Summary - 10, Downs Road, LUTON LU1 1QR
1 bed 1 bath Apartment
Central Luton's low-cost, quick-purchase one-bedroom opportunity for buyers and investors.
Second-floor one-bedroom apartment with vacant possession
Sold by public auction on 22 October 2025
106 years remaining on 125-year lease
Service charge approx £1,200 per annum
Ground rent £250 per annum; £1,500 completion admin fee
Requires redecoration and some renovation works
High-crime, deprived local area — consider security and insurance
Unallocated off-street parking; 0.6 miles to station and town centre
Set within a redbrick Victorian building, this one-bedroom second-floor apartment offers central Luton's convenience at an entry-level price. The flat is sold by public auction with vacant possession, making it suitable for investors or buyers able to move quickly. The accommodation includes an entrance hall, sitting/dining room, kitchen, spacious bedroom and family bathroom — overall described as in good condition but in need of redecoration and some renovation.
Practical details support straightforward ownership: 106 years remaining on a 125-year lease, service charge circa £1,200pa and ground rent £250pa. Off-street communal parking is available at the rear (spaces unallocated). The property benefits from double glazing (pre-2002) and mains gas via a community heating scheme; EPC rating E.
Material negatives to note: the location sits in a high-crime, deprived area and the building has solid brick walls with assumed no cavity insulation — potential thermal and maintenance costs. The sale is by auction (22 October 2025) and purchasers will face an administration charge of £1,500 on completion; buyers should consult the legal pack for further disbursements.
For an investor this is a low-entry purchase close to Luton Arndale and the mainline station (approximately 0.6 miles), with tenant demand from students and young families nearby. For a first-time buyer prepared to decorate and update, it offers an affordable city-base with reasonable lease length and quick purchase route via auction.
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