Summary - 8 MOULTON RISE LUTON LU2 0AF
2 bed 1 bath Flat
Compact, cash-only investment near stations and town amenities.
- Vacant possession and no upper chain
- 592 sq ft; compact two-bedroom layout
- Garage included; useful secure parking
- Newly fitted carpets; modern kitchen
- 40 years remaining on lease — short
- Likely mortgage refusal for many lenders
- Service charge £900 pa; ground rent £80 pa
- High local crime and very deprived area
A compact two-bedroom flat in central Luton offering straightforward vacant possession and immediate rental or resale potential. The property has been freshly carpeted and benefits from a modern kitchen, a private garage and easy walking distance to town centre amenities and both train stations, making it convenient for commuters.
This flat is best suited to experienced investors or cash buyers. The 40-year lease remaining is short and will restrict mortgage options; many lenders may refuse to lend. Service charge and ground rent are modest, but the limited lease length is the material issue that affects long-term value and financeability.
The building dates from the 1960s–70s and the flat is a small 592 sq ft, so refurbishment scope is limited but possible for added yield. The area has fast broadband and excellent mobile signal, but local crime levels are high and the neighbourhood is in a very deprived area, factors to weigh for tenancy and pricing.
Buyers should arrange a viewing promptly if prepared to purchase with cash or have a specialist lender in place. Clear positives include vacant possession, town-centre location, garage and recent cosmetic updates; clear drawbacks are the short lease, cash-only requirement and local area issues.
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