1 bed flat for sale

Trinity Road, Luton LU3

This Property is Being sold by Purplebricks Modern Auction.

A fantastic opportunity for cash buyers and investors to acquire this one-bedroom flat, offering strong rental potential and the opportunity to achieve an attractive gross yield in excess of 8% +.

The property comprises a spacious living area, separate kitchen, double bedroom and bathroom, making it an ideal addition to a buy-to-let portfolio or a straightforward investment.

Due to the short lease (approximately 43 years remaining), this property is available to cash buyers only. With the option to extend the lease, it represents an excellent investment opportunity, offering outstanding value and the potential for a strong return. Whether you're looking to add to your portfolio or secure a project with significant upside, this is an opportunity not to be missed.

Modern method of auction is a faster and more secure way to sell or purchase a property, where the seller and the buyer commit to the transaction and an agreed fixed timescale.

A legal pack (including searches) will be created upfront and made available to any interested parties and passed to the conveyancers once a sale has been agreed. Please contact Purplebricks to view these documents.

When an offer is accepted, the buyer will be required to pay a non-refundable Reservation Fee of £6995 including VAT (in addition to the final negotiated selling price), sign a Reservation Form and agree the Terms and Conditions prior to solicitors being instructed. If you require a copy of these documents, or for further information, please contact the Purplebricks Secure Sales team

Property Ownership Information

Tenure

Leasehold

Council Tax Band

A

Annual Ground Rent

£12.00

Ground Rent Review Period

Every 1 year

Annual Service Charge

£2,200.00

Service Charge Review Period

Every 1 year

Lease End Date

20/06/2069

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. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks 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.