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Devon Road, LUTON, Bedfordshire, LU2 - Image 1
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Devon Road, LUTON, Bedfordshire, LU2

East of England

£400,000
Listed on 21/06/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1432 sqft

Description

This semi-detached four-bedroom home, situated on a desirable street in Luton, presents an exciting opportunity for those looking to invest or renovate. The property is spacious and offers a practical layout that can cater to the needs of both families and individuals seeking room for customization. The ground floor features a well-proportioned living area alongside multiple reception rooms that create flexibility for different uses—whether for entertaining guests or creating a cozy family space. A modern kitchen is currently in place, while the convenience of a bathroom on this level adds to its functional appeal. Outside, the property includes a generous private driveway with enough space for several vehicles, complemented by a secure garage that provides extra storage or workshop potential. This aspect makes it attractive for buyers needing additional utility beyond just living space. Located in a prime area of Luton, this home not only benefits from local amenities but also presents excellent renovation potential. With room for extensions or modifications (subject to planning permission), new owners can truly tailor this property to their vision. It's advised to schedule a viewing to fully comprehend the possibilities this home offers, making it an ideal choice for those aiming to invest in real estate with significant upside potential.

Investment Analysis

(LU2 area)

Below Market Value

This property is priced -24.6% below area average per sq ft

-24.6%
Potential saving
This Property
£279/sq ft
Area Average
£370/sq ft
Avg Rent (weekly)
£298
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£583,297
10% above area average per sq ft
Potential ROI
+35.7%
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

Devon Road, 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
£1,465
Based on a loan of £300,000 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