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Ashcroft Road, Luton LU2 - Image 1
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Ashcroft Road, Luton LU2

East of England

£2,500,000
Listed on 16/04/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
3485 sqft

Description

This property represents a unique development opportunity situated on approximately 0.8 acres in the sought-after area of Stopsley, Luton. Currently comprising a detached house alongside two semi-detached bungalows, the site is ideally positioned close to local amenities, including shops and the Inspire Luton Sports Village. The mixture of residential housing surrounding this plot enhances its investment value, making it suitable for various residential developments such as private residences or retirement and care facilities. With freehold tenure and vacant possession available upon completion, this site opens potential avenues for both unconditional offers or those subject to planning permissions. Transport connections are notably strong in this area, featuring efficient bus services and a central train station providing direct links to London St Pancras in about 30 minutes. Additional conveniences include access to London Luton Airport and an array of nearby leisure and healthcare facilities. Prospective buyers should consider conducting their due diligence regarding the condition of existing structures as there has been no testing of fixtures or fittings.

Investment Analysis

(LU2 area)

Above Market Value

This property is priced +93.1% above area average per sq ft

+93.1%
This Property
£717/sq ft
Area Average
£372/sq ft
Avg Rent (weekly)
£295
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,424,145
10% above area average per sq ft
Potential ROI
-48.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
70
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (LU2)

Area prices are stable by +0.5% over the last 12 months
3 year growth: 0.0%
5 year growth: +18.0%
Investment Disclaimer: Analysis based on LU2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Ashcroft Road, Luton LU2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£9,017
Based on a loan of £1,875,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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