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Parkside Drive, Houghton Regis, Dunstable, Bedfordshire, LU5

East of England

£895,000
Listed on 14/01/2026

Property Details

Bedrooms
N/A
Type
Detached
Area
3692 sqft

Description

This sizable detached commercial property, located centrally in Houghton Regis, presents a valuable opportunity for redevelopment. Spanning approximately 3,699 sq. ft across two levels, the building currently serves as office space but holds potential for various alternative uses, subject to obtaining the necessary planning permissions. Internally, it features six spacious office rooms along with kitchen and staff facilities, ample storage areas, and multiple washrooms, making it adaptable for diverse purposes such as a care facility or community space. Occupying around 0.333 acres (about 14,520 sq. ft), this property not only boasts generous internal accommodations but also offers significant external space ideal for parking and future development. Its strategic location provides convenient access to major transport routes including Junction 11a of the M1 and proximity to London Luton Airport and local hospitals. This is a prime candidate for investors looking to unlock its full potential through thoughtful renovation or repurposing.

Investment Analysis

(LU5 area)

Below Market Value

This property is priced -34.7% below area average per sq ft

-34.7%
Potential saving
This Property
£242/sq ft
Area Average
£371/sq ft
Avg Rent (weekly)
£345
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£1,506,908
10% above area average per sq ft
Potential ROI
+51.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LU5)

Area prices are falling by -7.9% over the last 12 months
3 year growth: -5.7%
5 year growth: +14.9%
Investment Disclaimer: Analysis based on LU5 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

Parkside Drive, Houghton Regis, Dunstable, Bedfordshire, LU5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£3,170
Based on a loan of £671,250 over 30 years at 3.91% 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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