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Conway Road, Luton, Bedfordshire, LU4 8JB - Image 1
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Conway Road, Luton, Bedfordshire, LU4 8JB - Image 3
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Conway Road, Luton, Bedfordshire, LU4 8JB

East of England

£850,000
Listed on 29/01/2026

Property Details

Bedrooms
9
Type
Semi-detached house

Description

This remarkable 9-bedroom HMO on Conway Road presents a strategic investment opportunity with strong revenue generation potential and the added advantage of future development possibilities. Each bedroom is equipped with its own private en-suite, ensuring a desirable living arrangement that appeals to professionals looking for quality shared accommodation. Remarkably, the property currently generates around £70,000 annually, providing investors with a stable income stream. The interior boasts a well-thought-out configuration featuring two expansive communal kitchens designed to facilitate comfortable living for multiple residents while upholding a high standard of hygiene and space. Beyond its current use as an operational HMO, the property is situated on an extensive plot that may allow for the construction of an additional dwelling, subject to securing planning permission. Notably, the rear plot has independent access via Claremont Road, facilitating any prospective development without interfering with the existing housing setup. This unique feature significantly enhances both immediate cash flow and long-term value potential. This property represents a prime opportunity for astute investors keen to capitalize on consistent income alongside future growth prospects.

Investment Analysis

(LU4 area)
Area Average
£356/sq ft
Avg Rent (weekly)
£318
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (LU4)

Area prices are stable by +1.4% over the last 12 months
3 year growth: +2.2%
5 year growth: +23.8%
Investment Disclaimer: Analysis based on LU4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Conway Road, Luton, Bedfordshire, LU4 8JB
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,066
Based on a loan of £637,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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