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£270,000
Bedrooms
Bathrooms
Nestled in the heart of Luton, this well-maintained three-bedroom terraced home on Ivy Road is a fantastic opportunity for both families and investors.
Situated just off the bustling Bury Park area, the property enjoys close proximity to a vibrant selection of restaurants, shops, and supermarkets, ensuring everyday conveniences are just a short stroll away. Its prime location also offers excellent transport links, including walking distance to Luton Train Station, making it ideal for commuters and those seeking urban accessibility.
As you step into the property, you are welcomed by a thoughtfully designed layout that maximises space and practicality. The ground floor features two reception rooms, with one currently utilised as a fourth bedroom, showcasing the home`s versatility to adapt to your needs. This flexible space is ideal for growing families or those seeking extra room for guests, a home office, or additional living space.
The kitchen, modern and functional, serves as the heart of the home. Fitted with sleek cabinetry and ample worktop space, it provides the perfect setting for preparing meals and socialising with loved ones. Beyond the kitchen, you will find a recently refitted bathroom boasting contemporary fixtures and a stylish finish, offering a comfortable and convenient area for daily routines.
Upstairs, the property continues to impress with three generously proportioned double bedrooms, all well-lit and thoughtfully presented. The ample space in each room provides flexibility for a variety of configurations, whether you need bedrooms, a study, or extra storage.
The property is in good condition throughout, requiring little to no work from its new owners. This turnkey condition allows you to move in and start enjoying your new home immediately.
For investors, the property`s location is a significant draw. Its close proximity to Luton Train Station and the amenities of Bury Park makes it a prime choice for tenants seeking convenience and connectivity.
Overall, this delightful home offers an excellent combination of modern living, practicality, and location. Whether you are looking for a family home or a smart investment opportunity, this property on Ivy Road is well worth a closer look.
Arrange a viewing today to see all that this fantastic property has to offer!
Entrance Hall
Lounge - 96' (2.9m) x 114' (3.45m)
Dining Room - 127' (3.84m) x 119' (3.58m)
Kitchen - 97' (2.92m) x 81' (2.46m)
Bathroom - 65' (1.96m) x 71' (2.16m)
First Floor Landing
Bedroom 1 - 111' (3.38m) x 125' (3.78m)
Bedroom 2 - 94' (2.84m) x 55' (1.65m)
Bedroom 3 - 95' (2.87m) x 82' (2.49m)
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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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