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Wellgate Road, Luton, Bedfordshire, LU4 - Image 1
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Wellgate Road, Luton, Bedfordshire, LU4 - Image 3
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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 substantial four-bedroom detached house is located on a prominent corner plot, offering a unique opportunity for renovation and extension to create a personalized family home. The property's generous size and favorable layout make it an ideal candidate for transformation. While the house requires modernization, it boasts a significant garden space and the added benefit of a double garage, alongside ample off-street parking—perfect for families needing extra room. Inside, the ground floor features a bright reception room with flexible use possibilities, leading to a sizable kitchen area that could be reconfigured or extended (subject to planning permission) for contemporary living. The first floor houses four well-proportioned bedrooms along with a family bathroom, all providing the potential for further expansion. Set within the desirable area of Challney in Luton, residents will enjoy both tranquility and easy access to local amenities. There's an array of highly regarded primary and secondary schools nearby, making this property particularly attractive for families. Health services are also conveniently close, enhancing its appeal. For commuters, proximity to the M1 motorway facilitates swift journeys to London and the Midlands. Public transport options are abundant with bus routes and Luton train station just around the corner. This property not only presents an opportunity to refurbish but also to extend in line with individual preferences—making it a rare find in such a sought-after location. Ideal for buyers ready to invest time into creating their dream home.

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)
£318
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £75,000
Target Value
£591,908
10% above area average per sq ft
Potential ROI
+12.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (LU4)

Area prices are stable by +1.4% over the last 12 months
3 year growth: +2.2%
5 year growth: +23.8%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 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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