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Ross Close, Luton, LU1

East of England

£110,000

Listed on 05/06/2026

Property details

Bedrooms
1
Type
Flat
Area
538 sqft

Description

This one-bedroom flat, located on the second floor of a desirable area in Luton, is a blank canvas awaiting transformation. Requiring complete renovation, it offers an exceptional opportunity for buyers keen to make their mark on a property. The layout comprises a generously sized double bedroom, a spacious living/dining room with a Juliet balcony, a kitchen, and a bathroom. With ample natural light flooding the well-proportioned spaces, the potential for reconfiguration and modern updates is significant. Situated within easy reach of local amenities and schools, as well as convenient access to Junction 10 of the M1 motorway for commuters, this property presents an ideal investment or first-time buyer opportunity. With approximately 90 years remaining on the lease and manageable service charges, there is ample scope for enhancing value through renovation.

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Investment analysis

(LU1 area)

Below Market Value

This property is priced -38.2% below area average per sq ft

-38.2%
Potential saving
This Property
£204/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£238
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£195,886
10% above area average per sq ft
Potential ROI
+35.1%
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

Ross Close, 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
£416
Based on a loan of £82,500 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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