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Richmond Hill, LUTON, Bedfordshire, LU2

East of England

£400,000
Listed on 31/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
943 sqft

Description

This semi-detached three-bedroom house offers a solid foundation for those looking to invest or renovate. Nestled on a generous plot, the property features a private driveway and a garage set back from the road, providing ample off-street parking. The expansive rear garden presents an appealing outdoor space with significant potential for landscaping or expansion. The interior layout includes a welcoming hallway that leads to both a lounge and dining room, creating an inviting atmosphere for everyday living. The kitchen is accompanied by a utility area and a convenient downstairs WC, making it functional for family use. Upstairs, you’ll find three well-proportioned bedrooms alongside a family bathroom, all of which are in good condition but could benefit from modern updates. Located near convenient transport links, this property is ideal for commuters looking for easy access to surrounding areas. With the possibility for extensions (subject to planning permission), this home not only provides comfortable living space but also opens up opportunities for value enhancement through renovation or expansion. An investment in this property could yield substantial returns given its location and inherent potential. Viewing is recommended for those interested in exploring its possibilities further.

Investment Analysis

(LU2 area)

Above Market Value

This property is priced +14.5% above area average per sq ft

+14.5%
This Property
£424/sq ft
Area Average
£370/sq ft
Avg Rent (weekly)
£298
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£384,112
10% above area average per sq ft
Potential ROI
-8.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LU2)

Area prices are rising by +2.4% over the last 12 months
3 year growth: 8.8%
5 year growth: 21.4%
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
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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
£1,465
Based on a loan of £300,000 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