Purpose Built Flat for Auction Luton LU1

Guide Price £100,000 - £115,000. This well proportioned top floor, purpose built apartment is offered at auction with vacant possession and would be a great prospect for a buy to let investment or a home to improve. It is being offered with a new lease term of 125 years and peppercorn ground rent. Features include a good size entrance hall with two storage cupboards, spacious living room with access to a balcony, separate kitchen, double bedroom, white bathroom suite with shower over bath, double glazed windows, gas heating with Vaillant Gas Boiler, communal gardens and on road communal parking facilities. With decorative improvement a rent of around £850 PCM should be achievable which would represent a Gross Yield of up to 9 %.