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Icknield Way, Luton, Bedfordshire, LU3 2BX - Image 1
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Icknield Way, Luton, Bedfordshire, LU3 2BX

East of England

£525,000
Listed on 27/03/2026

Property Details

Bedrooms
4
Type
Bungalow
Area
1841 sqft

Description

This four-bedroom detached bungalow, set on a sizeable plot of approximately 645 sq m in Warden Hills, Luton, presents an intriguing investment opportunity. With a well-structured layout spanning roughly 1,840 sq ft, the property features a spacious open-plan kitchen, dining, and living area that was thoughtfully extended by previous owners. The modern kitchen includes ample storage and integrated appliances, providing a strong foundation for any culinary enthusiast. The bright living space is enhanced by dual aspect windows and a roof lantern that floods the area with natural light. The outdoor space is equally appealing, featuring a landscaped garden designed for minimal upkeep and equipped with both patio areas and artificial lawn—ideal for gatherings or relaxation. Notably, there is potential for further extensions to the sides of the bungalow, subject to planning permissions. Internally, there are three generously-sized double bedrooms on the ground floor along with a stylish shower room. The first floor offers an impressive principal suite complete with a dual-aspect bedroom and luxurious bathroom facilities including a jacuzzi bath. Ample parking is available with a large driveway accommodating up to six vehicles in addition to a double garage. Although lovingly maintained over two decades by its current owners, this property offers significant scope for renovation or reconfiguration to maximize its appeal and value in this sought-after area.

Investment Analysis

(LU3 area)

Below Market Value

This property is priced -19.9% below area average per sq ft

-19.9%
Potential saving
This Property
£285/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£315
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£721,239
10% above area average per sq ft
Potential ROI
+25.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LU3)

Area prices are stable by +0.5% over the last 12 months
3 year growth: -0.5%
5 year growth: +16.8%
Investment Disclaimer: Analysis based on LU3 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

Icknield Way, Luton, Bedfordshire, LU3 2BX
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,859
Based on a loan of £393,750 over 30 years at 3.91% 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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