# 3 bedroom detached house for sale (LU2 8HZ) ## Property Details | Key | Value | |-----|-------| | Address | 38 SELSEY DRIVE, LUTON, LUTON LU2 8HZ | | Price | £450,000 | | Bedrooms | 3 | | Bathrooms | 2 | | Council tax | E | | Floor area | 108 m² | | Last sold | £445,000 Jan 2025 | ## EPC Rating & Upgrade Cost - **Current rating:** D - **Potential rating:** C - **Current heating cost:** £1,974/year - **Est. upgrade cost to C:** £14,500 ### Recommendations - W2 (£4,000 - £6,000) - N (£4,000 - £6,000) - U (£3,500 - £5,500) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0380-2027-5250-2407-3655) ## Description *STUNNING FAMILY HOME IN A GREAT AREA WITH LARGE BEDROOMS* INDIGO RESIDENTIAL are proud to present to the market this IMMACULATE EXTENDED THREE BEDROOM DETACHED family home located in the very popular PUTTERIDGE area of Luton. DESCRIPTION: The accommodation is delightfully presented and modernised throughout and offers extended living space. To the ground floor and upon entrance is a convenient entrance porch providing access to both the guest cloakroom (doubling up as a utility room) and the further ground floor living areas. There is a private and spacious lounge to the front aspect. The dining room opens neatly to the conservatory and this allows for such great family space. The kitchen is modern and high gloss with curved corner feature units. There is an integrated dishwasher and space for an American style fridge freezer. Through the side door there is a further lobby area with access to both the front and to the rear garden. Another convenient addition. On the first floor there are two large double bedrooms both of which have double glazed windows and fitted carpets. Bedroom three is a smaller double with views over miles of countryside. The large family bathroom has been completely re fitted,comprising of a four piece white suite with shower cubicle, bath and w/c. Externally too there has been no expense spared by the current owner. The front garden is laid to lawn with re laid path areas to the front door. An artificial lawn has been laid to the rear offering a low maintenance garden. There are double gates giving access to a driveway and an oversized integral garage providing private secure parking which could be converted into more living space. Selsey Drive is located on the outer skirts of Luton and not far from the Hertfordshire border. There are extremely popular schools within a short walk as well as picturesque rural countryside close by offering fantastic walks for all the family. EPC RATING - D COUNCIL TAX BAND - E ## Property Photos - ![Photo](/listings/photos/150890528/359412) - ![Photo](/listings/photos/150890528/359415) - ![Photo](/listings/photos/150890528/359416) - ![Photo](/listings/photos/150890528/359417) - ![Photo](/listings/photos/150890528/359418) - ![Photo](/listings/photos/150890528/359419) - ![Photo](/listings/photos/150890528/359421) - ![Photo](/listings/photos/150890528/359422) - ![Photo](/listings/photos/150890528/359423) - ![Photo](/listings/photos/150890528/359425) - ![Photo](/listings/photos/150890528/359427) - ![Photo](/listings/photos/150890528/359429) - ![Photo](/listings/photos/150890528/359432) - ![Photo](/listings/photos/150890528/359434) - ![Photo](/listings/photos/150890528/359445) - ![Photo](/listings/photos/150890528/359447) - ![Photo](/listings/photos/150890528/359449) - ![Photo](/listings/photos/150890528/359451) - ![Photo](/listings/photos/150890528/359452) - ![Photo](/listings/photos/150890528/359455) - ![Photo](/listings/photos/150890528/359458) - ![Photo](/listings/photos/150890528/359460) - ![Photo](/listings/photos/150890528/359463) - ![Photo](/listings/photos/150890528/359464) - ![Photo](/listings/photos/150890528/359468) - ![Photo](/listings/photos/150890528/359471) - ![Photo](/listings/photos/150890528/359474) ## Floorplans - ![Floorplan 1](/listings/photos/150890528/359475) - Floorplan 1 ## EPC Graphs - ![EPC 1](/listings/photos/150890528/359480) - EPC 1 ## FENSA Certificates This property has 1 FENSA certificate(s) on record. ### FENSA Certificate #7111789 - **Address:** 38 Selsey Drive, LUTON, LU2 8HZ - **Certificate Issued:** 25/01/2010 - **Work Completed:** 20/10/2009 - **Items:** 1 window(s) ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 38 SELSEY DRIVE, LUTON, LU2 8HZ | £445,000 | 10/01/2025 | Detached | | 38 SELSEY DRIVE, LUTON, LU2 8HZ | £320,000 | 30/06/2021 | Detached | | 38 SELSEY DRIVE, LUTON, LU2 8HZ | £240,000 | 04/11/2011 | Detached | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 9 MIDDLETON ROAD, LUTON, LU2 8HY | £440,000 | 10/10/2023 | Detached | | [Same street] 6 SELSEY DRIVE, LUTON, LU2 8HZ | £415,000 | 05/10/2023 | Detached | | 6 MIDDLETON ROAD, LUTON, LU2 8HY | £410,000 | 09/12/2022 | Detached | | 22 BIRLING DRIVE, LUTON, LU2 8JA | £234,000 | 10/12/2021 | Detached | | 3 SALTDEAN CLOSE, LUTON, LU2 8QN | £241,580 | 10/09/2021 | Detached | | 4 AMBERLEY CLOSE, LUTON, LU2 8HX | £345,000 | 27/08/2021 | Detached | | 8 PEVENSEY CLOSE, LUTON, LU2 8HU | £395,000 | 11/06/2021 | Detached | **Street average:** £415,000 (1 sale) **Area average:** £344,263 (6 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £538,575 (40 Detached, LU2, 2024–2026) - **Deviation:** -16.4% ## Rental Range *ONS Price Index of Private Rents (Luton). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,093/mo - **Realistic:** £1,214/mo - **Optimistic:** £1,335/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Luton (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £1,097/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 3 Bed Terraced House, Handcross Road, LU2 | £1,570/mo | 3 | 0.57 miles | OpenRent | **Average rent: £1,570/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.35% (weak for cashflow) - **Max investor price (0.8%):** £196,250 - **Target investor price (1%):** £157,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,570/mo).* - **Gross yield:** 4.2% - **Cost-to-rent:** 23.9× - **Monthly cashflow:** £-384/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -3.5% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Price per Square Metre - **£/m²:** £4,167/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 26.2% - **10y growth:** 43.4% ## House Price Index (HM Land Registry) *Official index for Luton; Detached series; as of March 2026.* - **1y growth (index):** -1.3% - **5y growth (index):** 14.9% - **10y growth (index):** 31.3% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)