1, LORIMER CLOSE, LUTON, LU2 7RL - £406,000

1 LORIMER CLOSE is a large detached house of 138m², built sometime between 1983 and 1990. It was last sold for £406,000 in June 2019, which was around 3% above the average June 2019 detached price in the Luton local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

1 LORIMER CLOSE Sold Prices

Land registry data shows five sales for 1 LORIMER CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Luton local authority area for the corresponding sale date. All of the five 1 LORIMER CLOSE 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 13 JUN	£406,000	£393,575	3% above HPI
2010 2 JUL	£300,000	£244,800	23% above HPI
2007 23 FEB	£275,000	£248,780	11% above HPI
2001 14 SEP	£202,500	£149,115	36% above HPI
1997 21 NOV	£117,000	£86,681	35% above HPI

1 LORIMER 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 five 1 LORIMER CLOSE sales between November 1997 and June 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 July 2010 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the June 2019 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 1 LORIMER CLOSE?

1 LORIMER CLOSE is 138m² according to the EPC inspection conducted in March 2016. This puts it in the largest 30% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 1 LORIMER CLOSE lies on this distribution: 79% of detached houses are smaller than 1 LORIMER CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Luton.

1 LORIMER CLOSE: Plot and Title Map

1 LORIMER CLOSE sits on a plot of roughly 0.087 of an acre, or 354m². The below map shows the location of 1 LORIMER 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 LORIMER 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 LORIMER CLOSE?

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