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4 Bed HMO, Luton, LU1 5EX £280,000

Russell Rise, Luton, Bedfordshire, LU1 5EX - 5 views - 4 months ago
  1. Deal Search
  2. Luton
  3. LU1
  4. LU1 5EX
Sold STC
HMO
Planning
Outside Article 4
ROI: 7%
~129 m²

ValuationUndervalued

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Links

  • More Deals in Luton
  • More Deals in LU1
  • More HMO Deals
  • More HMO Deals in Luton
  • More HMO Deals in LU1

Property History

Listed for £280,000

August 16, 2025

Floor Plans

Description

  • Chain Free +
  • Four/Five Bedroom House +
  • Town Centre Location +
  • Fantastic Buy To Let +
  • Four First Floor Bedrooms +
  • Two Reception Rooms One Used As Fifth Bedroom +
  • Secluded Rear Garden +
  • Potential To Convert To HMO +
  • Easy Access To Luton Airport And Other Transport Links +
  • Viewing Advised +

Penrose are delighted to offer this exceptional four/five bedroom house, ideally situated on Russell Rise in the heart of Luton. Offered to the market chain-free and with offers over £280,000, this property presents a compelling proposition for both discerning homeowners and astute investors alike. Its prime town centre location ensures unparalleled convenience, placing residents within easy reach of a comprehensive array of local amenities, including vibrant shopping districts, diverse dining options, and essential services.

Upon entering, you are greeted by a flexible layout that currently offers one reception room, with a second reception room thoughtfully converted into a fifth bedroom, showcasing the property's adaptability to various living arrangements. This versatility is a significant advantage, particularly for larger families or those seeking additional guest accommodation or a dedicated home office space. The ground floor's adaptable nature allows for immediate comfortable living while also presenting scope for future customisation to perfectly align with individual preferences. Ascending to the first floor, you will find four well-proportioned bedrooms, providing ample private space for all occupants. These bedrooms are complemented by a single, conveniently located bathroom, ensuring practical living for a busy household. The layout is designed to maximise natural light and create a welcoming atmosphere throughout.

One of the standout features of this property is its fantastic potential as a buy-to-let investment. The current configuration, with the option of five bedrooms, makes it highly attractive to the rental market. Furthermore, the property holds significant potential to be converted into a House in Multiple Occupation (HMO), subject to the necessary planning permissions and regulations. This offers a lucrative income stream for investors looking to capitalise on Luton's strong rental demand, driven by its excellent transport links and proximity to major employment hubs.

Location is paramount, and Russell Rise excels in this regard. Residents benefit from incredibly easy access to Luton Airport, a major international gateway, making it ideal for frequent travellers or those working within the aviation industry. Beyond the airport, the property is exceptionally well-connected to other vital transport links, including Luton's mainline railway station, offering fast and frequent services to London St Pancras International, and major road networks such as the M1 motorway. This connectivity ensures effortless commutes and convenient travel across the region and beyond.

Given its chain-free status, versatile accommodation, prime town centre location, and significant investment potential, this property is expected to attract considerable interest. Whether you are a first-time buyer, a growing family, or a seasoned investor, this house offers a unique blend of comfort, convenience, and opportunity. Viewing is highly advised to fully appreciate the scope and appeal of this remarkable home. Do not miss the chance to secure a property with such diverse possibilities in a highly sought-after area.

Agent Details

Penrose Estate Agents, Luton

01582 377582

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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