1 bedroom apartment

Executive Summary

Venture Commercial is pleased to introduce this freehold, fully licensed HMO mid-terrace Property, classified as Sui Generis – House in Multiple Occupation (HMO). Offering a strong rental income, this investment opportunity comprises 9 generously sized en-suite bedrooms and a self-contained 1-bedroom basement apartment, providing a well-organised layout designed for tenant comfort.

The HMO rooms vary in size from approximately 172 sq ft to 613 sq ft, while the self-contained 1-bedroom apartment offers approximately 673 sq ft of living space.

The ground floor features bedrooms 1 to 4, a spacious communal kitchen, and direct access to a rear car park accommodating approximately 5 vehicles. Bedrooms 5 to 7 are located on the first floor, while bedrooms 8 and 9 are on the second floor.

Each bedroom and the basement apartment are independently metered for utilities, payable by the tenants. Thoughtfully furnished by the current owner, every room includes a bed, bedside cabinets, a wardrobe, and a fridge-freezer, adding to its tenant-ready appeal.

Fully occupied with rental rates ranging between £595 and £850 per month, the Property generates an annual income of £83,460. With rental rates unchanged since initial occupancy, there is potential for future increases, further enhancing its investment prospects.

Location

Cheapside is perfectly positioned in the heart of Luton, within walking distance of the town centre, offering a wide range of amenities including shops, restaurants, cafes, and essential services such as supermarkets and medical facilities. The area is well-served by local transport links, making it a highly accessible location for both residents and tenants.

Luton Railway Station is just a short walk away, providing fast and direct connections to London, Bedford, and beyond. The M1 motorway is also easily accessible, ensuring seamless travel to major road networks. Luton Airport, one of the UK’s busiest airports, is only a short drive away, offering excellent travel options for both domestic and international flights.

Dont miss out on this exceptional investment. Contact Venture Commercial today on[use Contact Agent Button] for further information or to arrange a viewing.