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

East of England

£260,000
Listed on 25/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
601 sqft

Description

This two-bedroom terrace property, located within the sought-after Challney school catchment area, presents a compelling opportunity for first-time buyers and investors looking for a renovation project. With considerable living space, the property features an entrance hall that leads to a generously sized bay-fronted lounge and a kitchen/diner equipped with essential storage options and plumbing for appliances. The first floor includes a landing with loft access, a main double bedroom fitted with built-in wardrobes, a second double bedroom, and a three-piece bathroom. External aspects offer potential for off-road parking in both the front hard-standing area and shared gated access to accommodate two or three vehicles at the rear, along with a manageable paved patio area. While modernization is required, the property's layout and location provide a solid foundation for creating value through refurbishment.

Investment Analysis

(LU4 area)

Above Market Value

This property is priced +21.6% above area average per sq ft

+21.6%
This Property
£433/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£320
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£235,186
10% above area average per sq ft
Potential ROI
-17.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Connaught 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
£952
Based on a loan of £195,000 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