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Land for Sale, Kingston Road, Luton

East of England

£180,000
Listed on 09/02/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

This vacant freehold property presents a compelling opportunity for investors and developers alike. With a site area of approximately 0.038 hectares (0.093 acres), its corner location enhances accessibility and visibility, making it an attractive option for potential residential development. Situated in a well-regarded neighborhood just off Stockingstone Road and Old Bedford Road, the site benefits from a vibrant community atmosphere and convenient access to local amenities. Proximity to schools, parks, and public transport adds to its appeal, making it suitable for various residential projects. Given its dimensions and strategic position, the property holds significant potential for redevelopment into flats or other residential units, subject to obtaining the necessary planning permissions. This flexibility opens doors to various investment strategies in a growing market. With no options or overage agreements tied to this site, the new owner can explore development possibilities with confidence. This is an opportunity to shape a key piece of land in a sought-after area while capitalizing on the increasing demand for housing in the region.

Investment Analysis

(LU2 area)
Area Average
£373/sq ft
Avg Rent (weekly)
£295
Avg Yield
4.5%

Renovation Potential

Est. Renovation Cost
£18,000 - £45,000
10-25% of property value
Monthly Sales
37
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (LU2)

Area prices are rising by +3.6% over the last 12 months
3 year growth: 12.3%
5 year growth: 24.6%
Investment Disclaimer: Analysis based on LU2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Land for Sale, Kingston Road, Luton
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