- Chain Free +
- Lucrative Hmo Investment With Annual Income Of Approx £50,000 Per Annum +
- Popular Saints Area +
- Six Bedrooms Hmo With All Ensuites +
- Off Road Parking And A Low Maintenance Rear Garden +
- Accommodation Spread Over Three Floors +
- Easy Access To Local Amenities And Transport Links +
- Viewings Advised +
Penrose are pleased to offer this outstanding opportunity that awaits discerning investors with this substantial six-bedroom House in Multiple Occupation (HMO), ideally situated on St. Margarets Avenue in Luton's highly desirable 'Saints' area. This property is offered to the market chain-free, presenting a seamless acquisition for those looking to expand their portfolio or enter the lucrative HMO market.
Boasting an impressive annual income of approximately £50,000, this property is a proven and profitable investment. Its design and current setup cater perfectly to the HMO model, with each of the six generously proportioned bedrooms benefiting from its own private en-suite bathroom. This crucial feature significantly enhances tenant appeal and ensures a high occupancy rate, providing both comfort and privacy for residents.
The accommodation is thoughtfully spread over three floors, offering a spacious and well-organised living environment. The ground floor typically comprises welcoming reception areas, providing communal spaces for tenants, alongside one or more of the en-suite bedrooms. The upper floors house the remaining bedrooms, each meticulously maintained and ready for immediate occupancy. The layout maximises both individual living space and communal functionality, a key factor in successful HMO management.
Beyond the internal offerings, the property benefits from practical external features. Off-road parking is a significant advantage in this popular residential area, providing convenience for residents and adding to the property's overall desirability. To the rear, a low-maintenance garden offers a private outdoor space, perfect for relaxation without demanding extensive upkeep, a feature often appreciated by tenants with busy lifestyles.
The location on St. Margarets Avenue is particularly advantageous. The 'Saints' area is renowned for its excellent access to local amenities, including a variety of shops, supermarkets, eateries, and leisure facilities, all within easy reach. Furthermore, the property benefits from superb transport links, with convenient access to Luton town centre, Luton mainline train station (offering fast connections to London), and major road networks such as the M1 motorway. This connectivity makes it an ideal choice for professionals and students alike, further solidifying its investment potential.