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Farley Hill, Luton, Bedfordshire, LU1 5EE

PROPERTY TYPE

Terraced

BEDROOMS

6

BATHROOMS

4

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
  • Fantastic Investment Opportunity
  • Generating £4000+ Per Month
  • Walking Distance To Luton Train Station
  • HMO Licence
  • Off Road Parking With Driveway
  • Easy Access To Junction 10 Of M1 Motorway
  • Two Self Contained Units
  • Close To Local Amenities
  • Viewing Highly Advised

Description

Presenting a remarkable investment opportunity in the highly sought-after Farley Hill area of Luton, this substantial six-bedroom house is offered to the market chain free. Currently operating as a successful House in Multiple Occupation (HMO), this property generates an impressive income exceeding £4,000 per month, making it an incredibly attractive proposition for discerning investors seeking a robust return.

The property is thoughtfully configured to maximise its rental potential, featuring six well-proportioned bedrooms and four modern bathrooms which includes two self contained units, ensuring ample facilities for its residents. While there is one main communal area, the focus of this property's layout is on providing comfortable and functional living spaces for multiple occupants, a key aspect of its HMO success.

Location is paramount, and this property excels in that regard. Situated within walking distance of Luton Train Station, it offers excellent connectivity for commuters, with fast links into London and beyond. For those travelling by car, easy access to Junction 10 of the M1 motorway is a significant advantage, simplifying journeys north and south. The popular Farley Hill area (LU1) is renowned for its convenience, providing residents with close proximity to a wide array of local amenities, including shops, supermarkets, schools, and leisure facilities, all contributing to its strong rental demand.

Further enhancing its appeal, the property benefits from valuable off-road parking with a dedicated driveway, a highly desirable feature in this residential area. The existing HMO licence is a crucial asset, streamlining the investment process for new owners and ensuring compliance from day one. This eliminates the complexities often associated with obtaining such a licence, allowing for immediate income generation.

This property represents a fantastic chance to acquire a high-yielding asset in a prime Luton location. Its chain-free status means a smoother, quicker transaction for the buyer. Given its proven income generation, strategic location, and ready-to-go HMO status, early viewing is highly advised to fully appreciate the scope and potential of this outstanding investment.

Construction: Brick Built
Water: Affinity
Gas & Electric: Octopus
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.
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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Farley Hill, Luton, Bedfordshire, LU1 5EE

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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 2 and 40 years
Years
Current average is 4.5%
%
Monthly repayments
£2,053
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_685487343. 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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