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Pennine Avenue, Luton, LU3

East of England

£350,000

Listed on 09/06/2026

Property Details

Bedrooms
3
Type
Semi Detached Bungalow
Area
1321 sqft

Description

This appealing three-bedroom semi-detached bungalow is located in a desirable residential neighbourhood, providing a solid foundation for those looking to invest in property with renovation and extension potential. The layout includes a spacious open-plan lounge and dining area that can be adapted further, making it ideal for family gatherings or entertaining guests. The modern kitchen at the back of the house boasts generous storage and workspace, while also offering views of the sizeable rear garden. With three well-proportioned bedrooms complemented by a contemporary shower room, the property is currently presented in good condition but offers exciting opportunities for updates or expansions. The detached garage and private driveway facilitate off-road parking, adding convenience to its appeal. The extensive garden space presents a significant opportunity for prospective buyers interested in extending the property—subject to planning approval—which could increase both living space and value. Located near local amenities, reputable schools, and excellent transport links, this property combines comfortable living with promising future investment prospects.

Investment Analysis

(LU3 area)

Below Market Value

This property is priced -26.6% below area average per sq ft

-26.6%
Potential saving
This Property
£265/sq ft
Area Average
£361/sq ft
Avg Rent (weekly)
£330
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£524,278
10% above area average per sq ft
Potential ROI
+34.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LU3)

Area prices are rising by +3.9% over the last 12 months
3 year growth: +1.4%
5 year growth: +20.3%
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

Pennine Avenue, Luton, LU3
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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
£1,322
Based on a loan of £262,500 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.

Stamp Duty Calculator

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