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London Road, Luton 8 bed detached house for sale
London Road, Luton
£850,000
London Road, Luton
£850,000
Our Summary
- 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
- 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
- Additionally, there is scope for splitting the title into separate ownerships in the future, providing even greater flexibility
- 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
- Title split possibility – Future potential for separate ownership
Description
Nestled in the heart of South Luton, this substantial multi-unit property offers a rare and lucrative investment opportunity. The character building, originally a large family home and then a care home, now comprises six one-bedroom flats and maisonettes, alongside two studio apartments, each with a unique layout and potential. The property features a range of unit sizes, some with private rear gardens, and some with refurbished kitchens and modern shower rooms, while others offer an opportunity for upgrading and enhancement. With an estimated combined rental income of £7,100-£7,250 per month, this property promises an impressive yield, and there is scope for splitting the title into separate ownerships in the future. The property also benefits from a large basement area, front parking, and a spacious storage garage, making it an attractive investment in the thriving Luton market.