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3 bed terraced house for sale

£250,000

Hitchin Road, Luton LU2

3 2 2
Interested in this property? Call +44 1582 936711 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Investment opportunity
  • Two tenanted apartments
  • Rear Garden
  • Close to Luton town centre
  • Close to Luton mainline train station

Property description



Venture Residential are pleased to offer for sale this terraced home which has been split into two separate one bedroom apartments each with their own private access, kitchen, bathroom and lounge. The ground floor apartment benefits from a rear garden. Hitchin Road is conveniently located within walking distance to Luton mainline train station, Luton town centre and the A6. Local shops, restaurants and public houses are located a short stroll up the hill. We have five of these houses on the market currently with eight apartments currently tenanted. Eight of the ten apartments are currently tenanted and are being sold as an ongoing concern with tenants in situ with ASTs. The remaining two apartments are currently on the market as available to let. Total rental income currently stands at £4,217pcm for the eight tenanted apartments and will increase to £5517.00pcm once the remaining two properties are let.There is potential to create an even greater income by increasing the rent on individual apartments which have lower than market value rent as and when the current tenants move out.

Entrance Hall
Radiator, Door to front.

Bathroom
Low level WC, Double glazed window, Bath with mixer taps and shower attachment, Radiator, Part tiled.

Kitchen - 7' 11'' x 12' 9'' (2.42m x 3.891m)
Double glazed window, Range of wall and base units, Space for washing machine, Space for oven, Space for fridge freezer,

Bedroom - 11' 4'' x 12' 5'' (3.465m x 3.788m)
Radiator, Double glazed window, Carpet.

Lounge - 12' 6'' x 16' 10'' (3.804m x 5.121m)
Carpets, double glazed windows, Radiator.

Flat 117B

Kitchen - 10' 11'' x 8' 0'' (3.34m x 2.43m)
Vinyl flooring, Stainless steel sink, Range of wall and base units, Space for fridge freezer, Space fore washing machine, Boiler.

Bathroom
Low level WC, Pedestal wash basin, Bath, Double glazed window.

Lounge - 12' 5'' x 10' 8'' (3.79m x 3.25m)
Gas fire, Double glazed window.

Bedroom - 8' 10'' x 14' 6'' (2.70m x 4.43m)
Carpets, Bay window to front.

Rear Garden


Property info

Market activity
Average price paid £254,854 Sales 666 Current average value £275,130 (Zoopla Zed-Index) Value change £7,494 ▲ 2.80%

Property value data/graphs for LU2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £420,762 £301 3.7 £376,183
Semi-detached £282,639 £312 3.0 £278,379
Terraced £233,246 £291 2.6 £235,831
Flats £162,042 £279 1.6 £157,011

Current asking prices in LU2

Average: £299,697
Avg. current asking prices in LU2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £300,000
(1)
£240,526
(19)
£294,015
(90)
£428,232
(34)
£512,000
(5)
Flats £165,092
(27)
£190,720
(25)
£170,000
(1)
- -
All £169,910
(28)
£212,227
(44)
£292,652
(91)
£428,232
(34)
£512,000
(5)

Current asking rents in LU2

Average: £944 pcm
Avg. current asking prices in LU2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £600 pcm
(13)
£873 pcm
(18)
£1,113 pcm
(38)
£1,541 pcm
(11)
£1,550 pcm
(3)
Flats £674 pcm
(37)
£818 pcm
(23)
£973 pcm
(2)
- -
All £655 pcm
(50)
£842 pcm
(41)
£1,106 pcm
(40)
£1,541 pcm
(11)
£1,550 pcm
(3)

Fun facts for LU2

Highest value in LU2
Highest value streets Zed-Index
Hexton Road £689,719
Sunset Drive £679,985
Putteridge Park £604,005
West Street £602,140
Mangrove Green £541,187
Highest turnover in LU2
Highest turnover streets Turnover
Birtley Croft 70.0%
Tanfield Green 66.7%
Renshaw Close 53.8%
Waddesdon Close 53.3%
Saltdean Close 50.0%

What Zoopla users think of Luton

Overall rating:

  • currently 3.5 stars
Good - 74% (515 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Luton (0.4 miles)
  • Luton Airport Parkway (1.0 mile)
  • Leagrave (2.6 miles)
  • London Luton Airport (1.8 miles)
  • London Stansted Airport (27.4 miles)
  • London Heathrow Airport (28.3 miles)
  • Kew Pier (28.1 miles)
  • Savoy Pier (28.8 miles)
  • Embankment Pier (28.9 miles)

Nearby schools

View all schools in Luton
  • St Matthew's Primary School (0.2 miles)
  • Richmond Hill School (0.4 miles)
  • Wenlock CofE Junior School (0.5 miles)
  • Luton Sixth Form College (1.2 miles)
  • KWS Educational Services (1.4 miles)
  • Barnfield College (1.6 miles)
  • Luton Pentecostal Church Christian Academy (0.5 miles)
  • Bury Park Educational Institute (Al - Hikmah Secondary School) (0.8 miles)
  • Denbigh High School (0.9 miles)
Note: Distances are straight line measurements

Local info for Luton

About the neighbours in LU2

AskMe Q&A for Luton

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For more information about this property, please contact
Venture Residential, LU4 on +44 1582 936711 * (local rate)

Monthly running costs Beta

£1,163 Monthly total
Mortgage
Purchase price
Deposit (10%) 25,000
Repayment term 25
Interest rate 1.5
Your payment £899 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £1,000,000 Contents value up to £100,000 Average insurance cost £14/mo (£165/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £31 Electricity £44 Estimated energy cost £75/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 11800 kWh/year
Electricity: 3600 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Luton

Estimated tax band C Council tax cost £144 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £16 Sewerage £15 Estimated water cost £31 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Venture Residential, and do not constitute property particulars. Please contact Venture Residential for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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