8 bed bungalow for sale

Matthew Street, Dunstable LU6

Aura Estates presenting an excellent investment opportunity comprising a freehold commercial unit with a planning application pending for conversion to an 8-bedroom HMO. The proposed scheme offers 8 bedrooms, 7 with en-suite facilities, along with a large newly refurbished communal kitchen. The property further benefits from approximately 10 on-site parking spaces, a rare and valuable feature for an HMO of this size.
Ideally suited for HMO investors or developers, the property is well positioned within Dunstable, offering strong rental demand and attractive long-term returns (subject to planning).

🔑 Property Features:

✅ Freehold Commercial Unit
📝 Planning Application Pending for conversion to 8-Bedroom HMO
🛏 Proposed 8 Bedrooms (7 with En-suite Bathrooms)
🚿 7 En-suite Rooms + 1 Standard Room
🍽 Large Newly Refurbished Communal Kitchen
🚗 Approx. 10 On-Site Parking Spaces (rare for HMOs)
🏗 Excellent Development & Investment Opportunity
📈 Strong Rental Yield Potential (Approx. 11.6% – 12.6% Gross, subject to planning)
🏙 Well-Located in Dunstable with strong tenant demand
💼 Ideal for HMO Investors or Developers
🔒 Freehold Ownership – long-term security

📍Locations:

🏫 Primary Schools: Dunstable Icknield Lower School (~0.2 miles)
🩺 Eastgate Surgery and other practices within ~0.3–0.5 miles.
🚆 Nearest Train Station: Leagrave Station (approx. 3.1 miles) for rail connections to London and beyond.
🅿 Matthew Street Car Park: Public car park nearby with around 70+ spaces and disabled bays - useful for residents or visitors.
✈️ Approx. 6.6 miles (10.7 km) east of Dunstable - ~15–20 min by car or direct bus services available.

Indicative Rental Income & Yield (Subject to Planning Approval)

Based on current local market rents for en-suite HMO rooms in Dunstable, a realistic estimate would be:
•7 En-suite rooms @ approx. £650–£700 pcm
•1 Standard room @ approx. £550–£600 pcm

Estimated Gross Monthly Income

Approx. £5,100 – £5,500 pcm
Estimated Gross Annual Income
Approx. £61,200 – £66,000 per annum
Estimated Gross Yield
•At £525,000 purchase price:
Approx. 11.6% – 12.6% gross yield
(Figures are indicative only and subject to final layout, planning approval, and market conditions.)

Price: £525,000
For further information or to arrange a viewing, please get in touch at !