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Baker Street, Luton, LU1

East of England

£212,500

Listed on 30/09/2026

The listing

Property details

Bedrooms
2
Type
Terraced
Area
689 sqft

Description

Indigo is pleased to present this traditional two double bedroom terraced house, offering a prime opportunity for buyers looking to invest in a property with significant potential. Located in a highly convenient area, this home is ideal for families, with excellent local schools nearby. The property features a classic layout that is in need of updating, providing a blank canvas for those wishing to infuse their own style and value. The ground floor comprises a welcoming entrance hall leading to two generously sized reception rooms, perfect for both relaxation and entertaining. The kitchen, positioned at the rear, offers scope for reconfiguration or modernization to meet contemporary tastes. Upstairs, both bedrooms are well-proportioned doubles, filled with natural light and providing ample space for furnishings and storage. The bathroom is also located on the ground floor, presenting potential for refurbishment to create a modern family suite. Residents will benefit from close proximity to a comprehensive range of amenities, including shops, public houses, and essential services, all within walking distance. Commuters will appreciate the easy access to the Thames Link station, which provides fast connections to central London and beyond, while Luton International Airport is just two miles away, catering perfectly to frequent travelers. This property is well-suited for first-time buyers, investors, or those looking to create a bespoke home in a sought-after area. With spacious rooms, traditional charm, and an exceptional location, this terrace offers a fantastic foundation for modern living. Early viewing is highly recommended to fully appreciate the potential and lifestyle on offer.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

44out of 100
Grade ELow opportunity

Confidence: MEDIUM

This traditional two-bedroom terraced house presents a solid opportunity for buyers looking to invest in a property with potential. While the asking price of £212,500 is positioned at £308/sqf, which is 6.8% below the local average of £331/sqf, the overall economics reveal some challenges. With an estimated renovation range of £40,000 to £80,000, the combined costs stretch the all-in total to approximately £272,500, which stands against a local average value of £228,059 for similar properties. This means that while the asking price appears attractive, the economics may leave little margin for profit post-renovation.

The property does have its merits, including spacious rooms and a desirable location near local amenities and schools, making it ideal for families or investors. However, it requires significant updating throughout, particularly in the kitchen and bathroom, which are both dated. The living spaces also show signs of wear and would benefit from modernisation. This presents a canvas for buyers to implement their vision and enhance the property's value, but it's essential to consider the renovation scale and budget carefully.

Key opportunities

  • Spacious rooms with a classic layout, allowing for flexible reconfiguration.
  • Desirable location with excellent local amenities and schooling within easy reach.
  • Potential to modernise the dated kitchen and bathroom to increase property value.

Key risks

  • The combined purchase and renovation costs may exceed local benchmarks for this size of property, limiting potential return on investment.
  • Factor in roughly £272,500 once the asking price and an estimated £60,000 of refurbishment are combined — roughly 16% above what comparable floor area achieves locally in current condition, so margin after refurbishment is unproven.

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Map

Location

Baker Street, Luton, LU1
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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
£803
Based on a loan of £159,375 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.

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