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Get brand editions for Penrose Estate Agents, Luton

St. Margarets Avenue, Luton, Bedfordshire, LU3 1PH

PROPERTY TYPE

End of Terrace

BEDROOMS

6

BATHROOMS

6

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
  • Lucrative Hmo Investment With Annual Income Of Approx £50,000 Per Annum
  • Popular Saints Area
  • Six Bedrooms Hmo With All Ensuites
  • Off Road Parking And A Low Maintenance Rear Garden
  • Accommodation Spread Over Three Floors
  • Easy Access To Local Amenities And Transport Links
  • Viewings Advised

Description

Penrose are pleased to offer this outstanding opportunity that awaits discerning investors with this substantial six-bedroom House in Multiple Occupation (HMO), ideally situated on St. Margarets Avenue in Luton's highly desirable 'Saints' area. This property is offered to the market chain-free, presenting a seamless acquisition for those looking to expand their portfolio or enter the lucrative HMO market.

Boasting an impressive annual income of approximately £50,000, this property is a proven and profitable investment. Its design and current setup cater perfectly to the HMO model, with each of the six generously proportioned bedrooms benefiting from its own private en-suite bathroom. This crucial feature significantly enhances tenant appeal and ensures a high occupancy rate, providing both comfort and privacy for residents.

The accommodation is thoughtfully spread over three floors, offering a spacious and well-organised living environment. The ground floor typically comprises welcoming reception areas, providing communal spaces for tenants, alongside one or more of the en-suite bedrooms. The upper floors house the remaining bedrooms, each meticulously maintained and ready for immediate occupancy. The layout maximises both individual living space and communal functionality, a key factor in successful HMO management.

Beyond the internal offerings, the property benefits from practical external features. Off-road parking is a significant advantage in this popular residential area, providing convenience for residents and adding to the property's overall desirability. To the rear, a low-maintenance garden offers a private outdoor space, perfect for relaxation without demanding extensive upkeep, a feature often appreciated by tenants with busy lifestyles.

The location on St. Margarets Avenue is particularly advantageous. The 'Saints' area is renowned for its excellent access to local amenities, including a variety of shops, supermarkets, eateries, and leisure facilities, all within easy reach. Furthermore, the property benefits from superb transport links, with convenient access to Luton town centre, Luton mainline train station (offering fast connections to London), and major road networks such as the M1 motorway. This connectivity makes it an ideal choice for professionals and students alike, further solidifying its investment potential.

This property represents a rare chance to acquire a fully operational and highly profitable HMO in a prime Luton location. The combination of six en-suite bedrooms, off-road parking, a low-maintenance garden, and its strategic position ensures its continued appeal and strong rental yield. Viewings are highly advised to fully appreciate the scale, quality, and investment potential of this exceptional offering.
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.
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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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Energy performance certificate - ask agent

St. Margarets Avenue, Luton, Bedfordshire, LU3 1PH

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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

Per year
Lenders usually expect a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£2,281
We think you can borrow up to
Add your household income above
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Disclaimer - Property reference PNR_PNR_LFSYCL_524_685405631. 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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