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Derwent Road, Luton - Image 1
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Derwent Road, Luton

East of England

£280,000
Listed on 27/01/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
667 sqft

Description

This two-bedroom house presents a promising opportunity for transformation and investment, located on a sought-after road in Luton. Ideal for those looking to enter the housing market or seasoned investors aiming to enhance property value, this residence currently requires some modern updates. The ground floor features a welcoming reception room that offers comfort and a spacious kitchen with ample dining space, complete with large windows that create a bright atmosphere overlooking the garden. The layout is well thought out, making it suitable for both personal living and potential rental income. Upstairs, there are two generously-sized double bedrooms complemented by a family bathroom. The design is practical and versatile, appealing to owner-occupiers and tenants alike. Additionally, the property benefits from its strategic location within walking distance of Luton town centre and mainline train stations, ensuring convenient access to local amenities and transport links—ideal for commuters. There’s also potential for driveway creation pending necessary approvals, which could further increase the property's appeal and value. In conclusion, this home offers not just a comfortable living space but also significant scope for improvement. With its size, location, and renovation potential, this property represents an enticing opportunity for prospective buyers or investors.

Investment Analysis

(LU2 area)

Above Market Value

This property is priced +12.9% above area average per sq ft

+12.9%
This Property
£420/sq ft
Area Average
£372/sq ft
Avg Rent (weekly)
£300
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£272,790
10% above area average per sq ft
Potential ROI
-10.6%
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

Derwent 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
£1,010
Based on a loan of £210,000 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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