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Felstead Way, Luton, Bedfordshire, LU2 7LH - Image 1
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Felstead Way, Luton, Bedfordshire, LU2 7LH - Image 3
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Felstead Way, Luton, Bedfordshire, LU2 7LH - Image 5
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Felstead Way, Luton, Bedfordshire, LU2 7LH - Image 8
Felstead Way, Luton, Bedfordshire, LU2 7LH - Image 9

Felstead Way, Luton, Bedfordshire, LU2 7LH

East of England

£325,000
Listed on 30/04/2026

Property Details

Bedrooms
3
Type
Semi Detached Bungalow
Area
594 sqft

Description

This three-bedroom detached bungalow presents a remarkable opportunity for renovation and investment in the sought-after Round Green area of Luton. Available without any chain, this property serves as a blank slate for potential buyers eager to craft their ideal living space. The home currently features three spacious bedrooms, perfect for families or individuals who may desire a home office setup. The sizeable reception room offers a welcoming atmosphere, complemented by a functional bathroom that supports daily needs. This bungalow's true highlight is its renovation potential. Though it requires some modernization, this provides buyers with the chance to personalize the interior according to their tastes and preferences. Additionally, there's considerable scope for expansion, subject to securing necessary planning permissions, making it an attractive option for those looking to enhance the property's overall value and functionality. Externally, the bungalow includes a side driveway for off-road parking convenience. The neighbourhood's reputation is bolstered by its community feel and access to excellent amenities. Families will benefit from being within a good school catchment area, ensuring children have access to reputable educational options. Located in Felstead Way, residents enjoy a tranquil residential environment while being just moments away from Luton's vibrant town centre, offering diverse shopping and dining experiences. Commuters will appreciate the easy connectivity via major roadways, including the M1 motorway and Luton Airport Parkway station, which allows for direct travel to London St Pancras International. In summary, this property not only boasts generous room sizes but also immense potential for those looking to invest in a home that can be tailored over time. Given its advantageous location and chain-free status, viewing is highly recommended to fully grasp all the possibilities this bungalow has to offer.

Investment Analysis

(LU2 area)

Above Market Value

This property is priced +47.0% above area average per sq ft

+47.0%
This Property
£547/sq ft
Area Average
£372/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£243,195
10% above area average per sq ft
Potential ROI
-33.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LU2)

Area prices are stable by -1.8% over the last 12 months
3 year growth: -2.9%
5 year growth: +13.9%
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

Felstead Way, Luton, Bedfordshire, LU2 7LH
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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
£1,159
Based on a loan of £243,750 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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