1 bed flat for sale

2B Downs Road, Luton LU1

Amazing apartment! Chain Free

Set in close proximity to the town centre this spacious lower ground floor, one bedroom home has a lot to offer, and is ideal for either an investment or first time buyer.

The current gross yield is 4.7% with realistic scope for the rent to be increased to a gross annual yield of 5.2%.

The main living area is open plan to the kitchen with modern décor including wood flooring, leading into the contemporary kitchen.

The large bedroom is light and bright and the bathroom is complete with full bath and shower over.

The property benefits from a long approximately 95 year lease.

Ready to go this could be your ideal next move, all you need to do is book online 24/7 using our award winning app.

Lease term: 125 years from 1 January 2005

Property Ownership Information

Tenure

Leasehold

Council Tax Band

A

Annual Ground Rent

No ground rent

Ground Rent Review Period

No review period

Annual Service Charge

£1,200.00

Service Charge Review Period

No review period

Lease End Date

03/09/2119

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.