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Homedale Drive, Luton, Bedfordshire, LU4

East of England

£300,000
Listed on 09/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1085 sqft

Description

This spacious two-bedroom bungalow is situated in a highly desirable area known for its excellent school catchment, particularly the renowned Challney school. The property offers a blend of urban convenience and suburban tranquility, ideal for families or those seeking a peaceful living environment. Upon entering, you'll find an entrance hall featuring built-in storage solutions, which leads to a comfortable bay-fronted lounge and dining area. This space is filled with natural light, providing a warm atmosphere for relaxation or entertaining. The kitchen is equipped with an integrated hob and oven, along with space for additional appliances, presenting an opportunity for updates and personalization. Both bedrooms are generously sized, accommodating various furniture arrangements and personal styles. A wet room adds practicality to the layout while offering further scope for modernization if desired. The exterior of the property includes a manageable front garden laid to lawn alongside a driveway that provides off-street parking. A lean-to offers direct access to a single garage, enhancing the usability of the outdoor space. The rear garden is notably larger than average and fully enclosed, presenting an excellent canvas for potential landscaping projects or expansions (subject to planning permission). Additionally, there’s a wooden storage shed for outdoor equipment or gardening tools. This property not only provides comfortable living as it stands but also holds significant renovation potential that could enhance its value further. Whether you’re looking to create your dream home or consider it as an investment opportunity in a vibrant community, this bungalow's versatile features cater to both options. An EPC rating of D indicates opportunities for energy efficiency improvements as well.

Investment Analysis

(LU4 area)

Below Market Value

This property is priced -22.3% below area average per sq ft

-22.3%
Potential saving
This Property
£276/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£320
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£424,588
10% above area average per sq ft
Potential ROI
+24.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Homedale Drive, 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
£1,099
Based on a loan of £225,000 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