Summary - Apartment 24, The Academy, Holly Street LU1 3DD
1 bed 1 bath Flat
Compact modern flat with balcony and parking, ideal for buy-to-let investors.
Long lease remaining (approx. 105 years)
A compact one-bedroom apartment offered with vacant possession and a long lease (approx. 105 years unexpired). The 473 sq ft layout includes an open-plan lounge/kitchen, double bedroom, bathroom and a private balcony. An undercover parking space is included (confirm via legal pack).
Positioned close to Luton town centre, public transport, the M1 and Luton Airport, this flat has clear buy-to-let appeal. The listing estimates a rental of up to £1,000 pcm, implying a potential gross yield in excess of 10% at the guide price — attractive for investors seeking immediate income.
Practical considerations: heating is by electric room heaters rather than gas central heating, and the property is leasehold and sold at auction. Buyers should review the legal pack for ground rent, service charge and parking confirmation, and budget for the buyer’s administration charge and buyers’ premium payable on completion.
This is a straightforward, modern apartment in a mixed urban area popular with young families and students. Its size and configuration suit a single occupant or couple, or an investor targeting short-term or longer-term lettings.
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