Summary - 50A RUSSELL RISE LUTON LU1 5EX
4 bed 1 bath Terraced
Chain-free Victorian terrace with HMO potential close to Luton Airport..
Chain-free Victorian terrace with period bay window
Flexible layout: four bedrooms + ground-floor fifth bedroom
Secluded small rear garden
Close to Luton Airport, rail links and town centre
Single bathroom for up to five bedrooms
Interior dated; requires modernisation and likely redecoration
High-crime, very deprived area may affect rents and management
Potential for HMO conversion subject to permissions
Chain-free and centrally located, this Victorian terraced house on Russell Rise offers clear short-term rental upside and longer-term redevelopment potential. The property currently provides flexible accommodation across four first-floor bedrooms plus a ground-floor reception room converted to a fifth bedroom, making it attractive to Buy-to-Let operators and suitable for HMO conversion subject to permissions.
The house benefits from quick access to Luton Airport, mainline rail links and local transport, supporting strong tenant demand from airport workers and commuters. A secluded rear garden and traditional bay-fronted façade retain period character, while compact overall footprint and a single bathroom keep running costs and refurbishment scope straightforward.
A realistic investor should note material drawbacks: the interior is dated and will require modernisation to reach top-market rents, there is only one bathroom for up to five bedrooms, and the immediate area records high crime and very high deprivation indexes. These factors affect tenant mix, rental rates and insurance/management costs. Planning and licensing will be needed to operate as an HMO.
For buyers prepared to invest in refurbishment and active management, the property offers a clear path to improved income and capital growth driven by location and flexible layout. Viewing is recommended to assess conversion potential and exact scope of works.
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