Low guide price, close to Luton station — renovation and lease work required.
Two-bedroom first-floor flat in 1980s red-brick block
This two-bedroom first-floor flat in LU1 is a low-entry opportunity for a buyer prepared to renovate. The building dates from the 1980s and the flat requires full modernisation throughout — new kitchen, bathroom and cosmetic works are needed. It benefits from off-street parking and is about 0.5 miles from Luton Mainline Station, giving direct rail links to London St Pancras.
Important legal and tenure points are flagged in the sale documents: the sales literature lists both FREEHOLD and a lease with approximately 85 years unexpired. That discrepancy and the short lease term are material — lease renewal will be necessary and costs may be significant. The property will be sold by public auction (Guide Price £65,000+) on 27 November; buyers should review the legal pack and budget for any lease extension or legal costs.
The location suits investors or cash buyers targeting rental or refurbishment resale near transport links and Luton town centre. Note the area is classified as deprived with a high local crime rate, which affects resale and lettings; nearby schools include several rated Outstanding at primary level. Broadband and mobile reception are strong. The sale is a public auction and there is a public notice/repossession listed, so proceed only after full legal checks.
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