An excellent opportunity to acquire a vacant six-bedroom HMO in one of Luton's most established rental locations. This substantial investment property offers spacious accommodation, strong rental demand and excellent long-term income potential, allowing the successful purchaser to refurbish, furnish and let the property immediately to maximise returns.
Situated on the popular Lyndhurst Road, the property is ideally positioned for access to Luton town centre, London Luton Airport, the University of Bedfordshire and Luton Railway Station, ensuring consistent demand from professional tenants.
At the guide price of £370,000, an investor achieving an average rental income of approximately £670 per room per calendar month (subject to occupancy, operating costs and management) would generate a gross annual yield of around 13%.
The property is offered with vacant possession, giving the new owner the opportunity to refurbish, furnish and implement their own letting strategy from day one, without the complication of existing tenancies.
Whether you are expanding an existing HMO portfolio or entering the investment market, this property represents an excellent opportunity to acquire a substantial income-producing asset in a prime rental location.
Guide Price: £370,000
For further information or to arrange a viewing, contact MyEstate today.
Tenure : Freehold
Council Tax Band : B
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