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Lorimer Close, Luton LU2

East of England

£500,000

Listed on 01/07/2026

Property details

Bedrooms
4
Type
Detached
Area
1388 sqft

Description

This spacious four-bedroom detached home is nestled at the end of a quiet cul-de-sac in the Bushmead area, offering significant renovation and investment potential. While it features an en-suite master bedroom, integral garage, and a conservatory, there is room for expansion with planning permission (subject to approval). Internally, the layout includes a welcoming porch leading to a cloakroom, a lounge that connects to the dining room, and a kitchen/breakfast area. The first floor boasts four generous double bedrooms and a family bathroom. The property also has off-road parking for three vehicles and a gated rear garden that offers further opportunities for landscaping or enhancement. With local amenities like schools and transport links just a short drive away, this property is chain-free and ready for its new owner to make their mark.

Investment analysis

(LU2 area)

Below Market Value

This property is priced -3.6% below area average per sq ft

-3.6%
Potential saving
This Property
£360/sq ft
Area Average
£374/sq ft
Avg Rent (weekly)
£299
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£570,718
10% above area average per sq ft
Potential ROI
+5.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LU2)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -3.1%
5 year growth: +10.4%
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

Lorimer Close, Luton LU2
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,889
Based on a loan of £375,000 over 30 years at 4.45% 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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