11, MARKFIELD CLOSE, LUTON, LU3 2HY - £292,500

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.

11 MARKFIELD CLOSE is a midsized detached house of 115m², built sometime between 1983 and 1990, which could now be worth an estimated £460,428. It was last sold for £292,500 in May 2015, which was around 2% below the average May 2015 detached price in the Luton local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

11 MARKFIELD CLOSE Sold Prices

Land registry data shows one sale for 11 MARKFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Luton local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 1 MAY	£292,500	£298,379	2% below HPI

What might 11 MARKFIELD CLOSE be worth now?

11 MARKFIELD CLOSE might now be worth an estimated £460,428.

This is based on house price inflation of 57.4%, between May 2015 and May 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 57.4% inflationary increase is applied to the most recent sale price for 11 MARKFIELD CLOSE of £292,500 on 1st May 2015. For the value to have increased from £292,500 to £460,428 over the eleven years to May 2026, the following assumptions must hold true:

• The value of 11 MARKFIELD CLOSE has moved in line with the HPI for detached houses in the Luton local authority area.
• The May 2015 sale price of £292,500 represented a fair market value for the property.
• The size, condition, and specification of 11 MARKFIELD CLOSE has not materially changed since May 2015.

How Large is 11 MARKFIELD CLOSE?

11 MARKFIELD CLOSE is 115m² according to the EPC inspection conducted in March 2015. This puts it in the largest 50% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 11 MARKFIELD CLOSE lies on this distribution: 58% of detached houses are smaller than 11 MARKFIELD CLOSE, and 41% of detached houses are larger. Note that EPC data is not available for all properties in Luton.

11 MARKFIELD CLOSE: Plot

11 MARKFIELD CLOSE sits on a plot of roughly 0.113 of an acre, or 457m².

Where is 11 MARKFIELD CLOSE?

11 MARKFIELD CLOSE is located in LUTON, in the LU3 postcode district.