Summary - 40, Lyndhurst Road, LUTON LU1 1LN
6 bed 4 bath Terraced
Turnkey HMO near station and university with option to expand earnings.
- Licensed six-bedroom HMO with proven monthly income of approx. £3,225
- Option to purchase adjacent property for combined income approx. £6,605
- Self-contained rear studio with separate kitchen and shower
- Four rooms include individual kitchenette facilities for tenant privacy
- Small-to-average room sizes; suited to single-occupancy lets
- Limited external space; rear garden currently shared, small forecourt
- Solid brick walls likely lack insulation; refurbishment potential
- Located within walking distance to town centre, station and university
A late-Victorian mid-terrace arranged and licensed as a six-bedroom HMO, this property delivers a proven rental income and immediate cashflow. The layout includes five lettable rooms in the main house (four doubles, one single), two en-suites, a communal kitchen and shower room, plus a self-contained rear studio with its own kitchen and shower. Four rooms have kitchenette facilities, improving tenant privacy and appeal.
Positioned within walking distance of Luton town centre, the train station and the university, the house benefits from consistent demand from students, commuters and professionals. The property is connected to mains gas central heating, double glazing installed after 2002, and there is a communal pay-as-you-go laundry shared with the adjoining property.
Notable positives include immediate rental income (approx. £3,225 pcm alone; approx. £6,605 pcm if purchased with the neighbouring house) and the option to buy the adjacent property for a combined investment. Rooms are generally small-to-average, typical of converted period terraces, and the overall footprint suits rental occupation rather than family living.
Buyers should note material drawbacks plainly: the property sits in a very deprived area with high local crime rates; external space is limited to a small forecourt and a partly shared rear garden (fence can be reinstated). Walls are solid brick with assumed no insulation, and some rooms and finishes will require maintenance or updating to maximise rental value and long-term yields.
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