331, High Town Road, LUTON, Bedfordshire, LU2 0DB

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

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: ★★★☆☆