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Petersfield Gardens, Luton, Bedfordshire, LU3

East of England

£150,000
Listed on 23/11/2025

Property Details

Bedrooms
1
Type
Detached house
Area
509 sqft

Description

This appealing one-bedroom bungalow presents a unique opportunity for renovation and investment, located in the sought-after Petersfield Gardens area. The property features a spacious layout that could be modernised to reflect contemporary living standards, making it an ideal project for those looking to add value. Its standout feature is the expansive loft space, which holds significant potential for extension (subject to planning permission), allowing you to create a larger home tailored to your needs. The bungalow also boasts a private garden, offering a tranquil retreat for outdoor activities or relaxation in a green setting—a feature that adds notable appeal without the upkeep of a larger property. Situated within the LU3 postcode, this residence benefits from a well-established neighbourhood with convenient access to local schools such as Whitefield Primary Academy and secondary options like Lea Manor High School and Lealands High School—all within easy reach. Transport links are practical with Leagrave railway station approximately 1.2 miles away, enhancing commuting options for residents. Daily amenities such as food stores and healthcare services are comfortably close by, ensuring convenience for everyday living. In summary, this bungalow on Petersfield Gardens offers considerable potential for enhancement through modest renovation efforts, combining single-storey ease with outdoor space and location advantages that are hard to find in today’s market.

Investment Analysis

(LU3 area)

Below Market Value

This property is priced -17.7% below area average per sq ft

-17.7%
Potential saving
This Property
£295/sq ft
Area Average
£358/sq ft
Avg Rent (weekly)
£287
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£200,388
10% above area average per sq ft
Potential ROI
+14.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (LU3)

Area prices are stable by +1.0% over the last 12 months
3 year growth: +0.8%
5 year growth: +17.2%
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

Petersfield Gardens, Luton, Bedfordshire, LU3
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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
£541
Based on a loan of £112,500 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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