Fully licensed HMO with six lettable rooms and two studio flats
Reported rental income c. £3,000 pcm, rent-ready condition
Freehold, chain-free sale on a decent plot with enclosed rear garden
Victorian character: high ceilings, bay windows, stained-glass staircase
Scope to add two studio flats at rear, subject to planning (STTP)
Walking distance to Luton town centre and mainline station
Local area: very deprived with higher-than-average crime — factor costs
Conversion/refurbishment costs likely for any further works or upgrades
A fully licensed HMO arranged as six lettable rooms plus two self-contained studio flats, presented chain-free and described as rent-ready. The Victorian semi has period features—high ceilings, bay windows and decorative staircase—that appeal to tenants and support strong letting demand close to Luton town centre and station. Current gross rental income is reported at approximately £3,000 pcm.
The property is freehold and sits on a decent plot with an enclosed rear garden. There is clear development upside: scope to create two further studio flats at the rear, subject to planning (STTP), which could materially increase income. Excellent mobile signal and fast broadband support modern tenant expectations.
Buyers should note material factors plainly: the surrounding area is classified as very deprived with higher crime levels than average. Any investor should factor this into management costs, insurance and tenant vetting. The development potential at the rear requires planning approval and any refurbishment or conversion work will add cost.
Overall this is a practical buy-to-let opportunity for an investor or portfolio buyer seeking immediate rental income and further value through permitted development. The siting within walking distance of transport and town amenities supports lettability, while the period character provides rental appeal.
