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The Grove, Luton, LU1

East of England

£360,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1356 sqft

Description

This three-bedroom property presents a solid foundation with significant renovation and investment potential. Upon entering, you are welcomed by a spacious entrance hall that leads into the light-filled lounge diner, where large double-glazed patio doors provide seamless access to the garden. The space is enhanced by a fireplace, making it an inviting area for both relaxation and gatherings. The kitchen is designed to accommodate those who love cooking, featuring ample base and wall units complemented by natural light. A side access leads directly to a 21-foot storage area currently utilized as a utility space; this could be transformed into additional living space subject to planning permission, offering further value enhancement possibilities. On the upper level, there are two well-sized double bedrooms along with a cozy single bedroom that could easily serve as an office or study. The loft has been converted into another generous double room with fitted carpets and Velux windows that flood the space with light. This area also includes an en-suite bathroom complete with essential amenities, providing convenience and privacy. Outside, the property boasts a private garden alongside a sizable storage shed measuring 21 feet—ideal for various uses or potential redevelopment. Driveway parking for two vehicles adds to the practicality of the home while facilitating easy access to the rear garden. Situated in a desirable location with no onward chain, this home has all the essentials for family life while offering numerous opportunities for modernization or expansion. Its layout lends itself well to creative improvements, making it an excellent prospect for those looking to invest in a property with potential for appreciation.

Investment Analysis

(LU1 area)

Below Market Value

This property is priced -19.1% below area average per sq ft

-19.1%
Potential saving
This Property
£265/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£234
Avg Yield
4.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£489,469
10% above area average per sq ft
Potential ROI
+27.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LU1)

Area prices are stable by +0.9% over the last 12 months
3 year growth: 9.5%
5 year growth: 11.3%
Investment Disclaimer: Analysis based on LU1 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

The Grove, Luton, LU1
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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
£1,319
Based on a loan of £270,000 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