Property photos
Auction
Leasehold
£100,000
(£333/sq. ft)
1 bed flat for sale
Studley Road, Luton LU31 bed
1 bath
1 reception
300 sq. ft
EPC rating: E
Key Information
Tenure:
Leasehold (63 years)
Service charge:
£1,659 per year
Council tax band:
A
Ground rent:
£150
Ground rent date of next review:
Local area information
Property location
Nearby amenities
- Olive Tree Primary School 0.2 miles
- Denbigh High School 0.3 miles
- Luton 0.5 miles
- Luton Airport Parkway 1.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Luton to find out more about the local area.
Features and description
- Leasehold
For sale by auction on Wednesday 24th July 2024 commencing at 13:00 -
Sale via A live-streamed auction
Guide price: £100,000+
viewings by appointment only: Open days Please call to arrange appointments
A fantastic opportunity to purchase a one-bedroom ground floor apartment currently let with two tenants paying £525 each per calendar month generating £12,600 pa an 11% yield. The property is located in a prominent location close to Luton Town Centre, offering great access to London via the local train station and further amenities. The accommodation extends to approximately 300 sq ft comprising entrance hall, kitchen, bathroom and bedroom. The property comes with parking to the rear and a private grass area to the front.
Accommodation
Ground Floor
Communal Entrance
Entered via a communal front door there is a door to the left leading to:-
Entrance Hall/Lounge (4.39m x 2.21m (14'05 x 7'03))
Approached through a solid wood front door there is access to storage, a wood effect floor, space for a bed and doors to:-
Kitchen (2.16m x 1.73m (7'01 x 5'08))
Fitted with a range of floor and wall-mounted cabinets there is an integrated stainless steel sink with tiled splashback, an electric hob and oven with space for a fridge freezer. There is a window to the side elevation.
Bedroom (4.39m x 2.24m (14'05 x 7'04))
A window to the front elevation with space for a double bed and wood effect floor.
Bathroom (1.78m x 1.73m (5'10 x 5'08))
Suite comprising bath with WC and hand wash basin.
Outside
The front garden is attached to the title of flat one.
Parking
There is off-road parking to the rear.
Terms Of The Lease
The property is offer with a 99 year lease commencing the 1st Jan 1989. There is a ground rent of £150 p.a and a service charge of £1,659.08 p.a.
Services
Mains drainage, water and electricity
How To Get There
From Luton Town Centre proceed in a north-easterly direction along the A505 turning right onto Telford Way and then proceeding left onto New Bedford Road. Continue along the A6 taking the fourth exit on the left-hand side onto Studley Road, and proceed down the hill where the property can be found on the left-hand side approximately halfway down.
Price Information
*Guides are provided as an indication of each seller's minimum expectation. 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. Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.
Buyer's Premium Charge
The purchaser will be required to pay a premium charge of £1,500 plus VAT.
Buyer's Administration Charge
The purchaser will be required to pay an administration charge of £950 plus VAT.
Sale via A live-streamed auction
Guide price: £100,000+
viewings by appointment only: Open days Please call to arrange appointments
A fantastic opportunity to purchase a one-bedroom ground floor apartment currently let with two tenants paying £525 each per calendar month generating £12,600 pa an 11% yield. The property is located in a prominent location close to Luton Town Centre, offering great access to London via the local train station and further amenities. The accommodation extends to approximately 300 sq ft comprising entrance hall, kitchen, bathroom and bedroom. The property comes with parking to the rear and a private grass area to the front.
Accommodation
Ground Floor
Communal Entrance
Entered via a communal front door there is a door to the left leading to:-
Entrance Hall/Lounge (4.39m x 2.21m (14'05 x 7'03))
Approached through a solid wood front door there is access to storage, a wood effect floor, space for a bed and doors to:-
Kitchen (2.16m x 1.73m (7'01 x 5'08))
Fitted with a range of floor and wall-mounted cabinets there is an integrated stainless steel sink with tiled splashback, an electric hob and oven with space for a fridge freezer. There is a window to the side elevation.
Bedroom (4.39m x 2.24m (14'05 x 7'04))
A window to the front elevation with space for a double bed and wood effect floor.
Bathroom (1.78m x 1.73m (5'10 x 5'08))
Suite comprising bath with WC and hand wash basin.
Outside
The front garden is attached to the title of flat one.
Parking
There is off-road parking to the rear.
Terms Of The Lease
The property is offer with a 99 year lease commencing the 1st Jan 1989. There is a ground rent of £150 p.a and a service charge of £1,659.08 p.a.
Services
Mains drainage, water and electricity
How To Get There
From Luton Town Centre proceed in a north-easterly direction along the A505 turning right onto Telford Way and then proceeding left onto New Bedford Road. Continue along the A6 taking the fourth exit on the left-hand side onto Studley Road, and proceed down the hill where the property can be found on the left-hand side approximately halfway down.
Price Information
*Guides are provided as an indication of each seller's minimum expectation. 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. Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.
Buyer's Premium Charge
The purchaser will be required to pay a premium charge of £1,500 plus VAT.
Buyer's Administration Charge
The purchaser will be required to pay an administration charge of £950 plus VAT.
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
Floor plans and tours
Floor plans (1)
Tours
No virtual tour available
More information
Unlock more data
Listed by
Auction House Beds & Bucks
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Auction House Beds & Bucks. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Auction House Beds & Bucks for full details and further information.