112, WIGMORE LANE, LUTON, LU2 8AD - £245,000

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.

112 WIGMORE LANE is a small extended terraced house of 90m², built sometime between 1950 and 1966, which could now be worth an estimated £296,716. It was last sold for £245,000 in March 2019, which was around 13% above the average March 2019 terraced price in the Luton local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was B.

112 WIGMORE LANE Sold Prices

Land registry data shows two sales for 112 WIGMORE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Luton local authority area for the corresponding sale date. One of the two 112 WIGMORE LANE sales was for above the average price, whilst the other was 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
2019 18 MAR	£245,000	£217,037	13% above HPI
1999 26 FEB	£30,000	£49,523	39% below HPI

112 WIGMORE LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Luton local authority area over time, sourced from the HPI. The two 112 WIGMORE LANE sales from February 1999 and March 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 February 1999 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the March 2019 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 112 WIGMORE LANE be worth now?

112 WIGMORE LANE might now be worth an estimated £296,716.

This is based on house price inflation of 21.1%, between March 2019 and May 2026, for terraced 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 21.1% inflationary increase is applied to the most recent sale price for 112 WIGMORE LANE of £245,000 on 18th March 2019. For the value to have increased from £245,000 to £296,716 over the six years and ten months to May 2026, the following assumptions must hold true:

• The value of 112 WIGMORE LANE has moved in line with the HPI for terraced houses in the Luton local authority area.
• The March 2019 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 112 WIGMORE LANE has not materially changed since March 2019.

How Large is 112 WIGMORE LANE?

112 WIGMORE LANE is 90m², which includes two extensions, according to the EPC inspection conducted in October 2018. This puts it in the smallest 30% of terraced houses houses in Luton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Luton, and where 112 WIGMORE LANE lies on this distribution: 26% of terraced houses houses are smaller than 112 WIGMORE LANE, and 73% of houses are larger. Note that EPC data is not available for all properties in Luton.

112 WIGMORE LANE: Plot and Title Map

112 WIGMORE LANE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 112 WIGMORE LANE, 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 112 WIGMORE LANE). 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 112 WIGMORE LANE?

112 WIGMORE LANE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 112 on WIGMORE LANE.