Located in the ever-convenient Auction House Courtyard, this well-presented studio apartment offers an exceptional opportunity for investors and first-time buyers alike. With the added benefit of being chain-free and a robust lease of over 100 years, this property is a rare find in the sought-after Luton market. The apartment is currently tenanted with a rental income of £800 PCM, making it a fantastic investment prospect. Whether you’re an experienced landlord looking to expand your portfolio or an investor seeking a reliable return, this property delivers a steady income stream and the potential for future capital appreciation.Stepping inside, the studio reveals itself as deceptively spacious, with a layout that optimises every square metre for comfortable living. The main living area is bright and versatile, offering ample space to configure sleeping, dining, and relaxation zones as per your requirements. The design is both functional and welcoming, making it ideal for tenants who value both aesthetics and practicality. One of the standout features of this property is its prime location. Situated within walking distance of Luton Train Station, it’s perfect for commuters who need quick and easy access to transport links. The surrounding area offers a mix of retail, dining, and leisure amenities that cater to a variety of lifestyles, making it a highly desirable location for prospective tenants and residents. The property’s chain-free status adds another layer of convenience, ensuring a smooth and efficient purchase process. Furthermore, with a lease extending well beyond 100 years, buyers can proceed with confidence, knowing that long-term ownership is secure.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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