Harlestone Close, Luton, LU3 Land for sale

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Harlestone Close, Luton, LU3 Land for sale

Harlestone Close, Luton, LU3
£140,000

Our Summary

  • Full planning permission approval granted by luton borough council

Description

This property investment opportunity offers a asking price of £140,000, with a potential gross development value (GDV) of £350,000, resulting in a gross profit of £100,000 and a gross profit margin of 28.6%. The property generates a gross monthly rent of £1,500 and an annual rent of £18,000, resulting in a gross rental yield of 7.2%. The project involves constructing a new build dwelling, specifically a 2-bedroom detached bungalow with a gross internal area of 50m2, providing a solid financial return with low risk.