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Luton LU1 1 bed apartment for sale
Luton LU1
£1,100,000
Luton LU1
£1,100,000
Our Summary
- Offering a strong rental income, this investment opportunity comprises 9 generously sized en-suite bedrooms and a self-contained 1-bedroom basement apartment, providing a well-organised layout designed for tenant comfort
- With rental rates unchanged since initial occupancy, there is potential for future increases, further enhancing its investment prospects
Description
This freehold, fully licensed HMO mid-terrace property in Luton offers a strong rental income with 9 en-suite bedrooms and a self-contained 1-bedroom basement apartment. The property is well-organized and designed for tenant comfort, with each bedroom and the basement apartment independently metered for utilities. The property is fully occupied, generating an annual income of £83,460 with potential for future increases. The location is ideal, with walking distance to the town centre, local transport links, and proximity to Luton Railway Station and M1 motorway. The property is an exceptional investment opportunity, offering a high rental yield and excellent accessibility.