Summary - FLAT G36, SPRING PLACE STUDENT HALLS, 4 DUMFRIES STREET LU1 5FT
1 bed 1 bath Studio
Fully managed, high-yield studio ideal for student rental investors..
- Purpose-built studio with modern furnishings, kitchenette and ensuite bathroom
- Currently let at £790pcm, advertised gross yield ~10.3%
- Bills (electricity, water, WiFi) included in rent
- On-site concierge, gym, roof terrace and launderette
- Constructed 2017; low immediate maintenance responsibility
- Leasehold tenure and cash-only sale requirement
- Located in a very deprived area with high local crime rates
- Student-focused neighbourhood; high occupancy but tenant turnover expected
A compact, purpose-built studio in Opto Village, offering turnkey student or young-professional accommodation with strong rental performance. The studio is fully furnished, designed for independent living and includes a kitchenette, three-piece bathroom and study area — all bills (electricity, water, WiFi) are included in the rental. On-site amenities include concierge, gym, roof terrace, launderette and secure bike storage, supporting high occupancy and easy management.
This unit is sold leasehold and is cash-only — suited to investors able to complete without mortgage finance. Currently let at £790 pcm, the asking price of £62,000 produces an advertised gross yield of around 10.3%. The building is modern (constructed 2017) and benefits from communal services and community heating, reducing individual maintenance responsibilities.
Buyers should note material considerations: the property sits in a very deprived area with a high local crime rate, which can affect long-term capital growth and tenant profiles. Accommodation is in a dense, student-oriented neighbourhood close to the University of Bedfordshire — ideal for student demand but less suitable for buyers seeking family living or long-term owner occupation.
Overall this is a straightforward, hands-off investment: modern, managed accommodation with inclusive bills and communal facilities that support lettings, balanced against area-wide social and economic challenges and the leasehold, cash-only purchase requirement.
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