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The Magpies, Luton LU2

East of England

£315,000

Listed on 16/05/2026

Property Details

Bedrooms
3
Type
End Terrace
Area
649 sqft

Description

This three-bedroom freehold house, positioned at the end of a cul-de-sac, offers an enviable opportunity for renovation and expansion on a larger-than-average plot. Located in Bushmead, LU2, the property includes off-street parking for two vehicles and features an open plan living area that can be reimagined to suit modern tastes. The garden is primarily laid to lawn and contains an outbuilding equipped with power and lighting, making it suitable for various uses such as a home office or workshop. With potential for extension (subject to planning permission), this home presents an excellent canvas for families seeking to invest in their future.The ground floor comprises an open plan lounge-dining-kitchen space while the first floor hosts three bedrooms alongside a family bathroom, all currently requiring some upgrading. Nearby amenities include local shops, schools, and transportation links including Luton mainline railway station. For those looking to create their ideal living space within a thriving community, this property holds considerable promise.

Investment Analysis

(LU2 area)

Above Market Value

This property is priced +30.4% above area average per sq ft

+30.4%
This Property
£485/sq ft
Area Average
£372/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£265,714
10% above area average per sq ft
Potential ROI
-25.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LU2)

Area prices are stable by -1.8% over the last 12 months
3 year growth: -2.9%
5 year growth: +13.9%
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

The Magpies, Luton LU2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,124
Based on a loan of £236,250 over 30 years at 3.97% 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

Price History

-3.1% since listed
£315,000£10,000(-3.1%)
14/04/2026
Current price
£325,000Initial listing
28/12/2025

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