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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 area of Luton, this three-bedroom property offers a remarkable opportunity for buyers looking to create their ideal home through renovation. Set on a spacious corner plot, the house stands out with its potential for expansion, pending appropriate planning permissions. Entering the property, you will notice it requires modernisation throughout; however, it features solid foundations and a well-thought-out layout that is prime for updates. The existing side extension provides an extra room and a downstairs bathroom, enhancing its utility from the outset and offering flexibility for various needs such as a home office or guest space. The main living areas consist of three generously sized bedrooms which are suitable for family living. The reception room serves as a comfortable gathering place but could be reimagined into an open-plan design that fits contemporary lifestyle demands. Given the generous dimensions of the corner plot, there is significant potential to extend further — whether adding additional bedrooms or constructing a stylish kitchen/diner that meets modern requirements. Outside, the driveway ensures off-road parking convenience, complemented by a double garage at the rear which holds possibilities for conversion into an annexe or workshop (subject to planning approval). The surrounding garden offers ample opportunity for landscaping and personalisation, creating an outdoor space that caters to your preferences. The property's location adds to its appeal; Limbury Mead is known for excellent school catchments, making it well-suited for families. With a welcoming community vibe and easy access to local amenities like shops and parks—and accessible transport links connecting you to Luton town centre and London—this home combines practicality with potential. This property presents a unique chance to acquire a sizeable family residence in a sought-after location while allowing you to fully realise its potential through renovation and expansion. While modernisation efforts are required, they promise significant benefits both in lifestyle enhancement and increased property value.

Investment Analysis

(LU3 area)

Below Market Value

This property is priced -20.0% below area average per sq ft

-20.0%
Potential saving
This Property
£286/sq ft
Area Average
£358/sq ft
Avg Rent (weekly)
£287
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £70,000
Target Value
£494,868
10% above area average per sq ft
Potential ROI
+15.1%
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
24%
Properties sold annually

Local Market Trend (LU3)

Area prices are stable by +1.0% over the last 12 months
3 year growth: +0.8%
5 year growth: +17.2%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,298
Based on a loan of £270,000 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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