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Waller Avenue, Luton, Bedfordshire, LU4

East of England

£325,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
699 sqft

Description

This three-bedroom end of terrace home presents a unique opportunity for renovation and personal customization in the desirable Challney area of Leagrave. The property is offered chain-free, making it an accessible option for buyers ready to invest in their next project. Inside, the layout features an entrance hall that leads into a spacious living room, ideal for family gatherings or relaxation. The kitchen/diner provides a versatile space that could benefit from modern updates, offering potential for seamless indoor-outdoor entertaining. The first floor comprises three well-sized bedrooms and a family bathroom, which can be transformed to fit contemporary tastes and needs. Outside, the property boasts a private rear garden—a blank canvas for landscaping enthusiasts or those looking to create an outdoor retreat. Additionally, there is ample space along the side of the house that may allow for extension (subject to planning permission), providing further investment potential as families grow or lifestyles change. The location adds significant value; being set back from the main road with private gated access ensures peace and quiet while still being conveniently close to essential amenities. The property falls within the sought-after Challney High School catchment area, appealing to families prioritizing education. Commuters will appreciate the nearby M1 motorway and Leagrave’s Thameslink station, facilitating easy travel to surrounding areas. This property offers not just a place to live but also a promising investment opportunity in a well-established neighborhood.

Investment Analysis

(LU4 area)

Above Market Value

This property is priced +30.7% above area average per sq ft

+30.7%
This Property
£465/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£320
Avg Yield
5.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£273,536
10% above area average per sq ft
Potential ROI
-21.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (LU4)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 4.0%
5 year growth: 27.6%
Investment Disclaimer: Analysis based on LU4 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

Waller Avenue, Luton, Bedfordshire, LU4
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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
£1,191
Based on a loan of £243,750 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