Timed Online Auction

02 June 2022, 10am-3pm

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  • TypeFlat
  • Ownership Leasehold
  • Occupation Tenanted
  • Bedrooms 2
  • Council Tax Search SAA

Description

Full Address: 3 Avon Court, Avondale Road, Luton, LU1 1DT

Two Bedroom First Floor Flat with tenant in occupation paying 900 per month. Great location for residential investment.

Brick built first floor apartment consisting of two double bedrooms, separate reception room, kitchen/diner and bathroom. Well maintained communal areas and gardens. Same owner past 22 years.

Rental income 660 per calendar month - 7,920 per annum. Tenanted since 2019. Within walking distance of the town centre and Luton mainline station. Parking available to the front and rear.

The property's location boasts excellent access to local shops and schools as well as the M1 and the Thameslink main line train station. Ideal investment property or first time buyer investment.

Ideally located for transport links served by Luton Mainline Railway Station which offers fast direct trains to London St Pancras and the M1 via Junction 10, 11 and 11a/A5 Link Road.

TO BE SOLD BY ONLINE AUCTION AS LOT 20 on THURSDAY 21st OCTOBER 2021. Leasehold Two Bedroom First Floor Flat with tenant in occupation paying 660 per month. 7,200 per annum income. Managed by letting agency. FOR SALE BY ONLINE AUCTION - STARTING BID of 130,000. Great location for residential investment. RESIDENTIAL INVESTMENT - FREEHOLD APARTMENT CLOSE TO LUTON TOWN CENTRE AND LONDON LUTON AIRPORT - Brick built first floor apartment consisting of two double bedrooms, separate reception room, kitchen/diner and bathroom. Well maintained communal areas and gardens. Same owner past 22 years. The property's location boasts excellent access to local shops and schools as well as the M1 and the Thameslink main line train station. Ideal investment property or first time buyer investment. Local Authority: Luton Borough Council

Situated within the town centre near Luton Town FC football ground (Kenilworth Road) with quick access to amenities on Hatters Way and close to the shopping and travelling facilities in Luton Town centre including Luton Train Station. Airport: London Luton Airport, previously called Luton International Airport, is an international airport located 1.5 miles east of Luton town centre in England, and is 28 miles north of Central London. Luton is a large town, borough and unitary authority situated in Bedfordshire, south east England, but in the East of England region for administrative purposes. It has a population of 213,052 (mid-2019 est.) and is one of the most populous towns without city status in the United Kingdom. It is also the most populous town in Bedfordshire. The town is situated on the River Lea, about 29 miles (50 km) northwest of London. The town's foundation dates to the sixth century as a Saxon outpost on the River Lea, from which Luton derives its name. Luton is recorded in the Domesday Book as Loitone and Lintone and boasts one of the largest churches in Bedfordshire, St Mary's Church, which was built here in the 12th century. There are local museums which explore Luton's history in Wardown Park and Stockwood Park.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Annual
Rent: 12,000 per year / 1,000 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes: Rental income 660 per calendar month - 7,920 per annum. PRT (Private Residential Tenancy Agreement).

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Pricing Information & Bidding

Opening Bid: £132,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.75% of Sale Price (Minimum £2,750 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 02 June 2022, 10am-3pm
Type: Timed Online Auction

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