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Overstone Road, Challney, Luton, Bedfordshire, LU4 8QZ - Image 1
Overstone Road, Challney, Luton, Bedfordshire, LU4 8QZ - Image 2
Overstone Road, Challney, Luton, Bedfordshire, LU4 8QZ - Image 3
Overstone Road, Challney, Luton, Bedfordshire, LU4 8QZ - Image 4
Overstone Road, Challney, Luton, Bedfordshire, LU4 8QZ - Image 5
Overstone Road, Challney, Luton, Bedfordshire, LU4 8QZ - Image 6
Overstone Road, Challney, Luton, Bedfordshire, LU4 8QZ - Image 7
Overstone Road, Challney, Luton, Bedfordshire, LU4 8QZ - Image 8
Overstone Road, Challney, Luton, Bedfordshire, LU4 8QZ - Image 9
Overstone Road, Challney, Luton, Bedfordshire, LU4 8QZ - Image 10
Overstone Road, Challney, Luton, Bedfordshire, LU4 8QZ - Image 11

Overstone Road, Challney, Luton, Bedfordshire, LU4 8QZ

East of England

£330,000
Listed on 25/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
1229 sqft

Description

This two-bedroom extended semi-detached bungalow is situated in a desirable area of Luton, offering an excellent opportunity for those looking to invest in a property that requires comprehensive modernisation. This residence provides a blank canvas for buyers eager to infuse their personal style into the home. The spacious layout includes a welcoming hallway leading to a generous family living room, ideal for both relaxation and entertaining. Each of the two well-sized bedrooms can serve various purposes, including creating comfortable sleeping quarters or transforming into an office or guest room. The extended kitchen and dining area stand as the heart of this home, featuring ample space primed for reimagining into a contemporary cooking and dining experience. While the existing three-piece family bathroom needs updating, it poses great potential for enhancement. The expansive rear garden not only provides a peaceful outdoor retreat but also includes a brick-built outbuilding at the back, perfect for conversion into an office, guest accommodation, or rental space. Furthermore, with off-road parking available via the driveway, convenience is assured. This bungalow’s potential extends beyond its current footprint; there are options to extend further or utilise the loft space to better meet your lifestyle needs. With its prime location near well-regarded schools and excellent transport links, this property represents a significant investment opportunity amidst growing demand in the area. Bring your vision and transform this space into your ideal home.

Investment Analysis

(LU4 area)

Below Market Value

This property is priced -24.5% below area average per sq ft

-24.5%
Potential saving
This Property
£269/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£318
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£480,803
10% above area average per sq ft
Potential ROI
+17.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (LU4)

Area prices are stable by +1.4% over the last 12 months
3 year growth: +2.2%
5 year growth: +23.8%
Investment Disclaimer: Analysis based on LU4 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

Overstone Road, Challney, Luton, Bedfordshire, LU4 8QZ
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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
£1,190
Based on a loan of £247,500 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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