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Get brand editions for Penrose Estate Agents, Luton

Russell Rise, Luton, Bedfordshire, LU1 5ET

PROPERTY TYPE

Terraced

BEDROOMS

3

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

Floorplan 1
1

Key features

  • Chain Free
  • Offers Between £300,000 And £325,000
  • Two Bathrooms
  • Great For Buy To Let/Hmo Potential
  • Two Reception Rooms
  • South Luton Location
  • Three Bedrooms
  • In Need Of Some Modernising
  • Easy Access To All Local Amenities And Transport Links
  • Viewing Advised

Description

Presented to the market with the significant advantage of being chain-free, this three-bedroom house in a sought-after South Luton location offers an exceptional opportunity for both owner-occupiers looking to modernise and investors seeking a property with strong buy-to-let or HMO potential. With offers invited between £300,000 and £325,000, this residence represents a compelling proposition in today's market.

Upon entering, you are greeted by a property that, while in need of some modernising, boasts a solid foundation and generous proportions. The ground floor features two versatile reception rooms, providing ample space for both comfortable family living and entertaining. These rooms offer flexibility, allowing new owners to configure them to suit their lifestyle, whether as a dedicated living room and dining area, or perhaps a separate study or play room. The layout lends itself well to contemporary open-plan living, subject to the necessary planning and building regulations. One of the standout features of this property is the inclusion of two bathrooms, a highly desirable amenity that significantly enhances convenience for families or multiple occupants, particularly for those considering its HMO potential. This practical addition helps to alleviate the morning rush and provides greater comfort for all residents. Upstairs, the property comprises three well-proportioned bedrooms, offering comfortable accommodation for a growing family or tenants. Each room provides a blank canvas for redecoration, allowing the new owner to infuse their personal style and create a truly bespoke living space. The presence of three bedrooms, coupled with the two bathrooms and two reception rooms, makes this an attractive option for the rental market, particularly for those looking to capitalise on the demand for multi-occupancy housing in the area.

The South Luton location is a key selling point, offering residents easy access to all local amenities. A variety of shops, supermarkets, schools, and leisure facilities are all within close proximity, catering to everyday needs. Furthermore, the property benefits from excellent transport links, including convenient access to major road networks and Luton train station, making it ideal for commuters travelling to London and beyond. The area is well-served by public transport, ensuring connectivity throughout Luton and the surrounding regions.

For investors, the 'buy-to-let' and 'HMO potential' are particularly noteworthy. The property's configuration, combined with its desirable location and the inclusion of two bathrooms, positions it as an attractive asset for generating rental income. With some strategic modernisation, the property could command a strong rental yield, appealing to a wide range of tenants.

While the property does require some updating, this presents a fantastic opportunity for buyers to add significant value and tailor the home to their exact specifications. This allows for a personalised renovation project, transforming the house into a modern and comfortable dwelling. Viewing is highly advised to fully appreciate the potential this chain-free South Luton home has to offer.
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
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
On street
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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Energy performance certificate - ask agent

Russell Rise, Luton, Bedfordshire, LU1 5ET

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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

Per year
Lenders usually expect a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£1,369
We think you can borrow up to
Add your household income above
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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_685425149. 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.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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