116, EDGEWOOD DRIVE, LUTON, LU2 8EX - £340,000

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.

116 EDGEWOOD DRIVE is a very small semi-detached house of 79m², built sometime between 1950 and 1966, which could now be worth an estimated £404,467. It was last sold for £340,000 in August 2018, which was around 23% above the average August 2018 semi-detached price in the Luton local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

116 EDGEWOOD DRIVE Sold Prices

Land registry data shows three sales for 116 EDGEWOOD DRIVE 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 116 EDGEWOOD DRIVE 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
2018 15 AUG	£340,000	£275,763	23% above HPI
2015 3 FEB	£250,000	£192,273	30% above HPI
2014 18 SEP	£197,000	£189,178	4% above HPI

116 EDGEWOOD DRIVE 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 116 EDGEWOOD DRIVE sales between September 2014 and August 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 2015 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the August 2018 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 116 EDGEWOOD DRIVE be worth now?

116 EDGEWOOD DRIVE might now be worth an estimated £404,467.

This is based on house price inflation of 19%, between August 2018 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 19% inflationary increase is applied to the most recent sale price for 116 EDGEWOOD DRIVE of £340,000 on 15th August 2018. For the value to have increased from £340,000 to £404,467 over the eight years and three months to May 2026, the following assumptions must hold true:

• The value of 116 EDGEWOOD DRIVE has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The August 2018 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 116 EDGEWOOD DRIVE has not materially changed since August 2018.

How Large is 116 EDGEWOOD DRIVE?

116 EDGEWOOD DRIVE is 79m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 20% 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 116 EDGEWOOD DRIVE lies on this distribution: 12% of semi-detached houses houses are smaller than 116 EDGEWOOD DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Luton.

116 EDGEWOOD DRIVE: Plot and Title Map

116 EDGEWOOD DRIVE sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of 116 EDGEWOOD DRIVE, 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 116 EDGEWOOD DRIVE). 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 116 EDGEWOOD DRIVE?

116 EDGEWOOD DRIVE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 116 on EDGEWOOD DRIVE.