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Ridgway Road, Luton, Bedfordshire LU2

East of England

£230,000

Listed on 12/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
680 sqft

Description

Set in a sought-after area of Luton, this property presents an attractive opportunity for investors or first-time buyers eager to make their mark. The home features two reception rooms, a practical kitchen, and comfortable sleeping quarters, all of which could benefit from modern enhancements to boost both functionality and appeal. The well-proportioned layout supports day-to-day living while offering ample potential for reconfiguration or updates that can increase its market value. Additionally, the private garden provides useful outdoor space with possibilities for expansion or development, subject to planning permissions. Conveniently located close to the train station and local amenities, this property is poised for strong rental demand and represents a solid investment prospect. With its current condition allowing for immediate occupancy or rental, there’s also significant scope to transform this residence into an even more desirable asset.

Investment Analysis

(LU2 area)

Below Market Value

This property is priced -9.1% below area average per sq ft

-9.1%
Potential saving
This Property
£338/sq ft
Area Average
£372/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£278,406
10% above area average per sq ft
Potential ROI
+9.2%
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

Ridgway Road, Luton, Bedfordshire 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
£821
Based on a loan of £172,500 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

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