9 bedroom detached house
£450,000
Russell Rise, Luton LU1
  • Brilliant investment property
  • Walking distance to town centre
  • Property need finishing after part conversion into nine bedroom hmo
  • Asking price reflective of work still required
  • Once fully complete annual rental income of over £56,000 pa
  • Chain free and vacant

Situated within a short walk to the town centre is this large detached investment property offering a superb return on investment and huge potential for conversion into separate apartments subject to planning. Currently the property has been extended and partly converted into a nine bedroom hmo style property. All room are laid out with en suite areas and are all double rooms. A separate communal living room/kitchen would serve all occupants. A side courtyard garden/parking area and block paved driveway to front could add value to the rooms. Rooms of this size and with the en suites would rent for £120 per week creating a potential annual income of £56,160. The property is in need of completing and would need investment to get it to a complete stage. The asking price is reflective of this. For further details please contact one of the team who would be happy to help!

Kitchen/Communal Room (20' 7'' x 9' 10'' (6.27m x 2.99m))
Room 1 (13' 3'' x 13' 9'' (4.04m x 4.19m))
En Suite (9' 10'' x 3' 2'' (2.99m x 0.96m))
Room 2 (16' 0'' x 8' 0'' (4.87m x 2.44m))
En Suite (9' 10'' x 3' 2'' (2.99m x 0.96m))
Room 3 (16' 10'' x 10' 7'' (5.13m x 3.22m))
En Suite (8' 0'' x 3' 3'' (2.44m x 0.99m))
Room 4 (17' 3'' x 10' 5'' max (5.25m x 3.17m))
En Suite (7' 6'' x 4' 0'' (2.28m x 1.22m))
Room 5 (14' 10'' x 10' 10'' (4.52m x 3.30m))
En Suite (5' 8'' x 4' 4'' (1.73m x 1.32m))
Room 6 (14' 1'' x 10' 5'' (4.29m x 3.17m))
En Suite (4' 11'' x 3' 9'' (1.50m x 1.14m))
Room 7 (16' 0'' x 11' 5'' (4.87m x 3.48m))
En Suite (6' 3'' x 5' 6'' (1.90m x 1.68m))
Room 8 (15' 5'' x 10' 7'' max (4.70m x 3.22m))
En Suite (8' 10'' x 3' 0'' (2.69m x 0.91m))
Room 9 (10' 3'' x 9' 0'' (3.12m x 2.74m))
En Suite (7' 3'' x 4' 7'' (2.21m x 1.40m))