Terraced house for sale in Ridgway Road, Luton LU2

This property, situated on Ridgway Road, offers a lucrative opportunity for seasoned investors seeking to expand their portfolio. Currently operating as a House of Multiple Occupancy (HMO), all five rooms are currently leased, resulting in a commendable 8% rental yield with the potential for further growth.

The interior features an inviting entrance porch leading to a spacious hallway. The ground floor boasts a communal lounge area and a generously sized kitchen, providing ample cupboard space for residents. Two bedrooms, one large double and a single, complete the ground floor accommodations.

On the first floor, a further two double bedrooms, a single bedroom and a shared shower room are available, with the front facing larger room also featuring an additional shower room. Externally, the property offers a well maintained rear garden with laid lawn, while the front features a boundary wall and a path leading to the front door. Residents can benefit from permit parking at the front.

This property presents a hassle-free investment opportunity for those looking to enhance their portfolio and seamlessly take over the existing tenancies.