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Reginald Street, Luton, Bedfordshire, LU2 - Image 9
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Reginald Street, Luton, Bedfordshire, LU2

East of England

£275,000
Listed on 23/08/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
966 sqft

Description

This semi-detached property presents a promising opportunity for those looking to invest or undertake a renovation project. Located just off Old Bedford Road and within walking distance to the town center, this home offers convenient access to a variety of amenities, making it an appealing option for future tenants or homeowners. The property features three spacious double bedrooms and two reception rooms, providing ample living space. The entrance porch opens into a hallway leading to a bay-fronted lounge, creating an inviting atmosphere. A second reception room and a dining area with under-stairs storage offer versatility for family living or entertainment. The kitchen, which provides access to the rear garden, can be reimagined to suit modern tastes. On the first floor, you'll find a landing with loft access and additional storage. The main bedroom is also bay-fronted, while the other two bedrooms include practical amenities such as an airing cupboard. A three-piece shower room completes this level. Externally, the property boasts a hardstanding area at the front and an enclosed rear garden that offers potential for landscaping or outdoor living improvements. Additionally, permit parking bays are available nearby. With its traditional character and strategic location, this home requires full modernization but holds significant investment potential for those willing to put in the effort. An Energy Performance Certificate (EPC) rating of F indicates further opportunities for upgrading energy efficiency as part of the renovation process.

Investment Analysis

(LU2 area)

Below Market Value

This property is priced -23.1% below area average per sq ft

-23.1%
Potential saving
This Property
£285/sq ft
Area Average
£370/sq ft
Avg Rent (weekly)
£298
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£393,481
10% above area average per sq ft
Potential ROI
+4.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LU2)

Area prices are rising by +2.4% over the last 12 months
3 year growth: 8.8%
5 year growth: 21.4%
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

Reginald Street, Luton, Bedfordshire, LU2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,007
Based on a loan of £206,250 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE