Residential dwellings
26,136
Addressable residential units in the area (OS AddressBase).
LU2 rents and yields
Asking rent £1,299/month · Gross yield 4.6% · 12 months, listings to Sep 2026
What is LU2?
LU2: residential dwellings 26,136.
HMO-shaped dwellings
1.1%
LU2 ranks 2nd of 3 neighbouring postcode districts for HMO-shaped dwellings.
Share of dwellings OS AddressBase classifies RH01/RH02/RH03: laid out as a house in multiple occupation. A statement about built form, not about a licence.
- Buildings
- 21,521
- Mixed-use buildings
- 1.1%
- HMO-shaped units
- 1.1%
- EPC A or B
- 11%
- EPC D or worse
- 53%
What does LU2 earn?
LU2: asking rent £1,299/month (12 months to Sep 2026, 793 lets).
Asking rent
£1,299/month 12 months to Sep 2026
793 lets
Median asking rent per calendar month of residential lettings in the month, from portal listings. Asking, not achieved. 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 793 lets.
Gross yield, asking basis
4.6% 12 months to Sep 2026
1,539 lets
+2.6% on the previous 12 months.
Cell asking rent × 12 over the same cell's asking sale price, before costs, voids and finance (cells with fewer than 5 dated listings are not built). 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 1,539 lets.
Sample is the dated lettings behind the latest month's rent cell.
Homes to rent
613 on 4 Nov 2026
Count of live residential lettings on the day, from portal listings; observed forwards from 5 Sep 2026. The count on 4 Nov 2026; the daily series began on 5 Sep 2026, so no change over a year is stated.
How does LU2 vary by home size?
Asking rent in LU2 runs from £982/month for 1 bedroom to £1,939/month for 4 bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | £982/month | 12 months to Sep 2026 | -0% on the previous 12 months | 511 |
| 2 bedrooms | £1,303/month | 12 months to Sep 2026 | -0.6% on the previous 12 months | 472 |
| 3 bedrooms | £1,576/month | 12 months to Sep 2026 | -0.5% on the previous 12 months | 296 |
| 4 bedrooms | £1,939/month | 12 months to Sep 2026 · 7 of 12 months observed | — | 59 |
| 5+ bedrooms | £1,937/month | 12 months to Sep 2026 · 6 of 12 months observed | — | 38 |
Asking rent per calendar month by bedroom band: the monthly medians of lettings that came to market, weighted by their dated listings, within the last 12 calendar months, from portal listings. A band with fewer than 30 dated listings in the year is not published.
Who owns LU2?
Corporate landlords hold 81% of the 1,158 units in LU2 whose freeholder is classified; 96% of all units are not yet classified.
- Corporate landlords81% of classified · 935 units
- Individuals (not traceable in bulk)11% of classified · 128 units
- Housing associations7.3% of classified · 84 units
- RMC0.9% of classified · 11 units
Freeholder class per addressable unit, from HM Land Registry CCOD/OCOD matched to the title and Companies House. Individuals are counted, never itemised.
Where does LU2 rank?
LU2 ranks 1st of 3 postcode districts in Luton for asking rent, at £1,299/month.
Asking rent · postcode districts in Luton
LU2 ranks 1st of 3 postcode districts in Luton for asking rent, at £1,299/month.
| # | Area | Asking rent | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | LU2 | £1,299/month | 12 months to Sep 2026 · from monthly figures | 793 | measured |
| 2 | LU3 | £1,297/month | 12 months to Sep 2026 · from monthly figures | 422 | measured |
| 3 | LU1 | £1,080/month | 12 months to Sep 2026 · from monthly figures | 768 | measured |
Gross yield, asking basis · postcode districts in Luton
LU2 ranks 2nd of 3 postcode districts in Luton for gross yield, asking basis, at 4.6%.
| # | Area | Gross yield, asking basis | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | LU1 | 4.7% | 12 months to Sep 2026 · from monthly figures | 1,800 | measured |
| 2 | LU2 | 4.6% | 12 months to Sep 2026 · from monthly figures | 1,539 | measured |
| 3 | LU3 | 4.6% | 12 months to Sep 2026 · from monthly figures | 653 | measured |
Where next from LU2?
- LutonThe wider market this area sits in.
- LU1Neighbouring postcode district · Asking £4,031/m² · Sep 2026
- LU3Neighbouring postcode district · Asking £4,222/m² · Sep 2026
- AL5Next door, in another authority · Asking £7,626/m² · Sep 2026
- MK45Next door, in another authority · Asking £4,618/m² · Sep 2026
- SG4Next door, in another authority · Asking £6,025/m² · Sep 2026
- SG5Next door, in another authority · Asking £5,428/m² · Sep 2026
- LU4Next door, in another authority · Asking £4,096/m² · Sep 2026
- LU5Next door, in another authority · Asking £4,326/m² · Sep 2026
Questions about LU2
- What is the average rent in LU2?
- Homes to let in LU2 asked a median £1,299/month over the 12 months to Sep 2026, 793 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in LU2?
- 4.6% on the asking basis: the asking rent times twelve over the asking sale price in the same listing cell, before costs, voids and finance, over the 12 months to Sep 2026, 1,539 lets. +2.6% on the previous 12 months.
- What kind of homes are in LU2?
- LU2 has 26,136 homes, 1.1% laid out as houses in multiple occupation.
Construction costs Context for residential research
Sector and regional evidence. These figures are not a quote for an individual property.
Reading the cost index and the regional factors…
Everything else about LU2
- Property values in LU2Every addressable home with its floor area, tenure and last recorded sale.
- Land and development sites in LU2Registered land with its area, tenure and what stands on it.
- Houses and flats for sale in LU2What is on the market right now, with the evidence beside each asking price.
- Flats and houses to rent in LU2What is available to rent, with the recorded rent and yield beside each asking price.
- Sold house prices in LU2Registered completions from Price Paid, newest first.
- Planning applications in LU2What was proposed, who decided it and whether it was approved.
- Estate agents in LU2Who actually lists here, ranked by volume over 12 months.
Where these figures come from
| Figure | Dataset | Window | Latest | Sample |
|---|---|---|---|---|
| Residential dwellings | HM Land Registry Price Paid and the address register, 12-month rollup | Latest published | — | — |
| HMO-shaped dwellings | HM Land Registry Price Paid and the address register, 12-month rollup | Latest published | — | — |
| Asking rent | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 793 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 1,539 lets |
| Homes to rent | Portal listings; observed forwards from 5 Sep 2026 | on 4 Nov 2026 | 4 Nov 2026 | — |