Summary - 46 - 52 FLAT 13 PARK STREET LUTON LU1 3HP
1 bed 1 bath Apartment
Income-producing flat near university and transport, ideal for investors.
One-bedroom leasehold flat in Luton town centre
A one-bedroom leasehold apartment sold via online auction with a sitting tenant, offering immediate rental income and strong headline yield. Positioned in Luton town centre, the flat is close to the University of Bedfordshire, transport links and town amenities, making it attractive to investors targeting student or city-centre lets.
The accommodation includes a spacious living room with open-plan kitchen, double glazing and a fitted bathroom. The current tenancy pays £950 pcm until 12 September 2026, producing a reported gross yield of 14.2% at the guide price. The property benefits from fast broadband, excellent mobile signal and very low local crime rates.
Buyers should note material points: the home is leasehold (106 years remaining), will be sold at auction with a six-week completion timetable, and carries an average service charge of about £2,376 per year. The building dates from the 1950s–60s with cavity walls assumed uninsulated and electric-based heating, which may mean higher running costs and potential retrofit work.
This is a straightforward purchase for investors seeking immediate income and tenant security in a student-focused, central location. For owner-occupiers, the sitting tenancy and auction conditions make it less suitable unless purchasing as a long-term investment or planning renovation after the tenancy term ends.
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