Summary - Flat 541-545, Spring Place Student Halls, 4 Dumfries Street LU1 5FT
1 bed 1 bath Flat Share
Income-ready, fully managed ensuite in central student village, bills included.
Let at £620pcm until November 2025 (income from day one)
A ready-made income opportunity in a purpose-built student cluster located in Luton town centre. This ensuite room is offered leasehold within a fully managed building (concierge, on-site management, gym) and is let at £620pcm to November 2025, providing immediate rental income. Utility bills and WiFi are included in the rent and the building reports full occupancy, simplifying hands-off ownership.
The property sits in a densely student-populated neighbourhood close to the University of Bedfordshire and local amenities. Built in 2017, the development benefits from modern fixtures, communal TV lounges, games room, launderette and secure bike storage. Mobile signal and broadband speeds are reported as excellent and fast, supporting student and young-professional demand.
Material considerations are clear: the listing is cash-only and the flat share sits in an area assessed as very deprived with high local crime rates, which may affect long-term capital growth and tenant profile. The tenure is leasehold and the unit is part of a managed cluster — check remaining lease length, service charges and management arrangements before purchase. The advertised investment yield is shown at 11.2% (listing figure) based on the current rent and price.
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