4 bedroom detached bungalow for sale

Penrose are delighted to offer this unique and compelling investment opportunity. This spacious four double bedroom bungalow is now available for sale in the highly sought-after Maidenhall area of Luton. This property is specifically tailored for investors, as it is being sold with sitting tenants currently generating a rental income of £1,100 per calendar month. This immediate income stream makes it an attractive proposition for those looking to expand their portfolio with a property that offers instant returns.

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. This presents a fantastic chance for the new owner to add significant value through a comprehensive refurbishment programme. Imagine transforming this property into a contemporary and highly desirable residence, which could further enhance its rental yield or future resale value. The scope for improvement is vast, allowing for a personalised touch to bring it up to modern standards. One of the standout features of this property is its generous proportions, boasting four genuine double bedrooms. This makes it an ideal family home or a highly rentable asset, catering to a wide demographic of tenants. The single reception room offers a comfortable living space, while the single bathroom serves the property's needs. With a thoughtful modernisation, these areas could be reconfigured or enhanced to create a truly exceptional living environment.

Externally, the property benefits from a large rear garden, providing valuable outdoor space. 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.

The location in the popular Maidenhall area of Luton is another major draw. This established residential area is well-regarded for its community feel, access to local amenities, schools, and transport links. Luton offers excellent connectivity to London via its mainline railway station and the M1 motorway, making it a desirable location for commuters and families alike. The convenience of local shops, parks, and services ensures that tenants have everything they need within easy reach.

Being offered chain-free, this transaction promises a straightforward and expedited process, removing the complexities often associated with property chains. This is particularly beneficial for investors who prioritise efficiency and a quick turnaround on their acquisitions.

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. The Open House event on 18th September 2025 is an unmissable chance to explore the possibilities this property holds. Act swiftly to secure this promising addition to your investment portfolio.