£625,000
Baker Street, Luton, LU1
- 0 beds
£625,000
- 0 beds
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Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
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Each of the six generously sized double bedrooms boasts its own ensuite bathroom, providing tenants with privacy and convenience. The communal areas include a fully fitted kitchen and a low-maintenance paved garden, ideal for outdoor use with minimal upkeep. One of the bedrooms in the extended part of the property is a self-contained unit with separate access, commanding a higher rental yield.
The property currently generates an annual rental income of ?59,000 (inclusive of utilities and outgoings) and is fully tenanted on an individual HMO basis, making it an excellent investment opportunity.
Location
Situated in a well-connected area of Luton, this property offers easy access to a range of local amenities, including shops, supermarkets, and restaurants. Luton town centre is nearby, providing further shopping, leisure, and entertainment options.
Commuters will benefit from excellent transport links, with Luton Train Station offering direct services to London and other major cities, while the M1 motorway provides swift road connections north and south. Local bus routes also serve the area, ensuring convenient connections across Luton and its surroundings.
This property represents a strong investment in a prime location with excellent rental income potential.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Council Tax
Luton Borough Council, To Be Confirmed
Utilities
Electric: Mains Supply
Gas: Mains Supply
Water: Mains Supply
Sewerage: None
Broadband: None
Telephone: None
Other Items
Heating: Gas Central Heating
Garden/Outside Space: No
Parking: No
Garage: No
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