Summary - Flat 9, 63-65, Castle Street, LUTON LU1 3AG
1 bed 1 bath Flat
Auction lot with strong rental prospects and long lease close to Luton's amenities.
- Vacant 1-bedroom apartment with Victorian high ceilings and large windows
- Small modern kitchen; shower room present, compact layout overall
- 108 years remaining on the lease
- For sale by online auction; check legal pack for tenure details
- Seller estimates achievable rent of £1,000 pcm (£12,000 pa)
- Administration fee £3,600 (inc VAT) payable on exchange
- On-street parking only; no allocated parking space
- Located in a very deprived area; close to shops and public transport
A vacant first-floor apartment offered for sale at auction, positioned on Castle Street in central Luton. The main living space benefits from Victorian proportions including high ceilings and large windows, paired with a small modern kitchen and shower room. The property is being sold with 108 years remaining on the lease and on-street parking nearby.
This is most suitable for an investor seeking an immediate let — the seller cites an achievable rent of £1,000 pcm (£12,000 pa). The building’s period features give character while the compact layout keeps running costs low; the flat is currently vacant and will need a buyer to confirm exact tenure and any legal liabilities by reviewing the legal pack. An administration fee of £3,600 (inc VAT) is payable on exchange.
Buyers should note the location sits in a very deprived area close to shopping and local amenities and serves a mix of young families and students. The sale is by online auction, so interested parties should register and inspect the legal pack before bidding. No material flood risk and crime is recorded as very low in the locality.
Potential positives include immediate rental potential and long lease length for this price band; negatives include the neighbourhood’s high deprivation levels, unknown full tenure details in the pack, compact accommodation and likely need for minor refurbishment and compliance checks before letting or owner occupation.
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