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High Mead, Luton, Bedfordshire, LU3 1RY

East of England

£475,000
Listed on 03/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1378 sqft

Description

Nestled in the sought-after ‘Saints’ district of Luton, this traditional bay-fronted detached family home presents a unique opportunity for buyers interested in renovation and investment potential. With five spacious bedrooms, a bathroom, and a shower room, the property accommodates a growing family while also offering considerable scope for enhancement. Upon arrival, you’ll find a sizable driveway that provides parking for up to three vehicles and leads directly to an integral garage—an asset in this popular neighborhood. While the property has been well-maintained overall, it is ready for your personal touch. This allows new homeowners to move in comfortably while considering future renovations that could significantly increase its value. Inside, the welcoming entrance hall leads to two flexible reception rooms that can easily adapt to your lifestyle needs—be it a formal lounge, inviting family area, or a dedicated workspace. Natural light floods these spaces, creating an inviting atmosphere ideal for various occasions. A convenient shower room on the ground floor enhances everyday functionality. The kitchen serves as the heart of the home; although it is functional as-is, there is ample opportunity to modernize it according to contemporary preferences and culinary aspirations. On the upper level, five generously proportioned bedrooms provide private retreats for family members. The layout prioritizes both privacy and space, making it suitable for diverse living arrangements. The accompanying family bathroom meets essential needs while presenting options for renovation that could elevate comfort and style. Notably, the loft space offers significant potential for expansion (subject to planning permissions), allowing you to increase both living area and property value as your family's requirements evolve. The location further enhances this property's appeal. It lies within an excellent school catchment area—ideal for families seeking quality education options at all ages. Daily conveniences are just a short walk away in Bury Park, where a variety of shops, restaurants, and cultural amenities are readily accessible. Commuters will appreciate Leagrave Train Station's proximity, providing efficient transport links to London and surrounding areas—a prime advantage for those working in the capital. The ‘Saints’ area is celebrated for its tranquil residential feel while maintaining strong connectivity to urban facilities and green spaces. This detached residence combines suburban comfort with urban accessibility, making it a compelling prospect for those looking to invest in a substantial family home in Luton with both immediate comforts and considerable future potential.

Investment Analysis

(LU3 area)

Below Market Value

This property is priced -2.3% below area average per sq ft

-2.3%
Potential saving
This Property
£345/sq ft
Area Average
£353/sq ft
Avg Rent (weekly)
£294
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£535,002
10% above area average per sq ft
Potential ROI
+1.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LU3)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 2.3%
5 year growth: 17.5%
Investment Disclaimer: Analysis based on LU3 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

High Mead, Luton, Bedfordshire, LU3 1RY
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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
£1,740
Based on a loan of £356,250 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