Summary -
6, Shirley Road,LUTON,LU1 1NZ
LU1 1NZ
2 bed 1 bath Terraced
Tenanted investment or starter home with refurbishment potential and excellent transport links.
Two double bedrooms and two reception rooms
This two-bedroom Victorian terrace in Dallow offers a straightforward investment or starter-home opportunity. Currently tenanted at £1,250 pcm, the property produces £15,000 per year (approx. 6.25% gross yield at the current asking price of £240,000) and is offered freehold with no upper chain complications.
Internally the house is well presented in parts: two reception rooms, a fitted kitchen, shower room and two double bedrooms across circa 775 sq ft. It benefits from double glazing and gas central heating, and a small rear garden – practical for tenants or a small family. Broadbands are fast and mobile signal is excellent, making it convenient for modern occupants.
Externally and structurally this is a Victorian terrace that requires some cosmetic updating; the façade and parts of the property are dated and there is clear potential for refurbishment to raise rental value or resale price. The plot is small and room sizes are modest, so expect limited expansion potential. Local crime levels are above average and the area is relatively deprived, which should be factored into letting strategy and insurance costs.
Location is a key strength: under a mile from Luton station, with good bus links to Luton and Dunstable and quick access to the M1 and Luton Airport Parkway. Nearby schools and a wide range of local shops and amenities add practical appeal for tenants or first-time buyers. This will suit a buy-to-let investor seeking an income-producing property with upside from modernisation, or a first-time buyer willing to improve a compact Victorian home.
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