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May Street, Luton, LU1

East of England

£200,000

Listed on 11/06/2026

Property details

Bedrooms
2
Type
Terraced
Area
657 sqft

Description

Nestled in the desirable area of South Luton, this well-sized two-bedroom terraced property presents an exciting opportunity for those looking to personalize a home. Offering ample living space with two reception rooms, a kitchen, and a bathroom, plus two generously proportioned double bedrooms, this residence also features a private rear garden. While the property benefits from gas central heating and comes chain-free, it calls for modernisation throughout which offers potential homeowners a chance to transform it into a tailored living space that reflects their style.

Investment analysis

(LU1 area)

Below Market Value

This property is priced -8.0% below area average per sq ft

-8.0%
Potential saving
This Property
£304/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£238
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£239,214
10% above area average per sq ft
Potential ROI
+6.3%
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

May Street, 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
£756
Based on a loan of £150,000 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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