£294,995
4 bed terraced house for saleLuton LU1
4 beds
2 baths
1 reception
Just added
About this property
Kitchen-Diner
Garden
An excellent opportunity to acquire a substantial freehold investment property on the sought-after Ashburnham Road, Luton, LU1. Originally a four-bedroom house, the property has been converted into two self-contained flats, offering investors an attractive income-producing asset in an area with strong and consistent rental demand.
Located within close proximity to Luton town centre, Luton Railway Station and London Luton Airport, the property is ideally positioned to attract a wide range of tenants, including professionals, airport staff, commuters and families. The LU1 postcode continues to benefit from strong rental demand driven by excellent transport links, ongoing regeneration projects and convenient access to London.
Based on current local rental market conditions, the property has the potential to generate a combined gross rental income in the region of £1,900–£2,200 per calendar month (£22,800–£26,400 per annum), subject to tenancy type, specification and market conditions. At the asking price of £294,995, this represents a potential gross yield of approximately 7.7%–8.9%, making it an attractive proposition for buy-to-let investors seeking strong returns and long-term capital growth.
The property offers immediate income potential with the added benefit of a freehold title, providing investors with greater control over management and future value enhancement opportunities. There may also be scope to further optimise rental income through refurbishment or strategic asset management, subject to the necessary consents and regulations.
Ground Floor Flat Measurements
Bedroom 1 10’04” x 14’00”
Living room 16’08” x 10’08
Bedroom 2 6’02” x 11’03”
Kitchen 6’07” x 9’01”
Bathroom 2’10” x 8’10”
First Floor Flat Measurements
Lounge 11’05” x 15’03”
Bathroom 4’06” x 9’09”
Bedroom 1 9’09” x 6’11”
Bedroom 2 11’04 x 9’01”
Located within close proximity to Luton town centre, Luton Railway Station and London Luton Airport, the property is ideally positioned to attract a wide range of tenants, including professionals, airport staff, commuters and families. The LU1 postcode continues to benefit from strong rental demand driven by excellent transport links, ongoing regeneration projects and convenient access to London.
Based on current local rental market conditions, the property has the potential to generate a combined gross rental income in the region of £1,900–£2,200 per calendar month (£22,800–£26,400 per annum), subject to tenancy type, specification and market conditions. At the asking price of £294,995, this represents a potential gross yield of approximately 7.7%–8.9%, making it an attractive proposition for buy-to-let investors seeking strong returns and long-term capital growth.
The property offers immediate income potential with the added benefit of a freehold title, providing investors with greater control over management and future value enhancement opportunities. There may also be scope to further optimise rental income through refurbishment or strategic asset management, subject to the necessary consents and regulations.
Ground Floor Flat Measurements
Bedroom 1 10’04” x 14’00”
Living room 16’08” x 10’08
Bedroom 2 6’02” x 11’03”
Kitchen 6’07” x 9’01”
Bathroom 2’10” x 8’10”
First Floor Flat Measurements
Lounge 11’05” x 15’03”
Bathroom 4’06” x 9’09”
Bedroom 1 9’09” x 6’11”
Bedroom 2 11’04 x 9’01”
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Monthly repayment
£1,475 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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