Residential Investment for Sale – 73 Buxton Road, Luton, Bedfordshire LU1 1RE

OIRO £375,000

Registered HMO with ground floor self-contained flat with full planning permission and relevant certificates.  Refurbished.

Schedule of Accommodation 

Ground Floor Self-Contained Flat

 

12’2 x 8’0

12’3 x 9’0

11’0 x 9’7

Kitchen, single drainer sink unit, shower room

Lounge

Two bedrooms including basement, heating

 

First Floor

 

Room 1 8’7 x 7’0

15’4 x 8’6

With cupboard and shower

Fitted kitchen with gas boiler

Room 2 11’6 x 12’3 Shower/wc and cupboard
Room 3 12’0 x 8’3 Shower and cupboard
Room 4 12’3 x 7’4 Cupboard and storeroom
Communal Prep Room 8’0 x 8’0  

With fitted worktops and cupboards

 

Second Floor
16’2 x 7’10

13’8 x 6’2

Tank room storage

Fitted cupboards

Situation

Close to Luton town centre.

Description

A two-storey, inner terrace house with side vehicular access way and a small yard.  Constructed in the early twentieth century of solid brick walls under a slate roof, it provides basement, ground, first floor and attic accommodation.

Rental History

Revenue for rooms £24,480
Revenue for flat £7,200
£31,680
Less
Water rates £862
Heating and lighting £1,887
Insurance £683 £3,432
Gross income excluding management fees and repairs £28,248

Legal Costs

Each party to pay their own

Property Enquiry