Lyneham Road, Luton, LU2 9JS
East of England
£450,000
Listed on 01/10/2026
Listed on 01/10/2026
The listing
Property details
Bedrooms
2Type
Mixed UseArea
1045 sqftFeatures
- Garden
- Tenanted
Description
A mixed-use freehold investment comprising a ground-floor bakery shop and a two-bedroom flat arranged over the first and second floors. The commercial unit is approximately 363 sq ft, while the residential accommodation is stated at approximately 628 sq ft. The flat is currently let at £1,100 per calendar month, providing an existing residential income stream. Land to the rear is also included.
The property forms part of a parade of 12 commercial units on Lyneham Road, within a residential catchment in Luton. The listing notes London Luton Airport and Luton Parkway railway station at approximately 1.5 miles, the A505 at approximately 1.8 miles and Junction 10 of the M1 at approximately 2.5 miles. The rear land and mixed-use arrangement may offer scope to consider alternative uses or redevelopment, subject to planning and other required consents.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
38out of 100
Grade ELow opportunity
Confidence: MEDIUM
This is a distinctive mixed-use project: a fitted bakery unit, a two-bedroom flat with an established rental income, and hardstanding with a garage to the rear. The flat looks clean and usable, with scope to refresh its dated finishes, while the rear commercial work area has a marked ceiling/wall junction to investigate and make good. The rear space also offers room to improve its presentation; any alternative use or redevelopment would depend on permissions and consents.
The asking price is the main constraint: at £431/sq ft it is above the local £374/sq ft average. The £5,000–£12,000 refurb range is modest, but adding it to the £450,000 asking price still leaves the indicative cost stretched against the local benchmark for this floor area. That comparison is with current local average value, not a forecast of the property's value after works, so the income and mixed-use setup need to justify the premium.
Key opportunities
- Refresh the flat's dated but usable finishes, including carpets and floor coverings.
- Retain or improve the fitted bakery space alongside the flat's established rental income.
- Tidy the rear hardstanding and overgrown edges, making better use of the visible garage and rear space.
Key risks
- At the asking price, even the light refurb budget leaves the indicative purchase-and-works cost high relative to the local benchmark for this floor area.
- Plan on something close to £458,500 before you finish, with refurbishment in the region of £8,500, about 15% ahead of typical local benchmarks for this size; post-works value sits outside our data.
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Transport
Nearest stations
Luton Airport DART Station
0.7 miles
Metro · Luton Airport
Luton Airport Parkway Rail Station
1.1 miles
Train · Luton Airport
Luton Rail Station
1.4 miles
Train · Luton
Leagrave Rail Station
3.5 miles
Train · Leagrave
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,700
Based on a loan of £337,500 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
This calculation uses non-residential (land/commercial) tax rates.
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