£385,000
(£266/sq. ft)
6 bed terraced house for saleStockwood Crescent, Luton LU1
6 beds
3 baths
1 reception
1,450 sq. ft
Just added
Chain free
Freehold
About this property
Presenting a remarkable investment opportunity in the highly sought-after Stock wood crescent area of Luton, this substantial six-bedroom house over two floors, is offered to the market chain free. Currently operating as a successful House in Multiple Occupation (HMO), this property generates an impressive income exceeding £42,000 per year, making it an incredibly attractive proposition for discerning investors seeking a robust return.
The property is thoughtfully configured to maximize its rental potential, featuring six well-proportioned bedrooms and four modern bathrooms, 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 Stock wood crescent 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: British Gas
The property is thoughtfully configured to maximize its rental potential, featuring six well-proportioned bedrooms and four modern bathrooms, 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 Stock wood crescent 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: British Gas
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Monthly repayment
£1,925 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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