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121 Dunstable Road, Luton, Bedfordshire, LU1 1BW
£490,000
Bedrooms
Bathrooms
Licensed 6-Bedroom HMO Investment Opportunity Eaton Valley Road, Luton
An excellent opportunity to acquire this licensed 6-bedroom HMO (House in Multiple Occupation) situated on the ever-popular Eaton Valley Road in Luton. Fully compliant and currently generating strong rental income, this property is ideal for investors seeking a ready-made portfolio addition in a high-demand rental location.
Property Highlights:
Fully licensed 6-bedroom HMO
Five double bedrooms and one single room, all well-proportioned
Communal living area and modern fitted kitchen
Two bathrooms shared between tenants
Private rear garden
Gas central heating and double glazing throughout
Well-maintained condition with compliant fire safety measures
Located in a sought-after area of Luton, the property is within close proximity to Luton Town Centre, Luton Train Station, University of Bedfordshire, and major transport routes including the M1 and Luton Airport. Local amenities, shops, and bus routes are all within easy walking distance.
Viewings by appointment only contact us today to arrange yours.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
121 Dunstable Road, Luton, Bedfordshire, LU1 1BW
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