Summary - 203, THE CENTRAL, 100, PARK STREET LU1 3EY
1 bed 1 bath Flat
Compact town-centre unit with long lease and immediate rental income potential.
Long lease — 237 years remaining
Currently achieving £740 per month rental income
Studio layout with kitchenette and wet/wet room
Communal areas and concierge presence
Needs renovation — cosmetic and possibly system upgrades
Located close to university, shops and mainline station
Area is very deprived with very high crime rates
Council tax described as very cheap
This compact studio in central Luton sits within a contemporary low-rise block close to shops, transport and the university — a straightforward investment or first-step purchase for someone prepared to improve the flat. The development offers communal areas and a concierge-style presence, and the long lease (over 230 years remaining) removes immediate leasehold pressure.
The apartment comprises a single living area with a fitted kitchenette and wet room. It is currently achieving £740 pcm in rental income, making it suitable for buy-to-let or a cost-conscious city base. The building benefits from double glazing and mains gas via a community heating scheme.
Be realistic about the locality: the area is classified as very deprived with very high crime levels, and the flat is marked as needing renovation. These are material considerations for owner-occupiers and landlords; expect refurbishment and ongoing management measures to maximise rental appeal and safety.
Overall this is a practical, long-lease studio offering immediate rental income and clear scope to add value through cosmetic and systems upgrades. It will suit investors targeting students or young professionals, or a buyer seeking an affordable town-centre base willing to manage refurbishment and local area challenges.
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