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Russell Rise, Luton, Bedfordshire, LU1 5ET

East of England

£300,000
Listed on 09/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
996 sqft

Description

This three-bedroom house in South Luton is an unoccupied property that presents a promising opportunity for those looking to renovate or invest. With its solid structure and spacious layout, the home offers a blank canvas ideal for owner-occupiers eager to make their mark or investors interested in capitalizing on the area's rental demand. As you step inside, the generous living space unfolds. The ground floor includes two adaptable reception rooms that can easily be reimagined to fit modern lifestyles—whether as a combined living area and dining space, or even separate areas like a home office or playroom. There is significant potential here to create an open-plan environment, subject to appropriate planning permissions, allowing for a flow of light and accessibility that contemporary buyers appreciate. A distinct advantage of this property is the presence of two bathrooms, which can greatly enhance convenience for families or multiple tenants. This feature is particularly attractive if you're considering transforming the home into a House in Multiple Occupation (HMO) since it alleviates typical morning congestion and adds comfort for occupants. The upper level comprises three well-sized bedrooms, each offering ample room to customize and update according to taste—perfect for creating personal retreats or appealing rental units. Located in South Luton, this property benefits from proximity to essential amenities including shops, schools, and leisure facilities. Its strategic position ensures easy access to major transport routes and Luton train station, making it attractive for commuters heading into London. This connectivity not only serves day-to-day needs but also enhances its rental appeal. For investors considering buy-to-let opportunities, this home’s configuration coupled with its location makes it particularly enticing. With thoughtful renovations, the property could yield attractive returns in a market with robust demand for rental properties. While some updates are required throughout the home, these necessities also present an excellent chance for buyers to boost its value and create a personalized space tailored to their needs. Viewing this chain-free residence is highly encouraged to appreciate its full potential as both a family home and an investment opportunity.

Investment Analysis

(LU1 area)

Below Market Value

This property is priced -8.2% below area average per sq ft

-8.2%
Potential saving
This Property
£301/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£234
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£359,521
10% above area average per sq ft
Potential ROI
+5.7%
After renovation
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

Russell Rise, Luton, Bedfordshire, LU1 5ET
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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
£1,099
Based on a loan of £225,000 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