Detached house for sale in Hart Hill Drive, Luton LU2
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Property features
- Freehold block of eight apartments
- Planning previously granted for ninth apartment to ground floor garage space
- Private road within walking distance to station
- Annual rent produced circa £80,000
- Penrose can administer and manage tenancy take over and ongoing management
- Ideal HMO conversion project
- Further potential to extend to both side of the building subject to planning
Property description
Freehold Block Of Eight Apartments On Private Drive
Penrose are delighted to present to the market this exciting freehold opportunity situated along a private drive within the st Annes/Town centre boarders a short distance from the new Luton Football stadiums proposed site, Power Court. This offers any buyer confidence in the capital growth of the property with an area earmarked for major development as well as the instant rental return
The property is currently made up of and rented as eight apartments of differing sizes and layouts which can be seen on the adverts measured floorplan. Currently four studio flats, three one bedroom apartments and a two bedroom top floor penthouse apartment.
The garage space on the ground floor has also previously been granted planning permission to convert into a ninth unit. All apartments are currently occupied and Penrose can act as management agents for any new buyer. The property is generating in the region of £80,000 rental income. The property is situated on a secluded private road within easy walking distance to Luton town centre as well as the train station making it an attractive option for tenants.
For more information about this property, please contact
Penrose Estate Agents, LU2 on +44 1582 936653 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Penrose Estate Agents, and do not constitute property particulars. Please contact Penrose Estate Agents for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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