Summary - FLAT 204, SPRING PLACE STUDENT HALLS, 4, DUMFRIES STREET LU1 5FT
1 bed 1 bath Flat
Modern 2017 studio with tenant in place and immediate rental income.
Sold via national online auction; bidding 8–9 December
A compact purpose-built studio in Opto Village, Spring Place, offered at online auction with a sitting tenant. The flat is modern, built in 2017, and sits within a contemporary mid-rise block with communal areas and a B EPC rating. Current rent is £620pcm, providing immediate income for a buyer prepared to purchase at auction.
This is a leasehold unit sold via national online auction — bidding opens 8 December and closes 9 December. Prospective buyers must register to bid and should review the legal pack carefully for lease length, service charges and any additional disbursements. An administration fee of £3,600 (inc. VAT) is payable on exchange.
The property suits investors seeking an urban, student-driven rental let with strong connectivity: excellent mobile signal and fast broadband. Note the local area is classified as deprived with high recorded crime levels, and the block operates on a community heating scheme. These factors affect both management considerations and long-term capital values.
Practical points: the flat is sold with the tenant in situ, Council Tax Band A, no flood risk, and standard ceiling heights. Buyers should expect to factor in leasehold obligations, potential communal service charges, and the auction process timing before bidding.
1 bedroom flat for sale in 304 Block A, Spring Place, 4 Dumfries Street, Luton LU1 5FT, LU1 — £20,000 • 1 bed • 1 bath
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Studio flat for sale in Unit 339, Spring Place Student Halls, 4 Dumfries Street, Luton, LU1 — £45,000 • 1 bed • 1 bath • 302 ft²
Studio flat for sale in G49 Block C, Opto Village 4 Dumfries Street, Luton, LU1 — £68,000 • 1 bed • 1 bath
