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Turnpike Drive, Luton

East of England

£350,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
850 sqft

Description

This three-bedroom semi-detached home offers a promising canvas for renovation, positioned in a well-established neighborhood in North Luton. The property boasts spacious living areas and ample parking, making it an appealing choice for those looking to invest in a home with potential. The ground floor features a sizeable open-plan lounge and dining area, creating a flexible space that could be tailored to meet various lifestyle needs. Adjacent is the kitchen, which also grants access to the rear garden—an essential aspect for families or anyone who enjoys outdoor space. Upstairs, you will find three generously-sized bedrooms along with a family bathroom. While some updates would enhance its appeal, this property presents an excellent opportunity for buyers to implement their own design ideas and modernize the living spaces according to their personal tastes. On the exterior, the property provides off-road parking for multiple vehicles—a significant advantage in this sought-after locale. Additionally, there is a garage that can serve as extra storage or parking space. The private rear garden offers potential for landscaping or creating an outdoor entertaining area. Situated on Turnpike Drive, residents benefit from a vibrant local community along with excellent amenities nearby. The area is well-connected by transport links, including easy access to the A6 and other major routes, simplifying commutes for professionals. Families will appreciate being within reach of highly rated primary and secondary schools. This residence stands out not only as a comfortable family home but also as an attractive investment opportunity due to its favorable location and scope for enhancements. It’s ideal for first-time buyers eager to enter the market or investors looking to develop a rental property in this growing area.

Investment Analysis

(LU3 area)

Above Market Value

This property is priced +16.7% above area average per sq ft

+16.7%
This Property
£412/sq ft
Area Average
£353/sq ft
Avg Rent (weekly)
£294
Avg Yield
4.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£330,008
10% above area average per sq ft
Potential ROI
-10.8%
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

Turnpike Drive, Luton
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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