6 bedroom block of apartments for sale

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6 bedroom block of apartments for sale

High Town Road, LUTON
£300,000

Our Summary

  • SUMMARYAUCTION SALE 15 April 2025 - Freehold house comprising six unitsInvestmentEstimated Rental Value £50,263
  • 20 pa (see note)TO SELL YOUR PROPERTY IN OUR NEXT AUCTION CALL US NOWDESCRIPTIONFreehold house comprising six unitsInvestmentEstimated Rental Value £50,263
  • There may also be potential for further development into the loft and extension to the rear subject to the necessary consent
  • AUCTION SALE

Description

A freehold house in Luton, comprising six units, is being sold at auction. The property is located within walking distance of Luton town center and the airport, and is close to public transport links and recreational areas. Internally, the property is arranged over two floors, with each unit featuring a bed/sitting room, kitchenette, and separate shower room/WC. Externally, there is off-street parking for several vehicles, and potential for further development into the loft and extension to the rear, subject to necessary consent. The property has an estimated rental value of £50,263.20 per annum, based on the Local Housing Allowance rate, and is currently generating a rental income of £36,036 per annum. The guide price is not to be relied upon as a valuation or assessment of value, but rather as an indication of the region at which the reserve may be set.
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