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Summerfield Road, Luton, LU1

East of England

£290,000

Listed on 01/07/2026

Property details

Bedrooms
3
Type
Terraced
Area
818 sqft

Description

This property presents a significant opportunity for homeowners or investors looking to capitalize on its extension potential (subject to planning permission). With two distinct reception areas and a driveway, it offers a solid foundation for further development. The layout includes an entrance hall leading to a bay-fronted living room and a dining room that features sliding patio doors opening to a manageable rear garden, complemented by a functional kitchen equipped with wall and base units, an inset sink unit, and ample appliance space. On the first floor, you will find two generously-sized double bedrooms alongside a family bathroom complete with bath and shower facilities. The property benefits from double glazing throughout and gas central heating, optimizing energy efficiency. Located in the desirable Dallow Road area of Luton, this home is conveniently positioned just half a mile from the M1 motorway, while local schools, leisure amenities, and shopping options are nearby. The proximity to Brantwood Park enhances its appeal with access to expansive recreational spaces. This chain-free asset offers remarkable potential for personal touches or rental conversion.

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Investment analysis

(LU1 area)

Above Market Value

This property is priced +7.1% above area average per sq ft

+7.1%
This Property
£355/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£238
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£297,834
10% above area average per sq ft
Potential ROI
-6.9%
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 falling by -2.6% over the last 12 months
3 year growth: +2.4%
5 year growth: -0.3%
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

Summerfield Road, Luton, LU1
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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
£1,096
Based on a loan of £217,500 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

Next Steps

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