Summary - Flat 3, 65 Ashburnham Road LU1 1JN
1 bed 1 bath Studio
Low-price let-ready project offering high gross yield potential after refurbishment.
Guide price £46,000 — auction sale with buyer fees payable
A compact ground-floor studio offered at a low guide price, positioned within easy reach of Luton town centre and local amenities. The flat is one room with a kitchenette, separate shower room and a large walk-in cupboard — a straightforward space for refurbishment or rental.
This is a clear-buy opportunity for a cash buyer or a hands-on investor. Once upgraded the property is estimated to achieve around £700 pcm, which the seller indicates could equate to a gross yield in the region of 18% at the guide price. Fast broadband, excellent mobile signal and proximity to shops and transport add practical letting appeal.
Important practical drawbacks are factual and significant: the lease has c.79 years unexpired which will constrain mortgage availability and may deter many lenders; buyers should obtain independent lease-extension advice. The flat requires renovation and modernisation; services and appliances are untested and the property sits in an area with high crime levels and very high deprivation, factors that affect lettability and management costs.
This property is being sold at auction with buyer fees and administration charges payable on completion. Prospective purchasers should review the legal pack, confirm service charge and repair liabilities, and carry out a full condition survey and costed refurbishment estimate before bidding.
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