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Priestleys, Luton

East of England

£575,000

Listed on 02/04/2026

Property details

Bedrooms
6
Type
Semi Detached
Area
1475 sqft

Description

This expansive six-bedroom corner property in Farley Hill offers considerable potential for renovation and customization. Notably, the home presents an opportunity for both rear and loft extensions, subject to planning permission, making it ideal for investors or families looking to enhance their living space and increase property value. The first floor comprises five bedrooms alongside a family bathroom, while the exterior features a wrap-around garden and an annex with one additional bedroom, providing versatile options for guests or rental opportunities. Off-street parking is available at both the front and rear of the property. Located conveniently near local services, schools, shops, and transport links, this property invites you to explore its full potential through thoughtful refurbishment.

Investment analysis

(LU1 area)

Above Market Value

This property is priced +17.8% above area average per sq ft

+17.8%
This Property
£390/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£238
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£537,048
10% above area average per sq ft
Potential ROI
-19.2%
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 (LU1)

Area prices are falling by -2.6% over the last 12 months
3 year growth: +2.4%
5 year growth: -0.3%
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

Priestleys, Luton
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,172
Based on a loan of £431,250 over 30 years at 4.45% 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

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