Looking For A Solid Investment Opportunity With Strong Rental Potential? This property in Farley Hill, Luton, presents a unique chance to secure not just one, but two income-generating flats, with an added bonus of a substantial outbuilding ready for conversion.

Currently, the two three-bedroom flats are rented out as serviced accommodation, bringing in a combined total of £3,400 per month.

The Flats:

Both flats offer spacious layouts and have been designed with comfort and convenience in mind.

GROUND FLOOR |

The ground-floor flat features a large open-plan living space measuring 32' 6 x 9' 8 (9.91m x 2.95m), which seamlessly blends the lounge and kitchen areas. French doors and skylights flood the room with natural light, creating a bright and welcoming atmosphere.

The modern kitchen is well-equipped with a gas hob, electric oven, and space for all your essential appliances.

Three generously sized bedrooms, including one at 13' 3 x 11' 8 (4.04m x 3.56m), provide ample space for family living or guests.

The enclosed rear garden offers outdoor space that’s both private and practical, and there’s an off-road parking space available too.

FIRST FLOOR |

The first-floor flat also offers plenty of space with a similar airy feel.

The living room measures 14' 1 x 11' 9 (4.29m x 3.58m), and the kitchen, a comfortable 9' 8 x 8' 9 (2.95m x 2.67m), is equipped with a gas hob and electric oven, perfect for those who love to cook.

Three double bedrooms span across two floors, including a large 14' 7 x 9' 2 (4.45m x 2.79m) room on the second floor.

The flat has been freshly decorated throughout and comes with a modern fitted bathroom and additional toilet.

Additional Potential:

But what really elevates this property’s potential is the large outbuilding at the rear of the garden. Already connected to water, electricity, and plumbing, it’s ready to be converted into a two-storey unit of approximately 800 sq. ft. With some development work, this space could easily bring in an additional £1,500 per month in rental income.

Location:

Farley Hill is one of Luton’s most sought-after areas, known for its sense of community and excellent transport links. Luton town centre and the main train station are under a mile away, offering fast connections to London and beyond. Luton Airport is a mere 10-minute drive, and the M1 is easily accessible, making this location perfect for professional tenants, commuters, or those looking for short-term stays.

With a combined potential income of nearly £5,000 per month, this property offers both immediate returns and long-term investment growth. Whether you’re looking to expand your property portfolio or enter the serviced accommodation market, the opportunity here is undeniable.