• Four Double Bedrooms +
• Property Sold With Sitting Tennants Paying £1100 Pcm +
• Chain Free +
• In Need Of Modernising Throughout +
• Large Rear Garden +
• Investors Purchase Only Due To Tennants +
• Potential To Extend STPP +
• Popular Maidenhall Area +
• Cash Buyers Only +

Penrose are delighted to offer this unique and compelling investment opportunity. This spacious four double bedroom bungalow is now available for sale in the highly sought-after Maidenhall area of Luton. This property is specifically tailored for investors, as it is being sold with sitting tenants currently generating a rental income of £1,100 per calendar month. This immediate income stream makes it an attractive proposition for those looking to expand their portfolio with a property that offers instant returns.

Prospective buyers are invited to an exclusive Open House event on 18th September 2025, between 1pm and 3pm, providing a prime opportunity to view the property and assess its potential firsthand. Please note, due to the existing tenancy, this purchase is strictly for investors only, and cash buyers are preferred to ensure a smooth and efficient transaction.

The bungalow, while currently comfortable for its tenants, is in need of modernising throughout. This presents a fantastic chance for the new owner to add significant value through a comprehensive refurbishment programme. Imagine transforming this property into a contemporary and highly desirable residence, which could further enhance its rental yield or future resale value. The scope for improvement is vast, allowing for a personalised touch to bring it up to modern standards. One of the standout features of this property is its generous proportions, boasting four genuine double bedrooms. This makes it an ideal family home or a highly rentable asset, catering to a wide demographic of tenants. The single reception room offers a comfortable living space, while the single bathroom serves the property's needs. With a thoughtful modernisation, these areas could be reconfigured or enhanced to create a truly exceptional living environment.

Externally, the property benefits from a large rear garden, providing valuable outdoor space. This is a significant asset, offering potential for landscaping, creating an outdoor entertaining area, or even further extending the property, subject to obtaining the necessary planning permissions (STPP). The potential to extend is a key advantage, allowing for the creation of additional living space or even more bedrooms, thereby increasing the property's overall value and appeal.