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Icknield Way, Luton, Bedfordshire, LU3

East of England

£390,000

Listed on 07/07/2026

Property details

Bedrooms
3
Type
Bungalow
Area
946 sqft

Description

This detached bungalow, located in the desirable Warden Hills area, presents a unique opportunity for savvy investors or those looking to create their ideal home. Boasting three bedrooms, the property features a spacious entrance hall with loft access equipped with power and lighting. The bay-fronted lounge is complemented by an attractive feature fireplace, while the refitted kitchen/diner offers modern conveniences with an integrated hob and oven along with a wall-mounted boiler. A conservatory provides a pleasant space overlooking the well-maintained rear garden, which holds potential for extension, subject to planning permissions. With two generously sized double bedrooms, a well-proportioned third bedroom, and a contemporary family bathroom, this property is ready for personal touches. The driveway offers off-road parking and contributes to the appeal of this residence set in a prime location. Whether you're looking to renovate or expand, this property has significant potential.

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Investment analysis

(LU3 area)

Above Market Value

This property is priced +14.7% above area average per sq ft

+14.7%
This Property
£412/sq ft
Area Average
£360/sq ft
Avg Rent (weekly)
£310
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£374,148
10% above area average per sq ft
Potential ROI
-12.0%
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

Icknield Way, Luton, Bedfordshire, 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
£1,473
Based on a loan of £292,500 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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