Luton property for sale / flats for sale / houses for sale

< I N V E S T M E N T> Large Derelict Property (Druids Lodge)with planning for Two 5bed properti (£245,000)

Date posted: Tuesday 5th August
Location: Luton

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Large derelict double bay fronted victorian terraced property with planning permission for it to be converted into two 5 bed terraced homes. There is further scope to convert each of these two houses into 3 flats each (i.e total 6 flats).

The building has a bit of an interesting history as a long time ago it used to be used as a Druids Lodge. The downstairs was a meeting hall made up of 4 reception rooms with their walls removed. Producing a hall area of about 25 feet x 30 feet. There are further rooms downstairs and 5 bedrooms upstairs. The property also has a front and rear garden.

It is located only 10mins walking distance from the town centre and the Luton train station. the fastest train to ST PANCRAS is only 24mins.

The condition of the property is just a shell and would require major refurbishment. However this has been allowed for in the price. This is a fantastic building project for someone to make a tidy profit by selling on or to produce a vehicle for eventually renting two large houses or multiple occupancy letting. This is made even more attractive as the local University and the Arndale shopping centre is only 15mins walk away.

Price: £245000 Freehold

Any interested parties contact me by email: lut@newaddress.co.uk or on 07931 300695.

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