HMO 3, Luton Airport

2017/18 - HMO 3, Luton

Front - Side Extension

Room 6 - £600 pcm

Room 6 - Shower area

Room 1 - £525 pcm

Kitchen & Dining

Proposed Layout

2 Extra bedrooms. The rear bedroom will have its own outside area.

Proposed Extension

A wrap around flat roof extension to add 2 more bedrooms & living space.

Project Details

Purchase Method: Open Market

Purchase Price: £265,000

Value 2022: £450,000

Freehold

Bedrooms: 6

Receptions: 1

Bathrooms: 1+5 Showers

Parking: 2

Garden: 60 ft

This property was purchased by Loop Lettings Ltd in August 2017 with 2 objectives. To make a 6 bedroom HMO and with the land to the side we would be able to keep our team occupied for longer as well as adding value to the property.

The HMO's Loop buy are planned to be a 20 year investment and then sold on as a family home. Or the option to be sold as a HMO going concern.

We received planning permission just before Christmas 2017 and plan on having the extension built and 6 tenants occupying the house by April 2018.

Note:

Further financial information on all of our previous developments is available to investors upon receipt of a signed NDA.