Summary - Flat 5, 26 Marsh Road, LUTON LU3 2NH
1 bed 1 bath Apartment
Auction opportunity with strong rental yield after improvement.
Top-floor one-bedroom flat with open-plan living/kitchen
Top-floor one-bedroom flat in Luton’s LU3, offered at auction with a low guide price and clear rental potential. The apartment has an open-plan living/kitchen, double bedroom and shower room, plus double glazing and a wall-mounted gas boiler. A communal rear car park provides one-space-per-flat parking provision (buyer to verify in legal pack).
The property requires renovation and updating, so immediate capital works will be needed before re-let or resale. The lease has around 107 years remaining and ground rent is £200pa; purchasers should review the legal pack for any service charges and lease conditions. The sale is subject to auction fees: a buyers’ administration charge and a buyers’ premium will apply and increase purchase costs.
Positioned close to Leagrave station and Luton town centre, the flat suits buy-to-let investors seeking a high gross yield after refurbishment, or a first-time buyer willing to carry works. Crime levels and local area deprivation are above average; factor refurbishment and management into running costs and rental assumptions.
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