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Three Bedroom Maisonette

Nursery Parade, Luton

£180,000Guide Price

  • Three bedroom maisonette
  • Net yield of  6.72%
  • Rental income of £1,100pcm
  • Strong rental growth potential
  • Priced to sell

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Luton, Bedfordshire

Three Bedroom Maisonette| £180,000 | £1,100pcm rental per month

TENANTED INVESTMENT OPPORTUNITY
An opportunity to acquire a three-bedroom split-level maisonette in Luton, offered for sale with the current tenants in situ. Generating rental income of £1,100 per calendar month, the property offers an established income stream from completion.
With a stated lease term of 110 years and peppercorn ground rent, this property presents an attractive proposition for investors seeking to add to their rental portfolio.
KEY FEATURES
INVESTMENT OVERVIEW
At the asking price of £180,000, the current rent produces a gross annual yield of approximately 7.33%.
After deducting the stated annual service charge of £1,112, the annual rental income is £12,088, representing a net yield of approximately 6.72% before other ownership costs.
The sale with tenants in situ allows a purchaser to acquire an income-producing property without the initial need to find new tenants, subject to the existing tenancy terms and continued rental payments.

Return on Capital Employed (ROCE) Calculator

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Property Price

Mortgaged

Cash Purchase

Deposit

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25%

£180,000.00

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£3,000.00

£3,000.00

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£1,100.00

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£13,200.00

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5%

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