1, CHESFORD ROAD, LUTON, LU2 8BE - £366,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 CHESFORD ROAD is a midsized extended semi-detached house of 113m², built sometime between 1930 and 1949, which could now be worth an estimated £448,375. It was last sold for £366,000 in December 2019, which was around 37% above the average December 2019 semi-detached price in the Luton local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was B.

1 CHESFORD ROAD Sold Prices

Land registry data shows three sales for 1 CHESFORD ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Luton local authority area for the corresponding sale date. All of the three 1 CHESFORD ROAD sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 6 DEC	£366,000	£267,781	37% above HPI
2015 21 MAY	£280,000	£202,853	38% above HPI
2002 12 APR	£114,000	£100,957	13% above HPI

1 CHESFORD ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Luton local authority area over time, sourced from the HPI. The three 1 CHESFORD ROAD sales between April 2002 and December 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2015 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the December 2019 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 1 CHESFORD ROAD be worth now?

1 CHESFORD ROAD might now be worth an estimated £448,375.

This is based on house price inflation of 22.5%, between December 2019 and May 2026, for semi-detached houses, in the Luton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.5% inflationary increase is applied to the most recent sale price for 1 CHESFORD ROAD of £366,000 on 6th December 2019. For the value to have increased from £366,000 to £448,375 over the seven years and seven months to May 2026, the following assumptions must hold true:

• The value of 1 CHESFORD ROAD has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The December 2019 sale price of £366,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CHESFORD ROAD has not materially changed since December 2019.

How Large is 1 CHESFORD ROAD?

1 CHESFORD ROAD is 113m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the largest 50% of semi-detached houses houses in Luton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Luton, and where 1 CHESFORD ROAD lies on this distribution: 55% of semi-detached houses houses are smaller than 1 CHESFORD ROAD, and 44% of houses are larger. Note that EPC data is not available for all properties in Luton.

1 CHESFORD ROAD: Plot and Title Map

1 CHESFORD ROAD sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 1 CHESFORD ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 CHESFORD ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 CHESFORD ROAD?

1 CHESFORD ROAD is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 1 on CHESFORD ROAD.