Dunstable Road, Luton, Bedfordshire, LU4
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
12
- BATHROOMS
6
- SIZE
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- TENUREDescribes 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
- 5 x apartments and 1 x annexe for sale
- Generating £91,200 per annum
- New build developed by the current owner
- Block is made up of three and two bedroom flats
- Freehold property
- Parking spaces to the front
Description
An exceptional investment opportunity to acquire a newly constructed, purpose-built freehold block comprising five self-contained flats and a separate annexe, all fully let and currently generating £91,200 per annum in rental income.
Property Overview:
This well-designed and immaculately presented building is set on a generous plot with a large rear garden and off-street parking for six vehicles. The accommodation is laid out over three floors with a separate annexe to the rear of the plot.
Accommodation Breakdown:
* Ground Floor (2 x Three-Bed Flats)
o 2 Double Bedrooms, 1 Single Bedroom
o Family Bathroom
o Open-Plan Kitchen/Dining/Living Area
o Private Gardens
* First Floor (2 x Two-Bed Flats)
o 2 Double Bedrooms
o Family Bathroom
o Spacious Open-Plan Kitchen/Dining/Living Room
o Private Balconies
* Second Floor (1 x Two-Bed Flat)
o 2 Bedrooms (1 with Ensuite)
o Family Bathroom
o Large Open-Plan Kitchen/Dining/Living Room
* Detached Annexe
o Fully Self-Contained
o Currently Let
The building has been newly built by the current owner to a high standard, making it a low-maintenance investment with strong rental demand and consistent income.
________________________________________
Current Rental Income:
* Flat 1 - £1,350 pcm
* Flat 2 - £1,350 pcm
* Flat 3 - £1,200 pcm
* Flat 4 - £1,250 pcm
* Flat 5 - £1,700 pcm
* Annexe - £750 pcm
Total Monthly Income: £7,600
Annual Income: £91,200
________________________________________
Financials:
* Asking Price: £1,350,000.00
* Tenure: Freehold
* Gross Yield: 6.75%
________________________________________
Key Features:
* Newly built block of 5 high-spec flats + annexe
* Strong rental history, fully let
* £91,200 annual rental income
* 6.75% Gross Yield
* Off-street parking for 6 vehicles
* Spacious plot with a large garden
* Low-maintenance investment
* Freehold
- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Dunstable Road, Luton, Bedfordshire, LU4
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Visit our security centre to find out moreDisclaimer - Property reference Dunstable-Road-Luton. 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 Pure, Manchester. 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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