End terrace house for sale in Barbers Lane, Luton, Bedfordshire LU1
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Property features
- Chain free
- Eight/nine bedroom investment opportunity
- Two communal rooms on ground floor
- Three bathrooms
- Scope for further development STPP
- Tenants in situ with income of approx 50k per annum
- Town centre location
- Within 1/4 mile from Luton train station
- Courtyard garden
- Fully licenced hmo
Property description
Barbers Lane, Luton
Penrose are delighted to offer this remarkable investment opportunity. Boasting eight generously sized bedrooms, three bathrooms, and two reception rooms, this property is the ultimate rental income powerhouse.
This promising property provides an impressive earning potential, currently generating an approximated annual income of £50,000 with reliable tenants in place. Take advantage of the hassle-free rental market, as this house is offered chain-free, ensuring a smooth transition for investors. For astute buyers seeking further development opportunities, there is substantial scope for improvement, subject to necessary planning permissions. Expanding the property's footprint or reconfiguring the existing space could unlock even greater returns on investment.
The location of this property is unbeatable, with its prime town centre positioning. Conveniently situated within a quarter-mile radius of Luton train station, commuting and travel have never been easier. Enjoy quick access to major transport links, connecting residents to nearby cities and beyond. Outside, a charming courtyard garden offers a tranquil retreat from the bustling city life. This additional space is perfect for residents to unwind, soak up the sun, or indulge in al fresco dining. Embrace the advantages of having an outdoor oasis in the heart of Luton. Moreover, this property comes with a fully licensed HMO, ensuring compliance with all necessary regulations. Savvy investors will appreciate the ease and simplicity of a fully licensed and managed property, guaranteeing the potential for a seamless investment journey.
Do not miss out on this incredible opportunity to secure a high-yielding investment property with considerable potential for further development. Contact our expert team now to arrange a viewing and explore the endless possibilities that await at this remarkable property in Barbers Lane, Luton.
Property info
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.