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Homestead Way, Luton, Bedfordshire, LU1 5PD

East of England

£385,000

Listed on 23/03/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This three-bedroom semi-detached family home offers a promising investment opportunity in the desirable Farley Hill area of Luton. The property is chain-free, allowing for a straightforward purchase process. Inside, the spacious entrance leads to two generous reception rooms that can comfortably accommodate relaxation and entertainment. The kitchen is functional and well-kept but also presents a chance for buyers to modernize and make it their own. The upstairs features three ample bedrooms and a well-appointed family bathroom, all in tidy condition but open to updates based on individual preferences. Significantly, this property possesses remarkable potential for expansion, subject to obtaining necessary planning permissions (STPP). This could pave the way for enhancing living spaces with an open-plan layout or adding additional bedrooms, increasing property value significantly. Externally, there’s convenient off-road parking and a large rear garden suitable for children’s play or gardening enthusiasts. This outdoor space is ideal for summer gatherings or simply enjoying the peaceful surroundings. The location further enhances its appeal as it sits within an excellent school catchment area, making it particularly attractive to families. Proximity to Stockwood Park provides opportunities for outdoor activities, while local shops and transport links ensure everyday conveniences are easily accessible. With abundant renovation potential and situated in a vibrant community, this property invites early viewing to fully explore its possibilities.

Investment Analysis

(LU1 area)
Area Average
£334/sq ft
Avg Rent (weekly)
£246
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LU1)

Area prices are stable by -1.5% over the last 12 months
3 year growth: +3.1%
5 year growth: +2.3%
Investment Disclaimer: Analysis based on LU1 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

Homestead Way, Luton, Bedfordshire, LU1 5PD
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,374
Based on a loan of £288,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

+2.7% since listed
£385,000+£10,000(+2.7%)
06/05/2026
Current price
£375,000Initial listing
25/03/2026

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