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Reedsdale, Luton, Bedfordshire, LU2 9TG

East of England

£350,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1035 sqft

Description

Situated in the desirable Wigmore area of Reedsdale, Luton, this chain-free three-bedroom property presents a unique opportunity for both families and investors seeking potential for renovation or development. The exterior features a spacious driveway that accommodates multiple vehicles, complemented by large side access—ideal for additional storage or possible future expansion, pending the usual planning permissions (STPP). This aspect alone opens avenues for various investment strategies. Inside, the ground floor layout is functional and adaptable, beginning with an entrance hallway that leads to the first of three versatile reception areas. This room could serve as a formal dining space, family lounge, or even a home office—offering flexibility to cater to your specific lifestyle. The remaining reception rooms further enhance this adaptability, allowing you to configure spaces that meet your family's evolving needs. A downstairs WC adds convenience for daily living. The kitchen is adequately sized for food preparation and has excellent potential for modernization, enabling you to create a culinary space tailored to your personal preferences. Moving upstairs, you'll find three well-proportioned bedrooms. The master suite stands out with its own en-suite facilities that provide enhanced privacy. The two additional bedrooms are suitable for children or guests and can also be repurposed as office space if needed. The main family bathroom, featuring a neutral design, offers an opportunity for personalization. Location-wise, the Wigmore area is known for its strong community atmosphere and accessibility to essential amenities. Schools, shopping options, and transport links are within easy reach, making it an attractive choice for families and commuters alike. The area's solid reputation assures strong interest in homes with such potential. This property combines space and versatility with significant investment opportunities in a coveted location. Whether you're looking to create your ideal family home or seeking an investment that can realize value through renovation or extension, this house provides ample possibilities. Viewing is recommended to fully appreciate what this property has to offer in terms of both livability and potential growth.

Investment Analysis

(LU2 area)

Below Market Value

This property is priced -8.7% below area average per sq ft

-8.7%
Potential saving
This Property
£338/sq ft
Area Average
£370/sq ft
Avg Rent (weekly)
£298
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£421,587
10% above area average per sq ft
Potential ROI
+8.1%
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

Reedsdale, Luton, Bedfordshire, LU2 9TG
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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
£1,282
Based on a loan of £262,500 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