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4 bedroom detached bungalow for sale
Arundel Road, Luton, Bedfordshire, LU4 8DY
£375,000
Arundel Road, Luton, Bedfordshire, LU4 8DY
£375,000
Our Summary
- Penrose are delighted to offer this unique and compelling investment opportunity
- Prospective buyers are invited to an exclusive Open House event on 18th September 2025, between 1pm and 3pm, providing a prime opportunity to view the property and assess its potential firsthand
- Please note, due to the existing tenancy, this purchase is strictly for investors only, and cash buyers are preferred to ensure a smooth and efficient transaction
- The bungalow, while currently comfortable for its tenants, is in need of modernising throughout
- The scope for improvement is vast, allowing for a personalised touch to bring it up to modern standards
- This is a significant asset, offering potential for landscaping, creating an outdoor entertaining area, or even further extending the property, subject to obtaining the necessary planning permissions (STPP)
- The potential to extend is a key advantage, allowing for the creation of additional living space or even more bedrooms, thereby increasing the property's overall value and appeal
- In summary, this four double bedroom bungalow in Luton represents a superb investment opportunity
- With sitting tenants providing immediate income, significant potential for modernisation and extension (STPP), a large rear garden, and a desirable location, it ticks many boxes for the astute investor
- Cash Buyers Only
- In Need Of Modernising Throughout
- Potential To Extend STPP
Description
Penrose are delighted to offer a unique investment opportunity in the highly sought-after Maidenhall area of Luton. This spacious four double bedroom bungalow is currently generating a rental income of £1,100 per calendar month and is being sold with sitting tenants. The property is in need of modernising throughout, presenting a fantastic chance for the new owner to add significant value through a comprehensive refurbishment programme. The bungalow boasts four genuine double bedrooms, a comfortable living space, and a large rear garden, which offers potential for landscaping or extending the property, subject to planning permission. The location is well-regarded for its community feel, access to local amenities, schools, and transport links, making it a desirable location for commuters and families alike. Being offered chain-free, this transaction promises a straightforward and expedited process, removing the complexities often associated with property chains. This is a superb investment opportunity for the astute investor, offering immediate income, significant potential for modernisation and extension, and a desirable location.