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Ridgway Road, Luton

PROPERTY TYPE

Terraced

BEDROOMS

5

BATHROOMS

2

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Nova Estate Agents
  • Prime investment opportunity
  • HMO licensed
  • 5 bedrooms
  • £30,000PA approx income
  • Close to town centre and train station
  • Extended

Description

This property, situated on Ridgway Road, offers a lucrative opportunity for seasoned investors seeking to expand their portfolio. Currently operating as a House of Multiple Occupancy (HMO), all five rooms are currently leased, resulting in a commendable 8% rental yield with the potential for further growth.

The interior features an inviting entrance porch leading to a spacious hallway. The ground floor boasts a communal lounge area and a generously sized kitchen, providing ample cupboard space for residents. Two bedrooms, one large double and a single, complete the ground floor accommodations.

On the first floor, a further two double bedrooms, a single bedroom and a shared shower room are available, with the front facing larger room also featuring an additional shower room. Externally, the property offers a well maintained rear garden with laid lawn, while the front features a boundary wall and a path leading to the front door. Residents can benefit from permit parking at the front.

This property presents a hassle-free investment opportunity for those looking to enhance their portfolio and seamlessly take over the existing tenancies.

Brochures

Ridgway Road, LutonBrochure

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

Band: B

Ridgway Road, Luton

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Luton Station0.6 miles
  • Luton Parkway Station1.2 miles
  • Leagrave Station2.5 miles
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About the agent

Nova Estate Agents, Luton

Jansel House, 648 Hitchin Road, Luton, LU2 7XH

Nova Estate Agents, Luton
Hello.

We are Nova Estate Agents, local property experts with 48 years+ of experience in the industry. Having previously worked for both corporate and independent agents we've come together to create an estate agency that's here to do things differently. Combining traditional values with a modern approach.

Customer satisfaction is at the forefront of our business, so we pride ourselves on being approachable, welcoming, 'real' individuals who understand the need to deal persona

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Industry affiliations

Ombudsman for Lettings Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)

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Disclaimer - Property reference 32733886. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Nova Estate Agents, Luton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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