Sold for £181,000

---

A 2 storey freehold building arranged as 2 x 1 bedroom flats (441 sq ft and 452 sq ft, source EPCs), both let on ASTs producing £12,520 pa with potential to increase rents to £15,230 pa.

---

Description/Location

The building was granted a certificate of lawfulness by Luton Borough Council in 1993, the flats are let. The seller has advised that Gas Safety and NIC-EIC (electrical) certificates were issued for both flats in December 2020. Both flats are let on AST's, 43 currently produces £7360 pa and 43a £5160 pa. The seller has advised the local authority are likely to increase the rents in line with current market rates to £7,240 pa, for information contact the Luton Borough Council Housing Committee on 0300 790 0345.

Tenure

Freehold

Local Authority

Viewing

Please contact Elliott Network Auctions on 01923 240420

Accommodation

Flat 43 Ground floor 1 bed, 452 sq ft, Energy Rating F. Flat 43a First Floor 1 bed, 441 sq ft. Energy Rating E.

Rent

Current Rent: £15,230 pa ERV: £15,230 pa

Virtual Tour

Virtual Tour 43 Wimborne Road upper flat
Additional Virtual Tour video

View Larger Map

View larger map on Google Maps.

*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.