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£400,000

Tennyson Road, Luton, LU1

  • 6 beds
Other

£400,000

  • 6 beds
Other
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Estimate monthly mortgage payment:

£1,826 per month

Minimum deposit amount:

£20,000
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An excellent oppurtunity to purchase a HMO investment currently fully Tenanted. The property benefits from class C4 use and provides 6 Bedrooms over 3 floors and is currently fully occupied and providing a rental income of £37,980 per annum providing an investment yield of circa 8%, the current leases are currently on a periodic basis.

The ground floor comprises of Two rooms, One with en-suite shower room, communal living area, communal shower room, communal dining room and kitchen. the first floor has a further communal shower room and a further Three rooms and stairs leading to loft room.

The property is located in close proximity to Luton town Centre which benefits from an array of shops and local amenities. Luton also benefits from excellent road links to the M1 and transport links including Luton central station which provides access to London in under 40 minutes. There is also the benefit of Bedfordshire University

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£1,826 per month
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Mortgage and legal costs:
£999
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