1 bed flat for sale

Flat 5, 27 Biscot Road, Luton, Bedfordshire LU3

Guide Price = £25,000+

**For Sale By Auction . To inspect the legal documents for this property go to our website to download the legal pack**

A Vacant First Floor Studio Flat

National Online Auction - 10th June 2025

Tenure
Leasehold. The property is held on a 99 year lease from 1st November 2003 (thus approximately 77 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Wardown Park are within easy reach. Transport links are provided by Luton rail station and the M1.

Description
The property comprises a first floor studio flat situated within an end of terrace building arranged over ground and two upper floors.

Accommodation
First Floor
Studio Room with Kitchenette
Bathroom

Tenancy
The rental income is expected at £1,000 per calendar month.

Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.

Addendum
For the avoidance of doubt, the admin fee for this lot is £3,600 incl. VAT and not as previously stated. This fee is payable to the auctioneer.