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121 Dunstable Road, Luton, Bedfordshire, LU1 1BW
£549,999 Offers in excess of
High-Yield Investment Opportunity Dual Property Acquisition in Luton
An exceptional opportunity to acquire two income-producing residential properties in the strong and consistently performing rental market of Luton. Offered as a single lot, this investment provides immediate rental income alongside clear potential for yield enhancement and long-term capital growth.
47 Baker Street is a three-bedroom end-of-terrace property, well suited to family letting and capable of achieving an estimated rental income in the region of 1,2001,400 per calendar month, equating to approximately 14,40016,800 per annum.
3 Edward Street, a larger four-bedroom property, offers increased income potential with estimated rental figures of 1,6001,900 per calendar month, generating approximately 19,20022,800 per annum. Combined, the properties present a projected gross annual income of 33,60039,600.
Based on current market conditions in Luton, this equates to an estimated gross yield in the region of 6%8%, with further scope to increase returns through refurbishment, rental optimisation, or alternative letting strategies such as HMO (subject to necessary consents). Both properties are positioned in areas with strong tenant demand, supported by excellent transport links and local amenities, ensuring consistent occupancy and long-term investment stability.
Map location is not available for this property.
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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