HIGH-YIELD HMO INVESTMENT | APPROX. 13%+ RETURN | £63,000 PER ANNUM | FULLY REFURBISHED

Asking Price £600,000

 LUTON, LU2
Asking Price £600,000
  • 8
    Bedrooms
  • 8
    Bathrooms

Property Information

  • Reference number 112_OBR_HMO_SALE
  • Property Type Terraced
  • Furnishing Part Furnished
  • Sale classification Buy to Let
  • Current Occupant External Tenant
  • Market info

Property Description

MyEstate Luton Limited are pleased to offer for sale this high-yielding, fully refurbished investment opportunity

Investment Overview

A rare opportunity to acquire a high-performing, income-generating HMO asset producing approximately £63,000 per annum, reflecting an attractive ~13%+ gross yield based on the asking price of £460,000.

This is a turnkey investment, ideal for landlords seeking immediate income with further upside through full occupancy.

Accommodation

The property has been intelligently configured to maximise rental return and comprises:

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

The layout provides a strong balance between high-density income generation and practical, tenant-friendly living.

Condition

The property has recently undergone a comprehensive refurbishment programme and is presented in excellent condition throughout.

This allows for:

  • Immediate letting
  • Minimal initial capital expenditure
  • Reduced maintenance risk

Income Profile

  • 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 Income: £5,250 PCM
Annual Income: £63,000

Approximately 50% of the property is currently let, providing income from day one, with clear potential to enhance returns as remaining units are occupied.

Location

Positioned on the highly sought-after Old Bedford Road, the property benefits from:

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

This is a proven rental location, supporting long-term occupancy and stable yields.

Key Features

  • Fully refurbished HMO investment
  • Approx. £63,000 per annum income
  • Approx. 13%+ gross yield
  • Mixture of bedsits and self-contained accommodation
  • Two kitchens & dedicated laundry facilities
  • Part income already in place
  • Scope to increase occupancy and optimise returns
  • Prime location with excellent transport links

Additional Information

Further photographs of the remaining accommodation will be added shortly.

Early viewing is strongly recommended to fully appreciate the scale, condition, and income potential of this investment.

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 images may include staging or enhancement for marketing purposes.



Tenure  : Freehold

Council Tax Band  :  B

  • Construction materials used: Brick and block
  • Water sources: Direct mains water
  • Electricity source: National Grid
  • Sewerage arrangements: Standard UK domestic
  • Heating Supply: Central heating (gas)
  • Mobile signal/coverage: Good
  • Building Safety: None of the above
  • Flooded in the last 5 years: No
  • 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
  • Does the property have flood defences?: No
  • Parking Availability: No

Key Features

  • Terraced
  • On-road Parking
  • Garden
  • En-suite
  • Fridge Freezer
  • Full Double Glazing
  • Washing Machine
  • Oven/Hob
  • Gas Central Heating Combi Boiler
  • Double Bedrooms
  • Large Gardens

Floor Plan

Garden

Download EPC

Location

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