Summary - SPRING PLACE STUDENT HALLS, 4, DUMFRIES STREET, LUTON LU1 5FT
1 bed 1 bath Studio
Turnkey student studio with private terrace and strong advertised yield — cash buyers only.
Private patio terrace—rare for student accommodation
On-site amenities: gym, study suites, cinema, communal spaces
Long lease 239 years reduces lease decay concerns
Advertised yield over 10%—targeted student income potential
Cash buyers only—property not suitable for mortgage lending
High service charge ~£2,645 pa and ground rent £300 pa
Area classed as deprived with high local crime rates
Built 2017 with modern fittings; community heating scheme
This studio in Spring Place Student Halls offers a turnkey investment in central Luton, ideal for student lettings. The flat is modern, built in 2017, with an open-plan living/kitchen area, shower room and a rare private terrace — a desirable feature for student tenants.
The development includes on-site amenities: gym, study suites, cinema and communal spaces, enhancing rental appeal and supporting higher occupancy. A long lease (239 years) and modern fittings reduce immediate maintenance risk. The property is marketed with an advertised yield above 10%, reflecting strong rental demand from nearby University of Bedfordshire students and close town-centre location.
Buyers should note material constraints: this unit is cash purchase only and not suitable for mortgage lending. Service charges average £2,645 pa and ground rent is £300 pa, which will affect net returns. The area is classified as deprived with high local crime rates — factors that can influence tenant mix, insurance costs and long-term capital growth.
Overall, this is a specialist investment for cash buyers seeking steady student income and low short-term repair liability. It suits investors comfortable managing higher service charges and area-specific risks in exchange for strong rental yield potential.
Property for sale in Dumfries Street, Luton, Bedfordshire, LU1 — £50,000 • 1 bed • 1 bath • 313 ft²
1 bedroom flat for sale in Dumfries Street, Luton, Bedfordshire, LU1 — £65,000 • 1 bed • 1 bath • 358 ft²
1 bedroom flat for sale in Dumfries Street, Luton, LU1 — £55,000 • 1 bed • 1 bath
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
Studio flat for sale in Dumfries Street, Luton, Bedfordshire, LU1 — £70,000 • 1 bed • 1 bath • 313 ft²
