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Chester Avenue, Luton

East of England

£270,000

Listed on 28/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
899 sqft

Description

This mid-terrace property, situated in the desirable Challney catchment area, presents a unique opportunity for buyers looking to invest in a renovation project. The home features three bedrooms and offers a traditional layout with an entrance hall, two reception rooms, and a kitchen on the ground floor. The upper level accommodates three bedrooms along with a family bathroom. While the property is functional, it is in need of modernisation throughout, allowing new owners to tailor the space to their preferences and potentially increase its value. Furthermore, the location provides convenient access to local amenities such as shops and restaurants, as well as excellent transport links including Junction 11 of the M1 motorway and Leagrave ThamesLink train station. With sought-after schools like Beechwood Primary and Challney High within the catchment area, this property not only serves as a family home but also stands out as an appealing investment opportunity.

Investment Analysis

(LU4 area)

Below Market Value

This property is priced -15.5% below area average per sq ft

-15.5%
Potential saving
This Property
£300/sq ft
Area Average
£355/sq ft
Avg Rent (weekly)
£304
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£351,406
10% above area average per sq ft
Potential ROI
+19.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LU4)

Area prices are stable by -1.4% over the last 12 months
3 year growth: -0.1%
5 year growth: +19.2%
Investment Disclaimer: Analysis based on LU4 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

Chester Avenue, 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
£1,020
Based on a loan of £202,500 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.

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