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Homestead Way, Luton

East of England

£350,000
Listed on 31/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This semi-detached property features three bedrooms and is situated in the Farley Hill area of Luton, known for its convenient access to a variety of local services, schools, shops, and other amenities. The location offers excellent transport links, including proximity to M1 Junction 10 and Luton Station, making it an appealing choice for families and commuters alike. The home itself includes an entrance hall that opens into a spacious through lounge diner, allowing for ample natural light and flexibility in use. The kitchen is fitted with essential appliances and practical storage options, offering a functional space for culinary activities. On the first floor, there are three well-proportioned bedrooms along with a family bathroom that has been fully tiled. Externally, the property benefits from both front and rear gardens, providing outdoor space for recreation or gardening. Off-road parking is available at the front of the house. Notably, there is potential for extension or further development (subject to planning permission), which could significantly enhance the property's value over time. Additional features include a separate outbuilding that contains a washroom fitted with essential amenities and a utility area with plumbing provisions. This space adds versatility and can be adapted to suit various needs—whether as extra storage or a workspace. Considering its prime location and renovation potential, this property presents an excellent opportunity for investors and homeowners looking to create their ideal living space while benefiting from future appreciation in value.

Investment Analysis

(LU1 area)
Area Average
£328/sq ft
Avg Rent (weekly)
£234
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LU1)

Area prices are stable by +0.9% over the last 12 months
3 year growth: 9.5%
5 year growth: 11.3%
Investment Disclaimer: Analysis based on LU1 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

Homestead Way, 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