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Montrose Avenue, Luton, LU3

East of England

£400,000

Listed on 03/07/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
936 sqft

Description

This traditional 1930s family home presents a valuable opportunity for renovation and expansion (subject to planning permission). The property features two distinct reception areas, including a bay-fronted living room and a dining space that opens onto an expansive 100 ft garden, making it ideal for those looking to enhance outdoor living. Inside, the kitchen is equipped with basic wall and base units, providing a canvas for modernization. The first floor accommodates three well-sized bedrooms, with the master benefitting from charming bay windows. The family bathroom requires updating, offering further potential to personalize the space. With gas central heating and double-glazed windows already in place, the home is structurally sound while still needing cosmetic improvements. Externally, you'll find ample parking with a driveway and garage, along with the large rear garden that is ripe for landscaping or potential development (STPP). Located within close proximity to local amenities and highly regarded schools, this property is an attractive proposition for families or investors seeking to add value through renovation.

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Investment analysis

(LU3 area)

Above Market Value

This property is priced +18.9% above area average per sq ft

+18.9%
This Property
£427/sq ft
Area Average
£360/sq ft
Avg Rent (weekly)
£310
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£370,193
10% above area average per sq ft
Potential ROI
-16.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LU3)

Area prices are rising by +3.1% over the last 12 months
3 year growth: +1.7%
5 year growth: +20.0%
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

Montrose 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
£1,511
Based on a loan of £300,000 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

Next Steps

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