1, EDKINS CLOSE, LUTON, LU2 7SS - £327,000

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 EDKINS CLOSE is a small detached house of 94m², built sometime between 1991 and 1995, which could now be worth an estimated £387,744. It was last sold for £327,000 in May 2018, which was around 18% below the average May 2018 detached price in the Luton local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

1 EDKINS CLOSE Sold Prices

Land registry data shows two sales for 1 EDKINS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Luton local authority area for the corresponding sale date. Both of the two 1 EDKINS CLOSE sales were for below 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
2018 18 MAY	£327,000	£398,465	18% below HPI
2002 8 FEB	£40,957	£154,458	73% below HPI

1 EDKINS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Luton local authority area over time, sourced from the HPI. The two 1 EDKINS CLOSE sales from February 2002 and May 2018 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 February 2002 sale was for 73% below the HPI. So the extrapolation line tracks at 73% below the HPI over time, until the May 2018 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 1 EDKINS CLOSE be worth now?

1 EDKINS CLOSE might now be worth an estimated £387,744.

This is based on house price inflation of 18.6%, between May 2018 and April 2026, for 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 18.6% inflationary increase is applied to the most recent sale price for 1 EDKINS CLOSE of £327,000 on 18th May 2018. For the value to have increased from £327,000 to £387,744 over the eight years and one month to April 2026, the following assumptions must hold true:

• The value of 1 EDKINS CLOSE has moved in line with the HPI for detached houses in the Luton local authority area.
• The May 2018 sale price of £327,000 represented a fair market value for the property.
• The size, condition, and specification of 1 EDKINS CLOSE has not materially changed since May 2018.

How Large is 1 EDKINS CLOSE?

1 EDKINS CLOSE is 94m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 40% of detached houses houses in Luton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Luton, and where 1 EDKINS CLOSE lies on this distribution: 31% of detached houses houses are smaller than 1 EDKINS CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Luton.

1 EDKINS CLOSE: Plot and Title Map

1 EDKINS CLOSE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 1 EDKINS CLOSE, 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 EDKINS CLOSE). 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 EDKINS CLOSE?

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