£700K Luton Property Deal – But There’s a Catch!

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In this episode of Property Mentors, Martin Roberts and Nicholas Wallwork travel to Luton to meet Therese, an ambitious developer from Norway. Her goal? To create much-needed social housing using modular construction.

✅ Original plan: 64 flats using modular construction – rejected after an initial council recommendation
✅ Current site: 0.55-acre former garage plot – now being reconsidered for terraced housing
✅ New opportunity: Art deco building in central Luton – PD for 3 flats + potential for 10 modular units on the roof

With contamination issues and planning roadblocks, the mentors help Therese assess whether to persist with her current site or pivot to a cleaner, high-profit opportunity. The central Luton site, benefiting from the area’s regeneration, offers a faster route to success with a potential £700K profit and aligns with her vision for social housing.

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