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The Magpies, Luton

East of England

£315,000

Listed on 11/07/2026

Property details

Bedrooms
3
Type
End Of Terrace
Area
649 sqft

Description

This three-bedroom freehold house sits at the end of a cul-de-sac, offering a larger than average plot with significant potential for renovation and extension (subject to planning permissions). Located in Bushmead, LU2, this property features convenient parking for two vehicles and an open plan living space that could benefit from modernisation. The layout includes a lounge, dining area, and kitchen on the ground floor, while the first floor comprises three bedrooms alongside a family bathroom. The rear garden is mostly lawned and includes an outbuilding equipped with power and lighting, providing additional valuable space for a workshop or studio. This property is situated in a friendly suburban neighbourhood with local amenities such as shops and schools nearby, making it particularly appealing for families looking to invest and enhance their living space.

Investment analysis

(LU2 area)

Above Market Value

This property is priced +29.8% above area average per sq ft

+29.8%
This Property
£485/sq ft
Area Average
£374/sq ft
Avg Rent (weekly)
£299
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£266,856
10% above area average per sq ft
Potential ROI
-21.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LU2)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -3.1%
5 year growth: +10.4%
Investment Disclaimer: Analysis based on LU2 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

The Magpies, Luton
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,190
Based on a loan of £236,250 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-3.1% since listed
£315,000£10,000(-3.1%)
09/04/2026
Current price
£325,000Initial listing
30/12/2025

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