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Green Lane, Luton, Bedfordshire, LU2 - Image 1
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Green Lane, Luton, Bedfordshire, LU2

East of England

£400,000
Listed on 04/04/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1141 sqft

Description

This three-bedroom chalet bungalow, set in a desirable area of Green Lane, presents a valuable opportunity for buyers looking to invest and renovate. The property is positioned on a generous plot that not only provides substantial outdoor space but also offers the potential for expansion or redevelopment, subject to the necessary planning approvals. Inside, you'll find an adaptable layout across two floors, featuring a welcoming hallway that leads to a spacious bedroom and a living room with access to the garden. The kitchen connects seamlessly to the dining room and further into a utility area and conservatory. The first floor accommodates two additional bedrooms alongside a family bathroom. With its flexible arrangement, this home invites personal touches and enhancements to meet your needs. The large rear garden is particularly noteworthy, extending well beyond the house's footprint and providing ample opportunity for those looking to create more living space or outdoor structures like offices or workshops, again subject to planning consent. Located conveniently for local amenities and transport links to Luton town centre, this property is suited for families, developers, or investors seeking significant renovation potential in a sought-after location.

Investment Analysis

(LU2 area)

Below Market Value

This property is priced -5.7% below area average per sq ft

-5.7%
Potential saving
This Property
£351/sq ft
Area Average
£372/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £80,000
Target Value
£466,834
10% above area average per sq ft
Potential ROI
-2.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
78
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (LU2)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -1.5%
5 year growth: +17.1%
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

Green Lane, Luton, Bedfordshire, LU2
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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
£1,417
Based on a loan of £300,000 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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