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Elmwood Crescent, Luton, LU2

East of England

£650,000

Listed on 16/06/2026

Property details

Bedrooms
3
Type
Detached
Area
1313 sqft

Description

This classic detached family residence, built in the 1930s, offers significant potential for renovation and expansion (subject to planning permission). The property features two spacious reception rooms, each adaptable to personal tastes and modern layouts. The rear garden is generously sized, perfect for outdoor projects or extensions. Inside, the entrance porch leads to a broad hallway with a cloakroom that includes a wash hand basin and WC. The lounge boasts a charming bay window and feature fireplace, while the dining room provides access through French doors to the garden—ideal for entertaining. The kitchen, equipped with ample wall and base units alongside a large Velux window that floods the space with light, allows for functionality with room for appliances. Upstairs, you’ll find a landing leading to three good-sized bedrooms; the master bedroom enjoys a bay window as well. The family bathroom is spacious and includes a corner bath with overhead shower. Additionally, an exceptionally large loft space presents an exciting opportunity for further development. Parking is facilitated by a detached garage and driveway complemented by a front garden. Unique features include brick-built storage in the garden and an air raid shelter—a nod to its history. Comfort is ensured with double-glazed windows and a newly installed combination boiler. Located in Elmwood Crescent, this property is favored by families due to its proximity to reputable schools like Bushmead Primary and Stopsley Secondary. Local amenities such as shops and bus routes are within walking distance, with easy access to Junction 10 of the M1 motorway and Luton Thames Link train station.

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Investment analysis

(LU2 area)

Above Market Value

This property is priced +32.4% above area average per sq ft

+32.4%
This Property
£495/sq ft
Area Average
£374/sq ft
Avg Rent (weekly)
£299
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£539,879
10% above area average per sq ft
Potential ROI
-21.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LU2)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -3.1%
5 year growth: +10.4%
Investment Disclaimer: Analysis based on LU2 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

Elmwood Crescent, Luton, LU2
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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
£2,456
Based on a loan of £487,500 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

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