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, cafés, 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
Tenure : Freehold
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 0 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 3 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £425k | 0(5)** | ||
| £425k to £625k | 5 | ||
| £625k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
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