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Lorimer Close, Luton

East of England

£500,000

Listed on 02/07/2026

Property details

Bedrooms
4
Type
Detached House

Description

This spacious four-bedroom detached home is nestled at the end of a quiet cul-de-sac in the Bushmead area, presenting a remarkable opportunity for potential investors or families looking for a property with renovation possibilities. The layout includes a welcoming porch, a cloakroom, an expansive lounge that flows into a dining room, and a conservatory providing additional living space. On the upper floor, you will find four generously sized double bedrooms, including a master suite with its own en-suite bathroom. The integral garage adds to the practicality of this home, while the driveway accommodates parking for up to three vehicles. The rear garden features both paved and shingle areas, offering a blank canvas for outdoor enhancements or landscaping improvements. This property also has excellent scope for extensions (subject to planning permission), making it suitable for buyers seeking to increase their investment value. Located in a well-established suburb of Luton with local amenities nearby and excellent transport links, this chain-free property is ready for its new owner to infuse it with their personal touch.

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Investment analysis

(LU2 area)
Area Average
£374/sq ft
Avg Rent (weekly)
£299
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LU2)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -3.1%
5 year growth: +10.4%
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

Lorimer Close, Luton
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Mortgage calculator

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£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,889
Based on a loan of £375,000 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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