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Connaught Road, Luton

East of England

£230,000
Listed on 30/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom terraced home presents a promising investment opportunity for those seeking a renovation project. Located on Connaught Road, this chain-free property offers valuable potential for enhancement and modernization. The ground floor features an entrance hallway that leads to a front reception room suitable for a lounge, along with a generous kitchen/diner at the rear. This layout provides ample scope for reconfiguration, enabling future owners to craft an open-plan living area that meets contemporary lifestyle demands. Upstairs, you will find two spacious double bedrooms and a functional family bathroom, making this layout ideal for both personal living and rental purposes. Externally, the property is complemented by a private rear garden and a sizable outbuilding. This additional space could be transformed into a home office, gym, art studio, or playroom with the necessary approvals, further increasing the property's utility and appeal. In need of complete refurbishment throughout, this residence represents a blank slate where buyers can implement their design vision. Upon completion of updates, it stands to become either an attractive family home or a solid investment asset. Situated near local amenities, reputable schools, convenient transport links, and Luton town centre, this property is well-positioned for both immediate convenience and long-term growth potential.

Investment Analysis

(LU4 area)
Area Average
£354/sq ft
Avg Rent (weekly)
£318
Avg Yield
5.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LU4)

Area prices are stable by -0.8% over the last 12 months
3 year growth: +0.6%
5 year growth: +21.2%
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

Connaught Road, Luton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£821
Based on a loan of £172,500 over 30 years at 3.97% 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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