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1 bedroom flat for sale
Biscot Road, Luton
£46,000
Biscot Road, Luton
£46,000
Our Summary
- ** FOR SALE BY AUCTION ON WEDNESDAY 30th APRIL 2025 COMMENCING AT 1PM ** SALE VIA A LIVE-STREAMED AUCTION **** GUIDE PRICE £50,000 + ** VIEWINGS BY APPT ****UP TO 19 % POTENTIAL GROSS RENTAL YIELD
- With some improvement this property should generate around £750 to 800 PCM in rent, making it an exceptional buy to let prospect
- They are not necessarily figures which a property will sell for and may change at any time prior to the auction
- Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide
Description
This top-floor studio flat is located in the heart of Luton, close to public transport and amenities, and is being sold by auction on April 30th, 2025. The property features an open-plan living and kitchen area, shower room, and a communal rear patio/lawn. With some improvement, it could generate a potential gross rental yield of up to 19%. The property is chain-free and has a 99-year lease with 77 years remaining. It is in presentable condition with modern fitted kitchen units and a modern shower room, and would suit a buyer looking for a great value first home or a buy-to-let investment. The guide price is £50,000+, and the property comes with the entitlement to park one car. Viewings are by appointment only, and interested buyers should register to bid and view legal documents on the auction house's website.