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Meyrick Avenue, Luton, Bedfordshire, LU1 - Image 1
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Meyrick Avenue, Luton, Bedfordshire, LU1 - Image 5

Meyrick Avenue, Luton, Bedfordshire, LU1

East of England

£340,000
Listed on 24/05/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1044 sqft

Description

This semi-detached property in Farley Hill, South Luton offers a solid foundation for those looking to invest or renovate. With three bedrooms, the home presents a unique opportunity for enhancement and personalization. Entering the residence, you are greeted by a welcoming porch that leads into an entrance hall with convenient understairs storage. The lounge features a traditional gas fireplace, adding warmth to the living space. The highlight of the ground floor is the substantial 18ft kitchen/diner, equipped with integral appliances such as a hob, oven, and microwave—ideal for both everyday living and entertaining. On the upper level, the layout includes a landing that provides access to three bedrooms. The main bedroom comes with built-in wardrobe space, while the second and third bedrooms offer ample room for various uses; one of which also benefits from built-in storage. The bathroom completes this floor with its functional three-piece suite and additional storage cupboard housing a wall-mounted boiler. The exterior of the property enhances its appeal further. A well-kept front garden complements the driveway that provides off-street parking options. Secure gated access leads to additional parking space and a single-width garage. The rear garden is laid to lawn, offering potential for landscaping or outdoor improvements. Located close to essential transport links, this property is perfectly positioned for commuting and access to local amenities. With potential for extension subject to planning permission (STPP), it stands as an excellent opportunity for renovation or investment in a desirable area. An Energy Performance Certificate rating of D reflects its current efficiency status while leaving room for enhancements through modernizations.

Investment Analysis

(LU1 area)

Below Market Value

This property is priced -0.2% below area average per sq ft

-0.2%
Potential saving
This Property
£326/sq ft
Area Average
£326/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.2%

Renovation Potential

Est. Renovation Cost
£34,000 - £85,000
10-25% of property value
Target Value
£374,780
10% above area average per sq ft
Potential ROI
-11.8%
After renovation
Monthly Sales
20
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (LU1)

Area prices are rising by +5.8% over the last 12 months
3 year growth: 12.4%
5 year growth: 12.9%
Investment Disclaimer: Analysis based on LU1 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

Meyrick Avenue, Luton, Bedfordshire, LU1
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