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Wellgate Road, Luton, Bedfordshire, LU4 - Image 1
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Wellgate Road, Luton, Bedfordshire, LU4

East of England

£450,000
Listed on 25/11/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1513 sqft

Description

This detached four-bedroom house, set on an expansive corner plot in a desirable section of Challney, Luton, offers a remarkable opportunity for renovation and expansion. Although it requires modernisation, the spacious layout and large garden provide a blank canvas for those looking to design their ideal family home. The property includes a double garage and ample off-street parking, making it well-suited for families or individuals needing extra space.<br><br>The ground floor features a bright reception area that can be adapted to various living arrangements. At the back of the house is a generous kitchen area, which could be reconfigured or extended (subject to planning permission) to create an impressive open-plan living environment. On the upper level, there are four sizable bedrooms and a family bathroom, all offering opportunities for upgrades and personalisation.<br><br>The property’s considerable outdoor space includes front and rear gardens that provide privacy and potential for landscaping or further development. The depth of the plot is particularly advantageous for those considering future expansions, making this an appealing option for adding value through renovations.<br><br>Situated conveniently near the M1 motorway, this home allows easy access to both London and other key regions in the Midlands. Additionally, local amenities including schools such as Downside Primary School and Challney High School are within walking distance, enhancing its appeal for families. With healthcare services like The Oakley Surgery nearby, along with excellent public transport links including Luton train station just a stone's throw away, convenience is another advantage of this location.<br><br>This property stands out as a rare find in the current market, ideal for buyers seeking a substantial project that allows them to infuse their personal style while benefitting from improvements in a highly sought-after area.

Investment Analysis

(LU4 area)

Below Market Value

This property is priced -16.4% below area average per sq ft

-16.4%
Potential saving
This Property
£297/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£320
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£65,000 - £90,000
Target Value
£592,075
10% above area average per sq ft
Potential ROI
+9.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (LU4)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 4.0%
5 year growth: 27.6%
Investment Disclaimer: Analysis based on LU4 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

Wellgate Road, Luton, Bedfordshire, LU4
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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
£1,648
Based on a loan of £337,500 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