Auction House, John Street, LU1

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DESCRIPTION:  

STUDIO FLAT WITH OPEN LIVING PLAN. Located in the Town of Luton with a potential of achieving a realistic minimum rental income of £650PCM or more. Also ideal for individuals or couples looking for a home in a commuters area. Come inside and have a look !! …

Chain Free flat with high rental yield. Motivated seller who wants it sold fast. Ideal for an investor or a couple looking to get onto the property ladder.

I WANT TO VIEW THIS PROPERTY :

Call us to book a viewing. If we don't answer, please send in your details by clicking the "REQUEST DETAILS" button, we promise to call you back within 24hours. 

MY FAVOURITE THING ABOUT THIS PROPERTY  

CHAIN FREE! 'Chain free' in a property sale means that the seller of the property does not need to wait for the completion of another property transaction before they can sell their home. In other words, they are not part of a chain of buyers and sellers who are all waiting for their own transactions to complete before moving forward. 

HIGH RENTAL YIELD. Excellent property to rent out. Studio flats are always in demand. 

DESCRIPTION:  

• £130,000  

• Tenure - Leasehold  

• Length of lease (years remaining) - 107 years 

• Annual ground rent amount - £100 

• Annual service charge amount - £1282 

KEY FEATURES:  

· - The Mall & Town Centre Location 

· - Luton Train Station 2 Minute Walk Away 

· - Bus Stops 1 Minute Walk Away 

THIS PROPERTY IS IDEAL FOR:  

· Potential of achieving a realistic minimum rental income of £650PCM or more. The demographic of tenants most likely to apply would be working class couples looking to be close to town 

· For an individual/couple looking to get on the property ladder for now, before upgrading to a bigger property later on. 

FREEHOLD/LEASE DETAILS:  

· The property has a lease of 107 from the year 2023. 

· Ground Rent of: £100 annually 

· Service Charge of: £1282 annually 

NEIGHBOURHOOD: Surrounded by families and working professionals | Friendly Area 

Open Plan Living  

3.63m (11'11") x 5.75m (18'10")  

Kitchen Area  

2.25m (7'5") x 2.12m (6'11")  

Bathroom  

1.68m (5'6") x 1.95m (6'5")  

PARKING: This property has no ALLOCATED PARKING SPACE – a parking permit would need to be obtained from the council and park on the road. Or pay for "PAY & DISPLAY". Parking is free from 6PM to 8AM. 

WHAT IS NEARBY? WHAT IS THE AREA LIKE?:  

How far is it from….…?  

· Easy access to TOWN CENTRE 

· A short drive to LUTON AIRPORT 

· Walking distance to the DOCTORS SURGERY & PHARMACY 

· Quick hop to the BUS STOP 

· A few minutes drive the SUPER MARKET (ASDA, SAINSBURY'S, TESCO) 

· Swift walk to the nearest TRAIN STATION 

· Brisk walk to the PARK and back 

CURRENT TENANTS COMMENTS: "We've been in this property for many years now and would ideally like to remain longer if possible but can move and find another home if need be. The property is perfect for what we need it. Great community nearby with easy access to all the essentials". 

SELLERS COMMENTS:  

- "A great property which I've had for a long time. Current tenants are fantastic, rent is received on time and I've not needed to spend much on maintenance hence it turned around a good rental yield for the investment".

I WANT TO VIEW THIS PROPERTY :

Call us to book a viewing. If we don't answer, please send in your details by clicking the "REQUEST DETAILS" button, we promise to call you back within 24hours. 

LANDLORDS / VENDORS : : : Abbey Property has BUYERS and TENANTS for all types of properties. If you are considering SELLING/RENTING your property, please contact us on 01582 932505 or via our website Abbey Property Dot Com 

DISCLAIMER: We dont not take any responsibility for any misinformation within this advert. You are liable to do your own research and take independent advise.