Summary - DUMFRIES COURT 3 DUMFRIES STREET LUTON LU1 5BG
1 bed 1 bath Apartment
Let property with gated parking and immediate rental income.
One-bedroom first-floor apartment, 502 sq ft
A practical one-bedroom first-floor apartment offered at public auction, positioned 0.6 miles from Luton town centre and the mainline station. The 502 sq ft home is currently let on an Assured Shorthold Tenancy at £650 pcm, producing an income of £7,800 per year — a ready-made let investment. The flat includes a secure gated allocated parking space to the rear, double glazing and an EPC rating of C.
The property is leasehold with 89 years remaining (original lease 125 years from 1989). Annual running costs include a service charge of approximately £1,125 and ground rent of £80. Heating is by electric storage heaters, which buyers may wish to review for efficiency or upgrade. Accommodation is traditionally laid out with an entrance hall, sitting/dining room, kitchen and family bathroom.
This lot will be sold at public auction on 22 October 2025; an administration fee of £1,500 (inc. VAT) will be payable on completion. There is no buyer’s premium. Prospective purchasers should consult the legal pack for disbursements and make their own enquiries about services and any refurbishment requirements. The flat is in an area classified as constrained and very deprived, which may affect capital growth profiles but currently offers reliable rental demand and very low recorded crime.
For investors seeking a hands-off income stream close to transport links, this apartment offers immediate yield with clear cost lines. For owner-occupiers or those seeking long-term capital upside, the remaining lease length and service charges are important considerations.
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