2-bedroom terraced house · LU1 1QJ
Sold STCListed 12 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Venture Residential are delighted to present this fantastic investment opportunity, offering purchasers the chance to acquire a freehold property that has been converted into two self-contained one bedroom flats.
Originally constructed as a three bedroom mid-terraced family home, the property underwent conversion many years ago and now provides two separate residential units arranged over the ground and first floors.
The property presents an attractive opportunity for investors looking to expand their existing portfolio or those seeking an investment with the potential to generate rental income from two individual flats under one freehold title.
Ground Floor Flat The ground floor accommodation comprises a one bedroom flat featuring an entrance hallway, living room, separate kitchen, bathroom and a bedroom.
First Floor Flat The first floor offers a further self-contained one bedroom flat comprising a generously sized bedroom, living room, separate kitchen and bathroom.
Location One of the property's key selling points is its convenient location, within easy reach of Luton Town Centre and its extensive selection of shops, supermarkets, restaurants and everyday amenities.
Luton Train Station is also within walking distance, providing direct rail services towards London and making the location particularly appealing to commuters.
The University of Bedfordshire is situated nearby, further enhancing the property's appeal to the local rental market, including students and working professionals.
Investment Potential With two separate residential units already established, this freehold property offers an exciting opportunity for buy-to-let investors seeking to benefit from two potential rental income streams.
Properties of this nature can appeal to investors looking for flexible rental accommodation in a well-connected town centre location.
Early viewing is highly recommended to appreciate the accommodation, location and investment potential on offer. Contact Venture Residential today to arrange your viewing.
Notice Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items.
All measurements are approximate and photographs provided for guidance only.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 62, Grove Road, Luton
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