Summary - 228 230 Hitchin Road, Luton, LU2 LU2 0EX
1 bed 1 bath Block of Apartments
**Standout Features:**
- **Freehold Property:** Unbroken freehold consisting of 5 residential units.
- **Rental Income:** Currently generating approx. £68,000 p/a, with an estimated rental value (ERV) of £75,000.
- **Expansion Potential:** Opportunity to extend upwards into the airspace above, potentially adding two more apartments (subject to permitted development).
- **Parking Availability:** Five parking spaces at the rear and additional parking at the front.
**Property Summary:**
Discover a prime investment opportunity in the LU2 postcode, perfect for investors looking to capitalize on a growing urban rental market. This well-maintained block of apartments features two 2-bedroom homes, two 1-bedroom houses, and a ground-floor flat—all fully tenanted. With a proven rental income and the potential for increased revenue through strategic renovations, this property offers exceptional appeal.
Set in a culturally vibrant area, the property enjoys good transport links, and essential amenities are just around the corner. Families will appreciate the nearby schools, with several rated 'Good' by Ofsted, catering to their education needs.
While the building is in good condition, prospective buyers should be prepared to provide proof of funding before arranging internal viewings, allowing for minimal disruption to current tenants. This unique offering not only ensures security with multiple generating units but also presents a chance to expand and enhance your investment in a sought-after location. Act quickly—opportunities like this don’t last long!
12 bedroom apartment for sale in 65 Windsor Street, Luton, Bedfordshire, LU1 — £1,400,000 • 12 bed • 9 bath • 680 ft²
10 bedroom apartment for sale in Sarum Road, Leagrave, Luton, Bedfordshire, LU3 2BF, LU3 — £1,200,000 • 10 bed • 10 bath
Land for sale in New Bedford Road, Luton, LU1 — £4,000,000 • 1 bed • 1 bath
7 bedroom semi-detached house for sale in Halfway Avenue, Luton, LU4 — £595,000 • 7 bed • 6 bath • 3199 ft²
6 bedroom detached house for sale in Block of apartments, Windsor Walk, Luton, LU1 — £625,000 • 6 bed • 3 bath • 564 ft²
3 bedroom terraced house for sale in High Town Road, Luton, LU2 — £325,000 • 3 bed • 2 bath
