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Austin Road, Luton, Bedfordshire, LU3 1UB

East of England

£335,000

Listed on 21/05/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
735 sqft

Description

This chain-free semi-detached bungalow offers an exciting opportunity for those looking to invest in a property with renovation potential. Located in the sought-after New Bedford Road area of Luton, this three-bedroom home is ideal for both families and individuals seeking to downsize. Originally built in the mid-1950s, the property features spacious living areas and has been well-maintained throughout, although it presents numerous possibilities for enhancement and extension, subject to planning permissions. The layout includes a welcoming entrance hall leading to a generous living room with patio doors opening onto the rear garden, a fitted kitchen with direct access to outdoor space, and three good-sized bedrooms including one with a charming bay window. The modern shower room adds convenience while the external space boasts significant kerb appeal, ample off-road parking, and a sizeable rear garden perfect for outdoor gatherings. With nearby transport links and reputable schools enhancing its appeal, this bungalow represents a sound investment in an attractive neighborhood.

Investment Analysis

(LU3 area)

Above Market Value

This property is priced +27.9% above area average per sq ft

+27.9%
This Property
£456/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£328
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£288,190
10% above area average per sq ft
Potential ROI
-23.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LU3)

Area prices are stable by +1.6% over the last 12 months
3 year growth: +0.1%
5 year growth: +18.4%
Investment Disclaimer: Analysis based on LU3 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

Austin Road, Luton, Bedfordshire, LU3 1UB
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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
£1,195
Based on a loan of £251,250 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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