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Montrose Avenue, Luton LU3

East of England

£500,000
Listed on 26/03/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
1594 sqft

Description

Located on the sought-after Montrose Avenue in Luton, this four-bedroom semi-detached home presents a spacious layout with significant renovation and investment possibilities. The property features a sizable private driveway that accommodates multiple vehicles and has the potential for extension, subject to planning permissions. This makes it an appealing prospect for long-term family living or as an investment opportunity. Internally, the ground floor consists of a generously sized kitchen/diner, a separate lounge, and an additional reception room that provides versatile space for family activities or entertaining guests. A practical downstairs WC enhances the functionality of this level. On the upper floor, you will find four well-proportioned bedrooms serviced by two bathrooms, catering well to family needs. A standout aspect of this property is the basement, which offers ample storage or the chance for further development into useful living space. The substantial rear garden is ideal for children’s play, outdoor dining, and could also be considered for future enhancement. This home is well-positioned to realize its full potential with thoughtful updates or expansions.

Investment Analysis

(LU3 area)

Below Market Value

This property is priced -11.9% below area average per sq ft

-11.9%
Potential saving
This Property
£314/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£315
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£624,473
10% above area average per sq ft
Potential ROI
+11.5%
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 (LU3)

Area prices are stable by +0.5% over the last 12 months
3 year growth: -0.5%
5 year growth: +16.8%
Investment Disclaimer: Analysis based on LU3 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

Montrose Avenue, Luton LU3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,771
Based on a loan of £375,000 over 30 years at 3.91% 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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