New Bedford Road, Luton, Bedfordshire, LU3
GI

New Bedford Road, Luton, Bedfordshire, LU3

By Giggs & Bell

£ 450,000

Reviews

2 out of 5 stars

Giggs & Bell says ..

A prime residential investment property in a sought after location close to renowned schooling open parkland and Luton’s mainline train station.

Property Oracle says ..

This property is a semi-detached house located on New Bedford Road in Luton, Bedfordshire. It boasts six bedrooms and three bathrooms, suggesting potential for a family home or a multi-unit rental property. The exterior of the property shows that it is a 2-story building showing some age, but the exterior photo shows it appears to have been recently painted. The interior photos reveal a property that appears in need of some maintenance and renovation, however this needs to be taken with a pinch of salt as the photos appear to show the property being packed and full of owner’s belongings. The kitchen is noticeably dated, and some wall damage is evident. The garden is small and requires attention but does offer some outside space. The location is reasonably convenient, with nearby schools and Luton railway station. However, more specific information about the immediate neighborhood and local amenities would be beneficial in providing a complete assessment. The lack of plot size information limits a precise calculation of price per square foot, making a thorough price comparison with other properties challenging. The current list price of £450,000, while seemingly high considering the need for renovations, might reflect the demand for larger houses in this area and the potential for rental income if converted into multiple units. Overall, potential buyers must weigh the renovation costs against the property’s location and its potential rental income.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
5
Location
7
Land
3
Bedrooms
6
Bathrooms
3
Sqft (est)
1,500.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
186,429.00 £
Decreased by 29.14 %
from 263,088.00 £
Est sale value
322,500.00 £
Decreased by 45.98 %
from 597,000.00 £
Average area rental value
1,015.00 £/mo
Decreased by 9.62 %
from 1,123.00 £/mo
Est letting value
1,500.00 £/mo
Unchanged by 0.00 %
from 1,500.00 £/mo
Est rental Yield
6.53 %
Increased by 27.54 %
from 5.12 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • Giggs & Bell marked this listing as sold.

  • Giggs & Bell created the listing.

Nearby Schools

NameTypeOfstedDistance
Denbigh High SchoolAcademy Converter0.67 KM
Bury Park Educational Institute (Al - Hikmah Secondary School)Other Independent School0.71 KM
River Bank Primary SchoolFree SchoolsGood0.82 KM
Olive Tree Primary SchoolOther Independent SchoolRequires improvement0.85 KM
Richmond Hill SchoolCommunity Special SchoolGood1.07 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
The Mount £ 000.00 KM
Bedford Gardens £ 000.00 KM
Poppy Close £ 000.00 KM
St. George's Square £ 000.00 KM
Albion Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Luton1536LUT0.94 KM
Luton Airport Parkway3645LTN3.23 KM
Leagrave1534LEA4.61 KM

Nearby Listings

AddressPriceTypeScoreDistance
New Bedford Road, Luton, Bedfordshire, LU3 £ 450,000BUY5 / 100.00 KM
Gregories Close, Luton, Bedfordshire, LU3 1DL £ 150,000BUY6 / 100.06 KM
New Bedford Road, Luton £ 240,000BUY6 / 100.07 KM
Gregories Close, New Bedford Road Area, Luton, Bedfordshire, LU3 1DL £ 295,000BUY5 / 100.07 KM
Gregories Close, Luton £ 150,000BUY5 / 100.10 KM

Nearby Properties

AddressPriceDistance
114 New Bedford Road £ 163,5000.04 KM
118 New Bedford Road £ 197,0000.04 KM
120 New Bedford Road £ 210,0000.05 KM
112 New Bedford Road £ 99,0000.05 KM
106 New Bedford Road £ 249,0000.06 KM