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Lorimer Close, Luton

East of England

£500,000

Listed on 01/07/2026

Property details

Bedrooms
4
Type
Detached
Area
1388 sqft

Description

This substantial four-bedroom detached home, located at the end of a quiet cul-de-sac in Bushmead, offers a variety of opportunities for renovation and investment. With features such as an en-suite bathroom in the master suite, a cloakroom, and an integral garage, this property has solid foundations but may benefit from modernization and personal touches. The spacious layout includes a welcoming porch, a lounge that transitions into a dining room, and a conservatory that could be revitalized to enhance living space. The kitchen/breakfast area is functional but presents scope for upgrades. Upstairs, four generously sized double bedrooms await your creative flair. Externally, the property boasts off-road parking for three vehicles and a rear garden that is currently paved with gravel but holds potential for landscaping or expansion (subject to planning permissions). This home is chain-free and waiting for new owners to realize its full potential.

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Investment analysis

(LU2 area)

Below Market Value

This property is priced -3.6% below area average per sq ft

-3.6%
Potential saving
This Property
£360/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
£570,718
10% above area average per sq ft
Potential ROI
+5.7%
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

Lorimer Close, Luton
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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
£1,889
Based on a loan of £375,000 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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