assistant<|end_header_id|> Here is a summarized version of the property description in a single paragraph: This first-floor studio flat is being sold by auction with a guide price of £43,000+. The property requires renovation and features a communal entrance, 13x12 studio room, separate kitchen, and shower room. With double-glazed windows, electric heaters, and a 99-year lease with 79 years unexpired, it's an ideal candidate for a rental investment. Located in a quiet residential area, within walking distance of Luton Town Centre and Train Station, the property is expected to generate around £750 PCM in rent, with a potential gross yield of up to 20%. Viewings are by appointment only, and bidding is open online for 24 hours. The property is being sold with additional fees and disbursements, including a buyer's administration charge and premium charge.