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Ashcroft Road, Luton

East of England

£2,500,000
Listed on 15/04/2025

Property Details

Bedrooms
N/A
Type
Detached

Description

This residential development site presents a substantial opportunity in the picturesque area of Stopsley, Luton. Spanning approximately 0.8 acres, the property encompasses a detached house and two semi-detached bungalows, nestled within a diverse residential setting. The site's proximity to local amenities, including shops and the Inspire Luton Sports Village, enhances its appeal for potential residential projects, whether for private ownership or retirement and care facilities. The freehold property is offered with vacant possession upon completion, providing flexibility for various development pathways. Interested parties have the option to make offers on either an unconditional basis or subject to planning approval. Excellent transport links further bolster this location's attractiveness, featuring frequent bus services and a central train station offering direct connections to London St Pancras in approximately 30 minutes, along with convenient access to London Luton Airport. The surrounding area is rich with shops, dining options, healthcare facilities, and leisure activities. Prospective buyers should perform their own due diligence regarding utilities and property condition as no fittings or services have been tested.

Investment Analysis

(LU2 area)
Area Average
£372/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
78
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (LU2)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -1.5%
5 year growth: +17.1%
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
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£8,855
Based on a loan of £1,875,000 over 30 years at 3.91% 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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