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121 Dunstable Road, Luton, Bedfordshire, LU1 1BW
£350,000 Offers in excess of
A fantastic investment opportunity has arisen to acquire a freehold terraced building located on Conway Road, LU4 8JA in Luton, offered with no ground rent or service charges.
This well-positioned property comprises three self-contained flats, including two one-bedroom flats and one spacious two-bedroom flat. Each unit offers practical and comfortable living accommodation, making the building highly attractive to tenants and providing a strong and consistent rental income potential. The mix of flat sizes appeals to a wide range of renters, from single professionals to couples and small families.
The property is set within a popular and established residential area, known for its convenience and accessibility. Conway Road is ideally located close to a variety of local amenities, including supermarkets, convenience stores, cafs, and takeaway options, all within easy reach. Luton town centre is also a short distance away, offering a wider range of shopping, dining, and leisure facilities.
The area benefits from good transport links, with regular bus services nearby and easy access to Luton train station, providing direct routes into London and surrounding areas. The M1 motorway is also easily accessible, making this location ideal for commuters.
Families and tenants alike will appreciate the selection of local schools in the surrounding area, further enhancing the long-term rental appeal of the property. The neighbourhood has a strong rental demand, making this an excellent choice for investors looking to expand their portfolio.
A key advantage of this property is that it is freehold, meaning there are no ongoing ground rent or service charges, allowing for higher net returns and greater control for the owner.
Overall, this is a solid investment opportunity offering multiple income streams, strong tenant demand, and a convenient location close to amenities, schools, and transport links.
Flat 1-
Bedroom: 1103 x 1509
Lounge: 1101 x 1111
Bathroom: 406 x 702
Flat 2-
Bedroom: 1002 x 1011
Lounge/ Kitchen: 1204 x 1011
Bathroom: 407 x 709
Flat 3 - TBA
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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