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May Street, Luton, LU1 3QX

East of England

£200,000

Listed on 11/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
709 sqft

Description

Nestled in the sought-after area of South Luton, this two-bedroom terraced home presents a valuable opportunity for those looking to invest in a property with significant renovation potential. The layout features two well-sized reception rooms, a functional kitchen, a bathroom, and two generous double bedrooms, all of which are complemented by an enclosed rear garden. Although the residence is equipped with gas central heating and is chain-free, it requires some modernization throughout, offering a blank canvas for buyers eager to put their personal touch on their new home. This property is ideal for anyone serious about creating a unique living space that reflects their style.

Investment Analysis

(LU1 area)

Below Market Value

This property is priced -15.7% below area average per sq ft

-15.7%
Potential saving
This Property
£282/sq ft
Area Average
£335/sq ft
Avg Rent (weekly)
£251
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£260,955
10% above area average per sq ft
Potential ROI
+16.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LU1)

Area prices are stable by -1.3% over the last 12 months
3 year growth: +3.6%
5 year growth: +2.8%
Investment Disclaimer: Analysis based on LU1 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

May Street, Luton, LU1 3QX
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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
£756
Based on a loan of £150,000 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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