Studio flat · LU2 0EX
Listing removedListed 438 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Un-Broken freehold for sale. The block consists of 5 units, comprising, 2 × 2 bedroom houses, 2 × 1 bedroom houses and 1× 1 bedroom ground floor flat.
There are five parking spaces to the rear and multiple parking to the front. There is potential to increase the building size by going into the air space above, subject to permitted development.
We believe two further apartments could be created. The building currently produces circa £68,000. However we believe the ERV to be closer to £75,000.
The building is fully let, so as not to cause the tenants an inconvenience, proof of funding would need to be provided prior to any internal viewings being arranged.
External viewing is permitted at your convenience. NB: There are already 5 leases created for ease of obtaining buy to let mortgages.
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
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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 230 Hitchin Road, Luton, LU2
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