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Lamorna Close, Luton, Bedfordshire, LU3 - Image 1
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Lamorna Close, Luton, Bedfordshire, LU3

East of England

£270,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1050 sqft

Description

This three-bedroom townhouse in the Limbury Mead area of Luton presents a unique opportunity for those seeking a renovation project or investment potential. The property is set within a vibrant suburban community, offering a canvas for homeowners to customize and modernize according to their tastes and needs. Located just over half a mile from Leagrave railway station, this home benefits from excellent transport links, with Thameslink services providing direct access to London in approximately 35 minutes. Additionally, its proximity to the M1 motorway and Luton Airport enhances its appeal for commuters and frequent travelers alike. Families will find an array of educational options close by. The Meads Primary School, rated “Good” by Ofsted, is conveniently situated less than 150 meters away. Also within walking distance are Waulud and Icknield Primary Schools, as well as several secondary schools such as Icknield High School, Lealands High School, and the highly regarded Challney High School for Girls. The property is positioned in a tranquil neighborhood yet remains close to essential amenities. Within half a mile, residents can access over ten food stores including Tesco Express and Lidl, along with local pharmacy services. Public transportation options are readily available with multiple bus stops nearby, ensuring easy navigation throughout Luton. With the potential for significant refurbishment and personalization combined with its strategic location near transport links and local facilities, this townhouse serves as an appealing opportunity for both first-time buyers and seasoned investors looking to capitalize on the area's growth prospects.

Investment Analysis

(LU3 area)

Below Market Value

This property is priced -27.1% below area average per sq ft

-27.1%
Potential saving
This Property
£257/sq ft
Area Average
£353/sq ft
Avg Rent (weekly)
£294
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£407,657
10% above area average per sq ft
Potential ROI
+31.5%
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

Lamorna Close, Luton, Bedfordshire, LU3
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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
£989
Based on a loan of £202,500 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