120, MORGAN CLOSE, LUTON, LU4 9GN - £205,000

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.

120 MORGAN CLOSE is a very small extended terraced house of 75m², built sometime between 1996 and 2002, which could now be worth an estimated £290,838. It was last sold for £205,000 in December 2015, which was around 10% above the average December 2015 terraced price in the Luton local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

120 MORGAN CLOSE Sold Prices

Land registry data shows two sales for 120 MORGAN CLOSE 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. Both of the two 120 MORGAN 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
2015 9 DEC	£205,000	£186,136	10% above HPI
2002 9 SEP	£155,000	£92,179	68% above HPI

120 MORGAN CLOSE 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 120 MORGAN CLOSE sales from September 2002 and December 2015 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 September 2002 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the December 2015 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 120 MORGAN CLOSE be worth now?

120 MORGAN CLOSE might now be worth an estimated £290,838.

This is based on house price inflation of 41.9%, between December 2015 and April 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 41.9% inflationary increase is applied to the most recent sale price for 120 MORGAN CLOSE of £205,000 on 9th December 2015. For the value to have increased from £205,000 to £290,838 over the eleven years and eight months to April 2026, the following assumptions must hold true:

• The value of 120 MORGAN CLOSE has moved in line with the HPI for terraced houses in the Luton local authority area.
• The December 2015 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 120 MORGAN CLOSE has not materially changed since December 2015.

How Large is 120 MORGAN CLOSE?

120 MORGAN CLOSE is 75m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the smallest 10% 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 120 MORGAN CLOSE lies on this distribution: 9% of terraced houses houses are smaller than 120 MORGAN CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Luton.

120 MORGAN CLOSE: Plot and Title Map

120 MORGAN CLOSE sits on a plot of roughly 0.031 of an acre, or 126m². The below map shows the location of 120 MORGAN 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 120 MORGAN 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 120 MORGAN CLOSE?

120 MORGAN CLOSE is located in LUTON, in the LU4 postcode district. The below map shows the position of No. 120 on MORGAN CLOSE.