- Nova Estate Agents +
- Press Play Button For 360° Walkaround Tour +
- Licensed Housing of Multiple Occupation (HMO) +
- Monthly Income Approx. £3,225 (or £6,605 if purchased with next door) +
- Option to Purchase Adjacent Property for a Combined Investment +
- 5 Bedrooms and 2 En-suite's +
- Additional self-contained studio unit to rear +
- Walking Distance to Luton Town Centre, Train Station & University +
- Excellent Investment Opportunity +
- Communal Kitchen & Shower Room +
Nova are delighted to present this well performing and fully licensed HMO located in the Dallow Road area, just a short walk from Luton Town Centre, Luton Train Station and The University of Bedfordshire. This property offers a proven monthly rental income of approximately £3,225, making it an ideal turnkey investment.
The property comprises 5 bedrooms within the main house: four doubles and one single. Two of the double bedrooms benefit from private en-suite shower rooms, while the remaining rooms are served by a modern shared shower room. Four of the bedrooms also feature their own kitchenette facilities, providing an excellent level of privacy and independence for tenants. There is also a communal kitchen and shower room available for shared use.
Located at the rear of the ground floor is a self-contained studio unit, complete with its own kitchen and shower room, offering an additional higher income stream and being a appealing accommodation option.
To the rear, the garden is currently shared between tenants of both properties, as both houses are adjoining terraces. It is possible to reinstate the fence once in ownership should you wish. There is also an extra section of garden space which is currently unused, presenting an opportunity for future enhancement such as extended garden space or the potential installation of a summer house (subject to usual permissions). A pay-as-you-go communal laundry room serves both properties.
In addition, the property next door is also available for purchase at the same price. When purchased together, the two properties offer a combined monthly income of approximately £6,605, with the sellers open to negotiation for a joint deal.
This represents a unique opportunity to secure a high-yielding, well located investment with consistent demand from professionals, commuters and students.
A viewing is strongly advised to appreciate the size, layout and investment potential on offer.