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Somersby Close Luton, LU1

East of England

£180,000
Listed on 30/03/2026

Property Details

Bedrooms
1
Type
Terraced
Area
409 sqft

Description

This one-bedroom cluster house is nestled in a tranquil cul-de-sac on Somersby Close, making it an attractive option for both first-time buyers and investors. Currently offering a strong potential rental income of approximately £1,000 per month, this property presents a compelling opportunity to enter the buy-to-let market or to take your first steps onto the property ladder. While the house does require some refurbishment, this opens up possibilities for personalization and value enhancement. Key features include allocated parking, gas central heating, and access to communal gardens, all within walking distance to Luton station and local amenities. The accommodation comprises an entrance hall, spacious lounge/diner, fitted kitchen, double bedroom, and bathroom.

Investment Analysis

(LU1 area)

Above Market Value

This property is priced +32.8% above area average per sq ft

+32.8%
This Property
£440/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£8,000 - £15,000
Target Value
£149,052
10% above area average per sq ft
Potential ROI
-23.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LU1)

Area prices are stable by +0.8% over the last 12 months
3 year growth: +7.4%
5 year growth: +5.8%
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

Somersby Close Luton, LU1
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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
£638
Based on a loan of £135,000 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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