Napier Road, Luton

This terraced house offers an attractive investment opportunity, particularly with its asking price of £275,000, which comes in at £243/sqf — significantly below the local average of £331/sqf. This presents a strong chance for buyers looking to acquire a property with established rental income and potential for future development. The property currently consists of two flats generating an annual income of £23,100, boasting a gross yield of 8.4%.

While the overall condition of the house is good, with some dated features, the kitchen is well-maintained and functional, and the living areas are in good shape. The bathroom does show signs of wear, but it remains fully operational. The presence of a basement with potential for conversion adds another layer of opportunity, allowing for the possibility of creating additional rental space or independent access, subject to planning permissions. Overall, this property strikes a balance between immediate rental income and the potential for enhancement, making it appealing for both landlords and investors.