Summary - FLAT 304, SPRING PLACE STUDENT HALLS, 4, DUMFRIES STREET LU1 5FT
1 bed 1 bath Flat
Compact, income-producing studio near campus—ideal for buy-to-let investors.
- Sold via online auction; bidding 10–11 November (register to bid)
- Tenant in situ paying £620 pcm — immediate rental income
- Leasehold sale; £3,600 administration fee on exchange
- Small studio layout; limited internal living space
- Building modern with communal areas and secure entry
- Fast broadband and excellent mobile signal
- Area classed as deprived with higher local crime levels
- Images note potential damp in bedroom; inspect advised
A compact studio apartment in a contemporary purpose-built block at Spring Place, offered at auction with a tenant in situ. The unit currently produces £620pcm, presenting immediate rental income for an investor comfortable with leasehold ownership and auction purchase processes. Bidding opens Monday 10th November at 1pm and closes Tuesday 11th November at 1pm—please register to bid and review the legal pack before bidding.
The building offers modern urban living with communal areas, secure entry and balcony glass façades. Practical benefits include fast broadband, excellent mobile signal and very low council tax (Band A), which are attractive to student or young professional renters. The surrounding neighbourhood is a cosmopolitan student area with plentiful local amenities, public transport links and several nearby schools.
Material considerations are clear: the property is leasehold and sold via online auction with an administration fee of £3,600 (inc VAT) payable on exchange. The wider area records higher crime levels and is classed as deprived; the studio is small with limited internal space and the bedroom image notes potential for damp. Prospective buyers should study the legal pack for lease length, service charges and any disbursements listed, and factor required maintenance or management costs into their offer.
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