Low-price, vacant flat with parking and refurbishment potential near Luton station.
Vacant one-bedroom first-floor flat, approx 469 sq ft.
Off-street parking and EPC rating C.
Sold by public auction — legal pack available; vacant possession.
Leasehold with c.88 years remaining; factor mortgage implications.
Kitchen dated and requires refurbishment; low ceiling in kitchen.
Main heating: electric storage heaters (no gas connection stated).
Area classed very deprived; constrained neighbourhood—affects growth.
Very low local crime; excellent mobile signal and fast broadband.
A vacant one-bedroom flat on the first floor of a 1960s/70s purpose-built block, offered at auction with vacant possession. The property has 469 sq ft of accommodation, off-street parking and an EPC rating of C — useful practical advantages for buyers seeking a low-entry investment or an affordable first home.
The flat will suit a buyer prepared to carry out light-to-medium refurbishment: the kitchen shows wear and would benefit from updating, and heating is via electric storage heaters rather than gas. With around 88 years remaining on the lease, buyers should factor lease length into mortgage or investment calculations and check the auction legal pack for service charges and ground rent details.
Location strengths include fast broadband and excellent mobile signal, very low local crime, and reasonable access to Luton rail station and Stockwood Park. The surrounding area is classified as very deprived with constrained neighbourhood characteristics and a predominantly young ethnic community; these factors affect long-term demand and should be considered by purchasers seeking long-term capital growth.
For investors, the flat’s vacant status and low guide price present an opportunity to secure a rental-let with refurbishment upside. For owner-occupiers or first-time buyers, this is a practical, low-cost entry into LU1 but expect to invest time and money in modernising the interior and reviewing leasehold terms at auction.
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