5 Bed Bungalow, Motivated Seller, Luton, LU4 0EG £600,000

• MAJOR DEVELOPMENT OPPORTUNITY +
• PLANNING PERMISSION GRANTED: Ref. No: 24/00507 +
• GDV OF COMPLETED DEVELOPMENT: CIRCA £1,000,000 COLLECTIVELY +
• EXISTING DWELLING - Bungalow single storey occupied with first floor ripe for further development +
• HUGE CORNER PLOT +
• ON THE LUTON&DUNSTABLE HOSPITAL BORDER +
• 2 MINUTES DRIVE TO THE M1 MOTORWAY (J11) +
• 24.00% ANNUAL ROI !!! +
• EXISTING DWELLING RENTAL INCOME: CIRCA £2500 P/CM +
• AN INTERNAL INSPECTION IS ABSOLUTELY VITAL TO UNDERSTAND THE LUCRATIVE OPPORTUNITY BEING PRESENTED. +

Esquire Estate Agents are pleased to offer to market this CHAIN-FREE DETACHED three-bedroom bungalow, which sits on an extravagant corner plot and boasts plenty of scope to extend. PLANNING PERMISSION HAS BEEN GRANTED - FOR THE Erection of a two-storey side extension to form a three-bed dwelling (Ref. No: 24/00507). This existing home is ideal for those looking for a quiet residential street as well as being close to amenities and transport links. Placed on a substantial plot, this three-bedroom bungalow features a driveway, garage and a generous rear garden, providing more than enough space for large and growing families.PLEASE FIND IN THE GALLERY SOME OF THE DRAWINGS ASSOCIATED WITH THE PLANNING PERMISSION GRANTED ON THIS PLOT. (Ref. No: 24/00507). GDV VALUE POST DEVELOPMENT - NEW DWELLING IS CIRCA £600,000EXISTING DWELLING - £450,000. The accommodation is incredibly flexible and whilst the floorplan suggests the usage of the rooms, ultimately the choice is down to you. The property welcomes you with an entrance porch that leads off to the kitchen and the first reception room. The kitchen is in good condition with ample worktop space. The first reception room is being used as a dining room and allows for plenty of natural light through the large windows, but the layout allows for you to direct the property however you may prefer. Generous in size and natural light, the second reception room is an extension of the original build and is accessed through the first reception room. THE DEVELOPMENT PLAN INCLUDES THE DEMOLITION OF THE SECOND RECEPTION ROOM.One of, if not the best feature of the property is the tremendous garden size, which highlights the vast plot and potential of this property. There is huge scope for a rear extension, and it would not hinder the plentiful garden space. The garage is also located at the end of the garden and accommodates for generous parking in front of the garage. This is by far one of our favourite homes. The immense plot and endless potential to extend means you could quite literally turn this into a dream home of your choice.The location is an additional benefit for this property as the transport links of Leagrave Train Station and M1 are all within 1 mile distance. There are also various options of local ammenities and schools.