6 Bed HMO, Luton, LU1 1QR, £325,000

56 Downs Road, Luton, LU1 1QR - 2 views - 2 years ago

Sold STC
HMO
ROI: 13%
~186 m²
+14 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Room Rate

£576

Gross Rent

£3,456

Running Costs/mo

£2,408

Cashflow/mo

£1,048

Cashflow/yr

£12,582

ROI

13%

Gross Yield

13%













Property History

Listed for £325,000

April 24, 2023

Sold for £225,000

2019

Sold for £53,000

1997

Description

  • Great investment opportunity +
  • Potential to make into HMO +
  • Four separate units +
  • Off street parking +
  • Central location +
  • Call now to view +

Esquire are delighted to offer this spacious property for sale with the potential to make into an HMO. The property currently comprises of four separate dwellings to include; Ground floor studio apartment with kitchen and shower room, a ground floor one bedroom apartment, first floor two double bedroom apartment with open plan kitchen/lounge and a lower ground floor two bedroom apartment. The property is centrally located giving excellent access to local shops and schools as well as the M1 and Thameslink main line train station. This is an ideal investment opportunity, call now to view *nb - next door is also available for sale and both are income producing

Agent Details

Esquire Estates, Luton

01582 377323

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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