This property has been taken off the market.

5 Bed Flat For Sale Newcombe Road, Luton, LU1

£575,000- Flat

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Last Updated: 5th February 2024

Description

Penrose are delighted to offer this recently renovated Multi-Unit freehold block of three high specification apartments, each with their own parking space, conveniently situated within a central Luton location that would prove to be an ideal, and secure future proof buy to let investment. The block consists of two newly renovated x2-bedroom high specification apartments (circa 565 ft2), and one newly renovated x1-bedroom high specification apartment (circa 495 ft2), which would be expected to generate a combined annual of income of approximately £32,000 PA. All of the amenities of the town centre are within walking distance including Luton's mainline train station with direct lines into London St. Pancras within 25 minutes via the East Midlands Line, as well as J10 of the M1 being within close proximity. The current owners have spared no expense in the properties renovation and any potential purchaser should expect to find tenants for each apartment swiftly. A viewing is highly recommended to fully appreciate what a fantastic investment opportunity this is!

General Dwelling Specification:
High efficiency gas combination boiler (Glowworm Betacom 24c)
Double glazed UPVC windows (FENSA certified)
Premdoor FD60 internal doors (satin white finish) with brushed stainless steel ironmongery
Ultra-low energy LED light fittings
Audio door entry system Electrical spur for intruder alarm system USB plug sockets
Multimedia plate in Lounge and Master Bedroom (wall mount screen option)
Sky Q Television (hard wired)
Hardwired data point in each room
High speed internet backbone cabling structure fitted

The Bathroom Specification:
ROCA brand porcelain ceramic wall and floor tiles (matt finish)
Hudson heated chrome towel rail
Bristan Monoblock aerator tap (chrome finish)
Bristan bath shower mixer aerator tap (chrome finish)
Smart Mirror with LED Lighting and Shaver Socket ROCA
Sanitaryware Kaldwei steel bath Roman shower screen (with easy clean glass)
Floor substrates proofed against water penetration via GRP tanking

The Kitchen Specification:
Shaker style kitchen door fronts (18mm thick)
Grey oak high pressure laminate worktop inc upstand
Brushed stainless steel cooker hood (Lamona)
Brushed stainless steel splash back (Lamona)
Integrated kitchen appliances (Lamona branded including fridge and freezer (full height), washing machine, gas hob, gas oven and extractor)
4 burner gas hob and gas oven ROCA porcelain floor tiles (matt finish)
11mm engineered wood flooring (grey oak; strip wood)

Supplementary Info :
Individual connections and meters for each dwelling (gas, water and electricity)
Detailed planning consent reference - LBC 19/00158/FUL
Building Control Final Certificate for each dwelling (and Common Parts)
10-year warranty / Latent Defects insurance for each dwelling available
Further development potential on land at rear (ground floor apartment)

Our customer appointed Penrose Estate Agents to dispose of the Freehold(s) in an efficient and reliable manner.
New applicants are subject to vetting to ensure they meet the criteria.


Agent Details
Penrose Estate Agents
386 Hitchin Road Luton LU2 7SR

Investment Analysis

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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