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SOLD STC

Russell Street, Luton, Bedfordshire, LU1 5EB

PROPERTY TYPE

End of Terrace

BEDROOMS

2

BATHROOMS

1

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

Floorplan 1
1

Key features

  • Chain Free
  • Two One Bedroom Flats With Freehold Under One Title
  • Sold With Tenants In Situ Paying £1800 PCM
  • Town Centre Location
  • Fantastic Return Of Investment
  • Cash Buyers Preferably
  • Viewing Advised
  • Short Drive to M1

Description

Penrose are pleased to present two one-bedroom flats, boasting a prime location in the town centre. With the added benefit of being chain-free and sold with tenants in situ, this deal is an investor's dream!

Upon entering this property, you will immediately appreciate its contemporary design, spacious layout, and excellent finishing. Each flat comprises a bedroom, a stylish bathroom, a reception and a modern kitchen.

The key selling point of this property is its ability to provide immediate revenue generation. Both flats are currently tenanted and effortlessly generate an attractive income of £1,800 per month. This seamless transition of ownership guaranteeing rental income offers added security for investors. With the diverse local demand for rental homes, you can enjoy the benefits of a truly hands-free investment.

Situated in the town centre, this property is conveniently located close to amenities, shopping centres, parks, and local attractions. Luton offers an outstanding rental market, and its popularity ensures a consistent stream of potential tenants. The proximity to the M1 motorway allows for easy commuting, attracting professionals from both Luton and surrounding areas.

Cash buyers are ideal for this opportunity, offering the advantage of a swift and hassle-free transaction. This property holds significant potential for growth and an exceptional return on investment. With Luton's ongoing development, there is a strong likelihood of future capital appreciation, making it an even more appealing venture.

We strongly recommend arranging a viewing to truly appreciate the tremendous potential and numerous advantages this property presents. Our expert team is available to discuss any inquiries and guide you through the purchasing process, providing valuable advice for investors. Don't miss out on this remarkable investment opportunity! Act now to secure your stake in Luton's promising property market. Contact us today to book a viewing and take the first step towards a prosperous and secure investment.
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: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
Rear garden
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Russell Street, Luton, Bedfordshire, LU1 5EB

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About Penrose Estate Agents, Luton

386 Hitchin Road Luton LU2 7SR
ABOUT US
Penrose Estate Agents - Your Agent Of Choice

Our names are Richard, Ben and Adam and we founded Penrose Estate Agents in 2016. Between us, we hold over thirty years of industry experience helping thousands of people in and around Luton complete their home moves.

We offer sellers and landlords a unique full range of marketing options, from an online only service through to traditional, fully managed moves.

We understand that our customers have very different desires and deserve a real choice on how we help them achieve the best possible price. By combining both the online and traditional services, we provide flexible solutions that will meet every customers demands.

When you instruct us to sell or rent your property you can rest assured you will be dealing with experienced and efficient property professionals, who care about both you and your home.

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£1,120
We think you can borrow up to
Add your household income above
Powered bynationwideThe Nationwide Logo represents a symbol of financial strength and community, empowering members to achieve their goals
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference PNR_PNR_LFSYCL_524_685399490. 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 Penrose 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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