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Ross Close, Luton, Bedfordshire, LU1 5RB - Image 1
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Ross Close, Luton, Bedfordshire, LU1 5RB

East of England

£110,000

Listed on 10/06/2026

Property Details

Bedrooms
1
Type
Apartment
Area
538 sqft

Description

This second-floor one-bedroom flat in the desirable Farley Hill area of Luton represents a compelling opportunity for buyers looking to undertake a complete renovation project. The property requires thorough modernisation throughout, making it ideal for those wishing to personalize or invest in a home tailored to contemporary needs. The apartment features a good-sized double bedroom, a bright living/dining area with a Juliet balcony, and basic kitchen and bathroom facilities, all of which can be reimagined to create a more functional and attractive living space. Benefiting from an appealing location near local amenities and schools, as well as convenient access to Junction 10 of the M1 motorway, this flat has significant potential for value enhancement. With approximately 90 years remaining on the lease and an annual service charge estimated at £1,000, this property presents an excellent canvas for first-time buyers or investors keen on maximizing their return through thoughtful renovations.

Investment Analysis

(LU1 area)

Below Market Value

This property is priced -38.9% below area average per sq ft

-38.9%
Potential saving
This Property
£204/sq ft
Area Average
£335/sq ft
Avg Rent (weekly)
£251
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£198,016
10% above area average per sq ft
Potential ROI
+32.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LU1)

Area prices are stable by -1.3% over the last 12 months
3 year growth: +3.6%
5 year growth: +2.8%
Investment Disclaimer: Analysis based on LU1 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

Ross Close, Luton, Bedfordshire, LU1 5RB
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£416
Based on a loan of £82,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

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