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Old Bedford Road, Luton LU2 - Image 1
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Old Bedford Road, Luton LU2

East of England

£895,000
Listed on 19/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1385 sqft

Description

Situated on the desirable Old Bedford Road, this four-bedroom detached home presents a unique opportunity for both comfortable living and investment enhancement. The property offers significant renovation potential, highlighted by already granted planning permission (Planning App No. 22/01586/fulhh) for a substantial double-storey extension that can transform the existing layout. The entrance is secured with automated gates and features a well-maintained front garden along with ample driveway space to accommodate multiple vehicles. Inside, you're welcomed by an expansive hallway leading to a bright dual-aspect living room, characterized by its traditional fireplace. A separate reception area and a modern kitchen create an inviting space for daily living, while a newly added extension introduces a spacious breakfast nook, utility room, and a versatile fourth bedroom. This additional room is ideal for guests or as an adaptable space for multi-generational needs. On the upper level, you will find two generously sized bedrooms equipped with built-in storage and a stylish family bathroom. The master bedroom benefits from plenty of natural light, adding to the home's overall appeal. The rear garden is another significant feature—spacious and fully enclosed, it enjoys sunlight throughout the day, providing an idyllic setting for outdoor activities or further landscaping initiatives. With planning permission in place for considerable expansion work, the potential to enhance this property further is substantial. Location-wise, this residence is conveniently close to reputable educational institutions such as Barnfield College and Luton Sixth Form College. Additionally, accessibility to the town center, train station, M1 motorway, and A6 ensures that commuting and daily errands are hassle-free. This property stands among other executive homes in one of Luton's most prestigious neighborhoods, making it not only an excellent family residence but also a promising investment for those looking to capitalize on its development possibilities. An open house event will take place on October 25th; interested buyers are encouraged to arrange private viewing times with Nova Estate Agents.

Investment Analysis

(LU2 area)

Above Market Value

This property is priced +74.5% above area average per sq ft

+74.5%
This Property
£646/sq ft
Area Average
£370/sq ft
Avg Rent (weekly)
£298
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£564,152
10% above area average per sq ft
Potential ROI
-42.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LU2)

Area prices are rising by +2.4% over the last 12 months
3 year growth: 8.8%
5 year growth: 21.4%
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

Old Bedford Road, Luton LU2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,279
Based on a loan of £671,250 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE