Summary - 50 CHEAPSIDE LUTON LU1 2HN
10 bed 1 bath Block of Apartments
Ready-income HMO near station, fully let and recently refurbished for investors.
- Freehold HMO: nine en-suite studios plus one one-bedroom basement apartment
- Current annual income £83,760 (total monthly £6,980) from assured shorthold tenancies
- Renovated and extended in 2023; studios furnished and independently metered
- Privately gated rear parking accessed via shared driveway
- EPC rating D; utilities individually metered and tenant-payable
- Sold by public auction 22 Oct 2025; open-house viewings provided
- Purchaser administration fee £1,500 incl. VAT; check legal pack for disbursements
- Located in a very deprived, multicultural student neighbourhood (demand risk)
A substantial freehold block in central Luton, offered with a full HMO licence and all units currently let. The building comprises nine en-suite studio flats over three floors plus a self-contained one-bedroom basement apartment, refurbished and extended in 2023 to a high standard. Current documented rental income is £6,980 pcm (£83,760 pa) with independent meters and furnished studios — a ready-made income stream for a buy-to-let investor.
Practical benefits include a privately gated rear parking area accessed via a shared driveway, fast broadband and excellent mobile signal, and proximity to the mainline station, Arndale shopping centre and a wide range of local amenities. The property produces immediate rental income and sits in a multicultural, student-oriented neighbourhood that supports steady demand for HMO accommodation.
Buyers should note this lot will be sold at public auction on 22 October 2025; viewings are scheduled as open-house events beforehand. There is an administration charge of £1,500 (incl. VAT) payable by the purchaser; VAT is not applicable to the sale. An EPC rating of D is recorded and buyers are advised to consult the legal pack for any disbursements or conditions.
The building sits within a very deprived area classification which can affect future capital growth and tenant turnover; however crime is recorded as very low. The property was renovated in 2023 and is largely ready for continued letting, though prospective purchasers should check service availability and the full legal pack prior to bidding.
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