8 bed terraced house for sale

Luton LU2

MyEstate Luton are pleased to offer for sale this

This is a rare opportunity to acquire a high-performing, income-generating asset delivering approximately £63,000 per annum, representing an impressive ~13%+ gross yield based on the asking price of £460,000

Full Description

This impressive property has been thoughtfully configured to maximise rental income and offers a well-balanced mix of accommodation, comprising:

• Six double bedsits
• One single bedsit
• One self-contained one-bedroom flat
• Two kitchens
• Separate laundry room

The property has recently undergone a comprehensive refurbishment and is presented in excellent condition throughout, making it a turnkey investment for any landlord seeking a ready-made, low-maintenance asset.

Approximately half of the property is currently let, providing immediate income from day one, with the remaining units offering clear scope to achieve full occupancy.

Income Breakdown

• 6 x Double Bedsits @ £650 pcm = £3,900 pcm
• 1 x Single Bedsit @ £625 pcm = £625 pcm
• 1 x One-Bedroom Flat @ £725 pcm = £725 pcm

➡ Total Rental Income: £5,250 pcm
➡ Annual Income: £63,000

Location

Situated on the popular Old Bedford Road, the property benefits from:

• Easy access to Luton Town Centre
• Close proximity to Luton Train Station
• Excellent connectivity to the M1 motorway
• Strong and consistent demand from professional tenants

Key Features

• Fully refurbished HMO investment
• Six double bedsits
• One single bedsit
• One self-contained one-bedroom flat
• Two kitchens
• Separate laundry room
• Part income already in place
• Approx. £63,000 per annum income
• Approx. 13%+ gross yield
• Prime Old Bedford Road location
• Excellent transport links

Additional Information

Further photographs of the remaining accommodation will be added shortly. Early viewing is strongly recommended to fully appreciate the size, layout, and income potential of this property.

Disclaimer

The information provided is for general guidance only and does not form part of any offer or contract. All details, including rental figures, are provided in good faith but should be independently verified by prospective purchasers.

Some photographs may have been enhanced and include staging for marketing purposes to demonstrate the potential of the property.

Roof type: Slate tiles.

Mobile signal/coverage: Good.

Flooded in the last 5 years: No.

Does the property have flood defences?
No.

Building Safety: None of the above.

Construction materials used: Brick and block.

Water source: Direct mains water.

Electricity source: National Grid.

Sewerage arrangements: Standard UK domestic.

Heating Supply: Central heating (gas).

Does the property have required access (easements, servitudes, or wayleaves)?
No.

Do any public rights of way affect your your property or its grounds?
No.

Parking Availability: No.

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