Terraced house for sale in Ridgway Road, Luton LU2
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Property features
- Nova Estate Agents
- Excellent investment opportunity
- HMO licensed
- 5 Bedrooms
- £30,000PA approx income
- Close to town centre and station
- Extended
- Tenants in situ
Property description
Situated on Ridgway Road, this residence presents an enticing prospect for investors keen on portfolio expansion. Operating as a House of Multiple Occupancy (HMO), all five rooms are presently occupied, yielding a commendable 8% return on investment with the promise of further growth. (subject to rent reviews)
The ground floor showcases a communal lounge area and a spacious kitchen, boasting ample cupboard space for residents. The accommodations on this level include two bedrooms; one, a larger than average room forming part of the rear extension, and the other a well sized double bedroom.
The first floor contains two double bedrooms, one single bedroom and a shared shower room. External features include a maintained rear garden with lawn and decking area. Residents can take advantage of permit parking at the front.
This property offers a hassle free investment opportunity for those eager to enrich their portfolio and seamlessly take over the existing tenancies.
Property info
For more information about this property, please contact
Nova Estate Agents, LU2 on +44 1582 944057 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Nova Estate Agents, and do not constitute property particulars. Please contact Nova 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.