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Cannon Lane, Luton, Bedfordshire, LU2 8BJ - Image 1
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Cannon Lane, Luton, Bedfordshire, LU2 8BJ

East of England

£350,000

Listed on 02/07/2026

Property details

Bedrooms
3
Type
Semi Detached

Description

This semi-detached property presents a promising opportunity for first-time buyers looking to invest in a home that offers ample scope for enhancement and potential extension, pending appropriate planning permissions and building regulations. Ideally located in the sought-after Putteridge area, this residence not only benefits from proximity to excellent schools and beautiful countryside but also enjoys convenient access to Stopsley Village shops, making it perfect for commuters with various transportation options including road, rail, and air travel. The house sits on a large plot and features three well-sized bedrooms, a detached garage, and a carport. The layout includes an entrance hall, living room, kitchen, and shower room on the ground floor, while the first floor accommodates the three bedrooms. Outside, you will find a generous driveway complemented by mature gardens at the rear, providing space for outdoor activities or further development.

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Investment analysis

(LU2 area)
Area Average
£374/sq ft
Avg Rent (weekly)
£299
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Cannon Lane, Luton, Bedfordshire, LU2 8BJ
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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
£1,322
Based on a loan of £262,500 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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