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Pennine Avenue, Luton

East of England

£375,000
Listed on 28/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1518 sqft

Description

This well-kept three-bedroom semi-detached bungalow presents a unique opportunity for buyers looking to invest in a property with significant renovation potential. Set in a desirable residential area, this home boasts spacious interiors and the possibility of extending into the rear garden, subject to planning permission. The open-plan lounge and dining area is bright and inviting, providing a flexible space for family living and entertaining. At the back, the modern kitchen offers plenty of storage while enjoying pleasant views of the garden—a functional yet stylish setting. Three generously sized bedrooms accompany a contemporary shower room, all currently presented to ensure comfortable living. Outside, the detached garage and driveway offer substantial off-road parking, while the expansive rear garden holds promise for extensions that could add value or create additional bedrooms if desired. Located conveniently near local amenities, reputable schools, and transport links, this property is ideal for families or those looking to downsize without sacrificing potential. With its combination of space and opportunity, this bungalow stands out as a rare investment prospect in an appealing location.

Investment Analysis

(LU3 area)

Below Market Value

This property is priced -30.8% below area average per sq ft

-30.8%
Potential saving
This Property
£247/sq ft
Area Average
£357/sq ft
Avg Rent (weekly)
£304
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£596,286
10% above area average per sq ft
Potential ROI
+47.2%
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
23%
Properties sold annually

Local Market Trend (LU3)

Area prices are rising by +2.9% over the last 12 months
3 year growth: +1.5%
5 year growth: +18.4%
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

Pennine Avenue, Luton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,352
Based on a loan of £281,250 over 30 years at 4.06% 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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