Guide price £50,000 — sold by online auction
Offered for sale by online auction with a low guide price, this one-bedroom ground-floor maisonette sits centrally in Luton and is presented as a clear buy-to-let opportunity. The compact flat includes an open-plan lounge/kitchen, one double bedroom and a separate shower room, plus communal patio and a resident car park with one parking right. Fast broadband, excellent mobile signal and very low Council Tax (Band A) add to tenant appeal.
Potential for strong rental return is the headline: an estimated rent of around £900 pcm suggests a high gross yield at the guide price, making the property attractive to cash purchasers and experienced landlords. The unit is chain free and sits in a period building, with double glazing and basic fitted kitchen units already in place.
Important cautions are factual and material. The property is leasehold with approximately 80 years remaining on a 99-year lease started in 2006; many mortgage lenders are likely to refuse lending on this, so purchase may need to be cash or specialist-funded. Heating is by electric room heaters rather than a central system, and the flat is small (about 345 sq ft) and will suit a single occupant or couple rather than a family.
Buyers should also note the area is classified as very deprived and local demographics are young ethnic communities; average crime levels were recorded. The property is sold at auction and attracts additional buyer fees (administration charge and buyer's premium) and legal pack checks are essential before bidding. This is a practical, low-entry-cost investment with clear upside for a cash buyer willing to manage lease and fuel/heating limitations.
