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London Road, Luton

PROPERTY TYPE

Detached

BEDROOMS

8

BATHROOMS

8

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • 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.

Description

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.

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Off street
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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London Road, Luton

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About Penrose Estate Agents, Luton

386 Hitchin Road Luton LU2 7SR
ABOUT US
Penrose Estate Agents - Your Agent Of Choice

Our names are Richard, Ben and Adam and we founded Penrose Estate Agents in 2016. Between us, we hold over thirty years of industry experience helping thousands of people in and around Luton complete their home moves.

We offer sellers and landlords a unique full range of marketing options, from an online only service through to traditional, fully managed moves.

We understand that our customers have very different desires and deserve a real choice on how we help them achieve the best possible price. By combining both the online and traditional services, we provide flexible solutions that will meet every customers demands.

When you instruct us to sell or rent your property you can rest assured you will be dealing with experienced and efficient property professionals, who care about both you and your home.

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£4,051
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Disclaimer - Property reference PNR_PNR_LFSYCL_524_685420727. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Penrose Estate Agents, Luton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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