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Waller Avenue, Luton, LU4

East of England

£340,000

Listed on 03/07/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
1087 sqft

Description

This three-bedroom semi-detached home presents a promising investment opportunity, situated in a highly desirable area renowned for its excellent school catchment. The property's existing configuration provides a spacious lounge/diner and well-equipped kitchen on the ground floor, while the upper level includes three adequately sized bedrooms along with a family bathroom. A notable added feature is the converted loft room, which could serve various purposes such as a guest suite or home office. Furthermore, the property offers significant potential for expansion to the rear, pending necessary planning permissions, allowing for modernisation and increased value. With two designated parking spaces and excellent transport links via the M1, this residence not only meets everyday needs but also offers substantial opportunities for enhancement. Properties like this, which combine location and development potential, are seldom available for long.

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Investment analysis

(LU4 area)

Below Market Value

This property is priced -12.7% below area average per sq ft

-12.7%
Potential saving
This Property
£313/sq ft
Area Average
£358/sq ft
Avg Rent (weekly)
£302
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£428,479
10% above area average per sq ft
Potential ROI
+12.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LU4)

Area prices are stable by +0.5% over the last 12 months
3 year growth: +0.3%
5 year growth: +20.5%
Investment Disclaimer: Analysis based on LU4 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

Waller Avenue, Luton, LU4
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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
£1,284
Based on a loan of £255,000 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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