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Homerton Road, Luton, Bedfordshire, LU3 2UL - Image 1
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Homerton Road, Luton, Bedfordshire, LU3 2UL

East of England

£360,000
Listed on 06/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1257 sqft

Description

Situated in the desirable Limbury Mead region of Luton, this three-bedroom residence offers an outstanding opportunity for buyers looking for a property with significant renovation and investment potential. This corner plot home not only provides a spacious layout but also the possibility for expansion, pending planning permissions (STPP). Inside, the property is ripe for modernisation, featuring a solid structure and a versatile layout that can be transformed to meet contemporary needs. It includes a valuable side extension with an additional room and a downstairs bathroom, catering perfectly to family or home office requirements. The main living area features three generously sized bedrooms that promise comfort and space for families. The current reception room, while functional, presents an opportunity to create an open-plan living environment that aligns with modern lifestyles. Given the generous exterior space, there is ample room for further extensions to enhance living areas or add more bedrooms as desired. Outdoors, the property includes off-road parking through a practical driveway and a double garage at the rear, providing secure storage or potential conversion into an annexe or workshop with appropriate permissions. The surrounding garden offers endless possibilities, allowing new owners to craft their ideal outdoor retreat. Limbury Mead is well-known for its reputable schools and community vibe, making it especially appealing to families. With convenient access to local amenities and transport links facilitating connections to Luton town centre and London, this location adds substantial value. This house represents a rare chance to invest in a sizeable property within this sought-after area. While it does require modernisation efforts, the scope for personalization and the potential increase in property value are considerable. Viewing is recommended to fully appreciate what this promising corner plot has to offer.

Investment Analysis

(LU3 area)

Below Market Value

This property is priced -19.7% below area average per sq ft

-19.7%
Potential saving
This Property
£286/sq ft
Area Average
£357/sq ft
Avg Rent (weekly)
£296
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£493,002
10% above area average per sq ft
Potential ROI
+20.2%
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
20%
Properties sold annually

Local Market Trend (LU3)

Area prices are stable by +1.4% over the last 12 months
3 year growth: 1.8%
5 year growth: 17.1%
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

Homerton Road, Luton, Bedfordshire, LU3 2UL
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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
£1,319
Based on a loan of £270,000 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