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Runfold Avenue, Luton, Bedfordshire LU3 - Image 1
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Runfold Avenue, Luton, Bedfordshire LU3

East of England

£270,000
Listed on 09/04/2026

Property Details

Bedrooms
2
Type
Semi Detached
Area
723 sqft

Description

This semi-detached two-bedroom property is located on Runfold Avenue, renowned for its family-friendly environment within the sought-after Icknield catchment area. With no onward chain, this home presents a valuable opportunity for prospective buyers to customize and modernize according to personal tastes. While requiring refurbishment, the property serves as an excellent blank slate with significant potential for value enhancement. The interior offers spacious living areas along with two generously sized bedrooms, providing a practical layout that can easily accommodate improvements or reconfiguration. Outside, the generous rear garden opens up possibilities for landscaping or family recreation, making it ideal for anyone looking to create their own outdoor space. A side driveway leads to a detached garage, increasing both parking and storage options. Situated in a well-established residential area in northern Luton, this property is conveniently close to various local amenities, including shops and schools such as Icknield Primary School and Icknield High School—all highly regarded by Ofsted. Commuters will find ease of access to Leagrave railway station, which offers direct trains into London St Pancras and other major destinations. Additionally, local bus routes and connections to the M1 motorway enhance accessibility across the region. Overall, this property represents a compelling investment opportunity in an established neighbourhood with considerable scope for renovation and future value increase.

Investment Analysis

(LU3 area)

Above Market Value

This property is priced +4.9% above area average per sq ft

+4.9%
This Property
£373/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£315
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£283,246
10% above area average per sq ft
Potential ROI
-8.6%
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

Runfold Avenue, Luton, Bedfordshire 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
£956
Based on a loan of £202,500 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.

Stamp Duty Calculator

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