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Richmond Hill, Luton, Bedfordshire, LU2 7JG

East of England

£300,000
Listed on 05/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom semi-detached house presents a unique opportunity for those looking to invest in a property with significant renovation potential, located in the desirable Richmond Hill area of Luton. The home is available chain-free and serves as an excellent blank canvas for buyers eager to modernize and personalize their living space. Upon arrival, the spacious layout immediately reveals its versatility. The ground floor features two substantial reception areas, ideal for reconfiguration to accommodate various family activities — whether creating an inviting dining room, a comfortable lounge, or a playful space for children. This existing structure provides a strong foundation for contemporary redesigns that reflect individual tastes. The upper level houses three well-sized bedrooms, which offer ample space for a growing family. A family bathroom supports this layout, currently functional but ripe for modernization, thus presenting another aspect of transformation. Envision reimagining these areas to match today’s living standards. A notable highlight of this property is the expansive rear garden that not only offers a private retreat for outdoor enjoyment but also holds potential for extensions that could enhance living quarters while maintaining outdoor space — perfect for gatherings or quiet afternoons. Additional conveniences include off-road parking, a valued feature within this community-oriented locality known for its proximity to local amenities, schools, and excellent transport links. Access to Luton’s vibrant town centre and major roadways further enhances appeal. Overall, this property stands as more than just a house; it's an opportunity to create a bespoke family home tailored to personal vision and needs.

Investment Analysis

(LU2 area)
Area Average
£372/sq ft
Avg Rent (weekly)
£295
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
70
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (LU2)

Area prices are stable by +0.5% over the last 12 months
3 year growth: 0.0%
5 year growth: +18.0%
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

Richmond Hill, Luton, Bedfordshire, LU2 7JG
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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
£1,082
Based on a loan of £225,000 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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