buyers should allow for the non-refundable reservation fee (4.5% of price, minimum £6,600) and a Buyer Information Pack cost. Heating is provided by a community mains-gas scheme and the flat is double-glazed, but internal updating will be needed to maximise value.
Important local factors: the area is classified as very deprived with very high crime levels, so prospective buyers should consider security and letting risk. Positively, local amenity provision and excellent mobile/broadband connectivity support rental demand, and council tax is very low, helping running costs.
This lot will suit an investor or a buyer seeking a low-price entry into Luton town centre with clear scope for refurbishment and short-term rental income, provided the auction costs and local social factors are accepted and managed.
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