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Richmond Hill, Luton, Bedfordshire, LU2 7JQ - Image 1
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Richmond Hill, Luton, Bedfordshire, LU2 7JQ

East of England

£345,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
915 sqft

Description

This three-bedroom house is located in the desirable Round Green area of Luton, presenting a promising opportunity for buyers interested in renovation or investment. With its solid structure and inviting layout, this property offers a canvas ready to be transformed into a contemporary family home. The property features a convenient driveway at the front, providing essential off-road parking—an important advantage in this sought-after neighborhood. While the interior requires modernization, it boasts two spacious reception rooms that offer flexibility for various living arrangements. Whether you envision a cozy living room with an adjoining dining area, or perhaps create dedicated spaces for work or play, the existing layout has potential that can be unlocked through thoughtful updates. Upstairs, there are three comfortable bedrooms that cater well to families. The single bathroom currently serves these rooms and presents an opportunity for refurbishment to enhance functionality and style. Additionally, there is potential for extension, subject to planning permission (STPP), allowing you to increase living space according to your future needs. A key highlight of this property is its sizeable rear garden. This expansive outdoor area provides an excellent space for relaxation and recreation—ideal for summer gatherings or quiet morning retreats. The garden also allows for landscaping possibilities that can create distinct outdoor zones tailored to individual preferences. From a location standpoint, this property excels with its proximity to reputable schools, making it particularly appealing for families seeking quality education options. Major transport links are easily accessible; Luton Airport Parkway station offers quick connections to London, and major road networks like the M1 are merely minutes away. Local amenities such as shops and leisure facilities are within close reach, ensuring daily conveniences are just around the corner. Viewings are recommended to truly appreciate both the potential of this home and its advantageous location. This property represents not just a house but an opportunity to invest in a personalized living space within one of Luton's prime neighborhoods.

Investment Analysis

(LU2 area)

Above Market Value

This property is priced +1.8% above area average per sq ft

+1.8%
This Property
£377/sq ft
Area Average
£371/sq ft
Avg Rent (weekly)
£301
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£372,908
10% above area average per sq ft
Potential ROI
-3.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
71
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (LU2)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -0.1%
5 year growth: 16.8%
Investment Disclaimer: Analysis based on LU2 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

Richmond Hill, Luton, Bedfordshire, LU2 7JQ
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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
£1,264
Based on a loan of £258,750 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