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331, High Town Road, LUTON, Bedfordshire, LU2 0DB
House Investment, Luton
331, High Town Road, LUTON, Bedfordshire, LU2 0DB
For Sale
£280,000+
Marketed by:
Barnard Marcus
Sovereign House, 361 King St, London W6 9NA, UK
020 8741 9990
Auction Details :
Barnard Marcus
Auction Date :
10/09/26
Lot Number :
032
Key Features
House
Published rental income approximately £9,000 per annum
Freehold
EPC rating C
Description
Internally the property is arranged to provide six units arranged as: First Floor: Three units with Kitchenette and shower room/WC Ground Floor: Three units with Kitchenette and shower room/WC Accommodation/Tenancy: Unit 1 Tenancy - Assured Shorthold Tenancy Current Rent: £750 PCM
Location
The property is ideally located for ease of access to Luton town centre which is within 1 mile walk and offers a comprehensive range of shopping facilities and recreational pursuits. The airport is a substantial employer in the area, and this is located within 3 miles of the property. There is also demand for housing in the area from students at the University of Bedfordshire with the Park Place campus within some 20 minutes’ walk. Public transport links in the area include local bus services whilst the mainline rail station is less than 1 mile from the property. There is a good range of recreational pursuits available in the area with open spaces of Peoples Park and Popes Meadow both within easy walking distance.
Investment Analysis
Investment Snapshot
Guide Price | £280,000+ |
Tenure | Freehold |
Property Type | Residential, Investment, Tenanted |
EPC | C |
Published Rent | £9,000 pa |
Initial Refurbishment Allowance | £10,000–£20,000 |
Suggested Strategy | Long-Term Buy-to-Let |
Gross Yield on Guide | 3.2% |
Property & Refurbishment
Initial feasibility allowance: £10,000–£20,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.
Rental Analysis
The auctioneer-published rent identified in the source is approximately £9,000 per annum.
GDV / Resale Analysis
No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.
Properties Sold Within Approx. 5 Miles
No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.
Investor Risks & Due Diligence
Review the full legal pack and title before bidding
Confirm all auction administration / contract charges
Verify property condition and obtain appropriate surveys
Confirm refurbishment costs with contractor quotations
Verify tenancy documents, rent history and deposit compliance
Recommendation
Preferred strategy: Long-Term Buy-to-Let. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.
Strategy Rating
Buy-to-Let: ★★★★☆
BRRR: ★★★☆☆
Flip: ★★★☆☆
Property Location:
331, High Town Road, LUTON, Bedfordshire, LU2 0DB
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