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Havelock Road, Luton

East of England

£270,000
Listed on 27/01/2026

Property Details

Bedrooms
4
Type
Terraced house
Area
1286 sqft

Description

This freehold property presents a promising investment opportunity, particularly suitable for those looking to enhance their property portfolio. Comprising two spacious two-bedroom flats that are currently rented out, the building offers a consistent monthly rental income of £1,900, which can be maintained while exploring potential upgrades. Both units are well-designed and equipped with modern amenities that cater to tenant needs, ensuring continued demand in a vibrant rental market. Although the interiors are in decent condition, there's scope for renovation to further increase value and appeal, especially considering the rising interest in the Luton area. The private garden at the back adds an attractive feature that could be optimized for both tenants and future buyers. Given the competitive location with excellent transport links, this property also holds long-term development potential (subject to planning permissions). This offering stands out as a fully operational income-generating asset without any onward chain complications.

Investment Analysis

(LU2 area)

Below Market Value

This property is priced -43.5% below area average per sq ft

-43.5%
Potential saving
This Property
£210/sq ft
Area Average
£372/sq ft
Avg Rent (weekly)
£300
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£525,948
10% above area average per sq ft
Potential ROI
+69.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
66
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (LU2)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -0.8%
5 year growth: +16.4%
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

Havelock Road, Luton
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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
£974
Based on a loan of £202,500 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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