£850,000
8 bed detached house for saleLondon Road, Luton LU1
8 beds
8 baths
8 receptions
- Freehold
Penrose Estate Agents
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About this property
Multi-unit investment – Six one-bedroom flats/maisonettes + two studios
Private gardens – Two ground-floor units feature their own outdoor space
Fantastic location – South Luton, near town centre and J10 of M1
Recently refurbished units – New kitchens and modern shower rooms in select flats
Value-add potential – Opportunity to upgrade and maximize returns.
Strong rental yield – Approximately £7,100 - £7,250 per month.
Title split possibility – Future potential for separate ownership
Large basement, front parking, and storage garage.
London Road, Luton
Nestled in the heart of South Luton, just moments from the bustling town centre and J10 of the M1, this substantial multi-unit property presents a rare and lucrative investment opportunity. Originally a large family home and then used as a care home, this character building now comprises six one-bedroom flats and maisonettes, alongside two studio apartments, each offering a unique layout and potential.
The property features a range of unit sizes, some more spacious than others, ensuring versatility for different tenant needs. Two of the ground-floor units benefit from private rear gardens, making them particularly desirable for those seeking outdoor space. Inside, certain flats have been refurbished with brand-new kitchens and modern shower rooms, while others offer an opportunity for upgrading and enhancement, allowing investors to maximize returns.
With an estimated combined rental income of £7,100 - £7,250 per month, this property promises an impressive yield. Additionally, there is scope for splitting the title into separate ownerships in the future, providing even greater flexibility. Investors will also benefit from a large basement area, front parking, and a spacious storage garage, adding practicality to the already extensive offering.
Located in a high-demand area, this property is primed for strong rental occupancy, benefitting from proximity to essential amenities and excellent transport links. Whether you’re looking for an income-generating asset or a long-term development opportunity, this is a standout investment in the thriving Luton market.
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