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Ridgway Road, Luton, Bedfordshire, LU2 - Image 1
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Ridgway Road, Luton, Bedfordshire, LU2

East of England

£230,000
Listed on 08/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
680 sqft

Description

This two-bedroom property in a sought-after area of Luton presents an exciting opportunity for both investors and those looking to make their first step onto the property ladder. Located within proximity to essential amenities and transport links, this home offers practical living space that is currently functional but holds considerable potential for enhancement. The layout includes two reception rooms, a straightforward kitchen, cozy bedrooms, and a family bathroom, all of which are ready for modernisation or refurbishment that could significantly increase its market value. The private rear garden further extends the appeal, offering outdoor space that could be transformed into an inviting area with the right vision—subject to obtaining necessary planning permissions. Given the area's strong rental demand and overall appeal to commuters, this property is not only viable for immediate occupation but also stands as a promising buy-to-let investment with ample room for growth. Early viewings are encouraged to appreciate its full potential.

Investment Analysis

(LU2 area)

Below Market Value

This property is priced -9.1% below area average per sq ft

-9.1%
Potential saving
This Property
£338/sq ft
Area Average
£372/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£278,219
10% above area average per sq ft
Potential ROI
+9.1%
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

Ridgway Road, 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
£815
Based on a loan of £172,500 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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