Summary - 46 - 52 FLAT 13 PARK STREET LUTON LU1 3HP
1 bed 1 bath Apartment
Income-producing apartment close to university, ready for immediate rental return.
- Tenant in situ paying £950pcm until 12 Sep 2026
- Guide price £80,000 with 14.2% gross yield
- Large one-bedroom apartment, c.669 sq ft
- Leasehold with 106 years remaining
- Service charge c.£2,376 per year (average)
- Electric main heating; boiler and radiators (no gas)
- Possible bathroom damp; likely need for refurbishment
- Located in town centre near university and transport
Set in Luton town centre and a short walk from the University of Bedfordshire, this one-bedroom apartment is offered for sale by online auction with a six-week completion. It is currently let at £950 pcm to a tenant in situ until 12 September 2026, delivering a headline gross yield of 14.2% at the guide price. The flat is spacious for a one-bed (approximately 669 sq ft), with a living area, modern kitchen and bathroom, and double glazing.
For investors seeking immediate income in a student-oriented neighbourhood, the property’s tenancy and central location are its primary strengths. Transport links, shops and a wide range of local amenities are all on the doorstep, supporting strong rental demand. The lease has 106 years remaining and the building presents as a mid-20th-century, mixed-use block typical of the era.
Buyers should note the material costs associated with this lot: a leasehold sale, an average service charge of £2,376 pa, and electric main heating (boiler and radiators) rather than gas. Construction details suggest cavity walls with assumed no added insulation, and there are potential damp issues noted in the bathroom that may require attention. The area is classified as very deprived, which can affect long-term capital growth despite very low recorded crime and excellent mobile/broadband connectivity.
This is a straightforward rental opportunity for a buyer wanting immediate income and hands-off management, but be prepared for service charge costs, maintenance items and the leasehold status when calculating net returns and future refurbishment budgets.
1 bedroom apartment for sale in Park Street, Luton, Bedfordshire, LU1 — £80,000 • 1 bed • 1 bath • 711 ft²
1 bedroom apartment for sale in 3 Dumfries Court, Dumfries Street, Luton, LU1 — £70,000 • 1 bed • 1 bath • 502 ft²
1 bedroom flat for sale in Balfour House, Guildford Street, Luton, Bedfordshire, LU1 — £95,000 • 1 bed • 1 bath
2 bedroom flat for sale in Cardiff Road, Luton, Bedfordshire, LU1 — £130,000 • 2 bed • 1 bath • 570 ft²
1 bedroom flat for sale in Regents Place, 11 Hastings Street, Luton, Bedfordshire, LU1 5BE, LU1 — £145,000 • 1 bed • 1 bath • 590 ft²
Studio flat for sale in Park Street, LUTON, Bedfordshire, LU1 — £55,000 • 1 bed • 1 bath
