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Home > Find a Property > SOLD: Leasehold Studio Flat – 37 Farley Lodge, Luton LU1 5EN

SOLD: Leasehold Studio Flat – 37 Farley Lodge, Luton LU1 5EN

Guide price £ 50,000

Key Features

  • 62 years remaining on lease at time of sale
  • Council Tax Band A • EPC Rating D
  • Ground Rent: £250 per annum
  • just 30 miles north-west of London
  • Leasehold studio flat with 215 sq ft of intelligently designed living space
  • Open-plan living area with integrated kitchenette and separate bathroom
  • Positioned in Luton's Farley Hill area
  • Private balcony overlooking Farley Lodge communal grounds
  • Tenanted investment generating £600 PCM rental income on a 6-year rolling lease
A three-story brick apartment building with multiple balconies and large windows. Some balconies have outdoor furniture. A parking area and several trees are visible in the background. The building is surrounded by greenery.
Property for sale by Auction A narrow outdoor staircase with a metal railing leads up to a blue door in the brick building at 37 Farley. The surrounding area looks weathered and slightly overgrown with moss and plants. An abandoned piece of fabric lies at the bottom of the stairs. Presented by Palace Auctions
Property for sale by Auction A small kitchen at 37 Farley features a washing machine, toaster, and sink on the left. A stove with an oven and various items on top is on the right. Cabinets above and below the sink and a door with a window next to the washing machine are visible. The floor is dark-colored. Presented by Palace Auctions
Property for sale by Auction A small bedroom at 37 Farley features a single bed against the wall, covered in grey bedding. Next to the bed is a wooden nightstand. At the foot of the bed is a washing machine with a small appliance on top. The floor is partially covered by a striped rug in brown, blue, and white. Presented by Palace Auctions
Property for sale by Auction A small room at 37 Farley with a single bed, a nightstand, and a colorful striped rug on a dark floor. There is a white washing machine, mini fridge, microwave, and kettle beneath a wall-mounted boiler. A door leads outside. Presented by Palace Auctions
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A three-story brick apartment building with multiple balconies and large windows. Some balconies have outdoor furniture. A parking area and several trees are visible in the background. The building is surrounded by greenery.
Property for sale by Auction A narrow outdoor staircase with a metal railing leads up to a blue door in the brick building at 37 Farley. The surrounding area looks weathered and slightly overgrown with moss and plants. An abandoned piece of fabric lies at the bottom of the stairs. Presented by Palace Auctions
Property for sale by Auction A small kitchen at 37 Farley features a washing machine, toaster, and sink on the left. A stove with an oven and various items on top is on the right. Cabinets above and below the sink and a door with a window next to the washing machine are visible. The floor is dark-colored. Presented by Palace Auctions
Property for sale by Auction A small bedroom at 37 Farley features a single bed against the wall, covered in grey bedding. Next to the bed is a wooden nightstand. At the foot of the bed is a washing machine with a small appliance on top. The floor is partially covered by a striped rug in brown, blue, and white. Presented by Palace Auctions
Property for sale by Auction A small room at 37 Farley with a single bed, a nightstand, and a colorful striped rug on a dark floor. There is a white washing machine, mini fridge, microwave, and kettle beneath a wall-mounted boiler. A door leads outside. Presented by Palace Auctions
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Description

SOLD by Palace Auctions’ Leasehold Sales Department—demonstrating our market-leading expertise in compact leasehold flat sales.

Sale Details

• Sale Method: Auctioned via Palace Auctions Leasehold Sales Department
• Sale Status: SOLD

Nestled within the well-maintained Farley Lodge development, this leasehold studio flat offered investors a hassle-free entry point into Luton’s stable property market. With 215 sq ft of open-plan living space, high windows flood the apartment with natural light. Meanwhile, the private balcony provides a welcome outdoor retreat. The integrated kitchenette and separate bathroom maximize functionality in this compact footprint.

Moreover, the property’s secure tenancy—delivering £600 PCM—underscores its strong income potential for buy-to-let investors. Service charges and ground rent remain competitive. The 62-year lease term ensures long-term security. In 2024, Luton’s average one-bed leasehold flat sold for £150,147. This highlights the value proposition of this studio opportunity.  

Farley Hill’s local property market has appreciated by 33.5% over the past decade, with average building values now around £67,004—reflecting sustained demand for affordable, well-located homes. Ease of access to Luton town centre, rail connections to London, and nearby amenities make this a particularly attractive proposition.

Location & Connectivity

• 0.5 miles to Luton Town Centre and retail amenities
• 0.4 miles to Luton Station (Thameslink services to London)
• Immediate access to bus routes and Leagrave Road
• 30 miles from Central London by rail or road 

Additional Information

• Map & Street View: Google Maps link | Street View
• Internal Link: Leasehold Sales Department
• External Link: Luton Borough Council

Key Takeaway: This sale reinforces Palace Auctions’ position as the go-to specialists for leasehold flat auctions—delivering secure, transparent transactions and maximum value for clients.

For a complimentary valuation of your leasehold flat, contact our Leasehold Sales Department today.

Get in touch

Tom Barrett Palace Auctions Director Company Director/Sales Director

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Mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. © Crown Copyright. All rights reserved. Licence number 100022432. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty’s Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020

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