140, MORGAN CLOSE, LUTON, LU4 9GN - £170,000

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.

140 MORGAN CLOSE is a very small terraced house of 80m², built sometime between 1996 and 2002, which could now be worth an estimated £348,722. It was last sold for £170,000 in April 2005, which was around 32% above the average April 2005 terraced price in the Luton local authority area. The most recent EPC inspection was September 2017, where the current energy rating was C, and the potential energy rating was B.

140 MORGAN CLOSE Sold Prices

Land registry data shows two sales for 140 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 140 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
2005 15 APR	£170,000	£128,735	32% above HPI
2002 28 JUN	£123,500	£83,481	48% above HPI

140 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 140 MORGAN CLOSE sales from June 2002 and April 2005 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 June 2002 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the April 2005 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might 140 MORGAN CLOSE be worth now?

140 MORGAN CLOSE might now be worth an estimated £348,722.

This is based on house price inflation of 105.1%, between April 2005 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 105.1% inflationary increase is applied to the most recent sale price for 140 MORGAN CLOSE of £170,000 on 15th April 2005. For the value to have increased from £170,000 to £348,722 over the 21 years to April 2026, the following assumptions must hold true:

• The value of 140 MORGAN CLOSE has moved in line with the HPI for terraced houses in the Luton local authority area.
• The April 2005 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 140 MORGAN CLOSE has not materially changed since April 2005.

How Large is 140 MORGAN CLOSE?

140 MORGAN CLOSE is 80m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 20% 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 140 MORGAN CLOSE lies on this distribution: 14% of terraced houses houses are smaller than 140 MORGAN CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Luton.

140 MORGAN CLOSE: Plot and Title Map

140 MORGAN CLOSE sits on a plot of roughly 0.045 of an acre, or 184m². The below map shows the location of 140 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 140 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 140 MORGAN CLOSE?

140 MORGAN CLOSE is located in LUTON, in the LU4 postcode district. The below map shows the position of No. 140 on MORGAN CLOSE.