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Park Street, Luton, LU1

East of England

£425,000
Listed on 22/04/2026

Property Details

Bedrooms
4
Type
Detached
Area
1451 sqft

Description

Situated in the desirable area of Luton, this detached property offers an exceptional opportunity for savvy investors and renovators alike. Comprising three self-contained flats—two one-bedroom units and one two-bedroom—this configuration presents versatile living options or the potential for substantial rental income. The property's layout is well-suited for those looking to enhance their portfolio or create a customized living space tailored to personal preferences. There is off-street parking available for up to three vehicles at the rear, adding to its convenience. The expansive rear garden delivers significant outdoor potential, ideal for recreational use or future development opportunities, pending necessary planning permissions. As a freehold property being offered chain-free, it assures buyers a smoother transaction process and long-term ownership security. Located on Park Street, residents enjoy proximity to essential amenities, schools, and transport links, making it an attractive prospect for both tenants and homeowners. Additionally, there is considerable scope for further redevelopment to increase the property's value over time. This property warrants early viewing as it holds great promise in today's dynamic market.

Investment Analysis

(LU1 area)

Below Market Value

This property is priced -11.6% below area average per sq ft

-11.6%
Potential saving
This Property
£293/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£247
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£528,788
10% above area average per sq ft
Potential ROI
+11.3%
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

Park Street, 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
£1,505
Based on a loan of £318,750 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.

Stamp Duty Calculator

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