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Get brand editions for Penrose Estate Agents, Luton

Arundel Road, Luton, Bedfordshire, LU4 8DY

PROPERTY TYPE

Detached Bungalow

BEDROOMS

4

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

  • Open House 18/9/25 1pm to 3pm
  • Property Sold With Sitting Tennants Paying £1100 Pcm
  • Chain Free
  • In Need Of Modernising Throughout
  • Large Rear Garden
  • Investors Purchase Only Due To Tennants
  • Potential To Extend STPP
  • Popular Maidenhall Area
  • Four Double Bedrooms
  • Cash Buyers Only

Description

Penrose are delighted to offer this unique and compelling investment opportunity. This spacious four double bedroom bungalow is now available for sale in the highly sought-after Maidenhall area of Luton. Offered with offers over £275,000, this property is specifically tailored for investors, as it is being sold with sitting tenants currently generating a rental income of £1,100 per calendar month. This immediate income stream makes it an attractive proposition for those looking to expand their portfolio with a property that offers instant returns.

Prospective buyers are invited to an exclusive Open House event on 18th September 2025, between 1pm and 3pm, providing a prime opportunity to view the property and assess its potential firsthand. Please note, due to the existing tenancy, this purchase is strictly for investors only, and cash buyers are preferred to ensure a smooth and efficient transaction.

The bungalow, while currently comfortable for its tenants, is in need of modernising throughout. This presents a fantastic chance for the new owner to add significant value through a comprehensive refurbishment programme. Imagine transforming this property into a contemporary and highly desirable residence, which could further enhance its rental yield or future resale value. The scope for improvement is vast, allowing for a personalised touch to bring it up to modern standards. One of the standout features of this property is its generous proportions, boasting four genuine double bedrooms. This makes it an ideal family home or a highly rentable asset, catering to a wide demographic of tenants. The single reception room offers a comfortable living space, while the single bathroom serves the property's needs. With a thoughtful modernisation, these areas could be reconfigured or enhanced to create a truly exceptional living environment.

Externally, the property benefits from a large rear garden, providing valuable outdoor space. This is a significant asset, offering potential for landscaping, creating an outdoor entertaining area, or even further extending the property, subject to obtaining the necessary planning permissions (STPP). The potential to extend is a key advantage, allowing for the creation of additional living space or even more bedrooms, thereby increasing the property's overall value and appeal.

The location in the popular Maidenhall area of Luton is another major draw. This established residential area is well-regarded for its community feel, access to local amenities, schools, and transport links. Luton offers excellent connectivity to London via its mainline railway station and the M1 motorway, making it a desirable location for commuters and families alike. The convenience of local shops, parks, and services ensures that tenants have everything they need within easy reach.

Being offered chain-free, this transaction promises a straightforward and expedited process, removing the complexities often associated with property chains. This is particularly beneficial for investors who prioritise efficiency and a quick turnaround on their acquisitions.

In summary, this four double bedroom bungalow in Luton represents a superb investment opportunity. With sitting tenants providing immediate income, significant potential for modernisation and extension (STPP), a large rear garden, and a desirable location, it ticks many boxes for the astute investor. The Open House event on 18th September 2025 is an unmissable chance to explore the possibilities this property holds. Act swiftly to secure this promising addition to your investment portfolio.
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: D
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Driveway
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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Arundel Road, Luton, Bedfordshire, LU4 8DY

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Get brand editions for Penrose Estate Agents, Luton

About Penrose Estate Agents, Luton

386 Hitchin Road Luton LU2 7SR

ABOUT US

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

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Years
%
Monthly repayments
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Disclaimer - Property reference PNR_PNR_LFSYCL_524_685451906. 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.

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