15, MEMORIAL ROAD, LUTON, LU3 2QU - £232,500

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.

15 MEMORIAL ROAD is a very small semi-detached house of 79m², built sometime between 1930 and 1949, which could now be worth an estimated £334,205. It was last sold for £232,500 in December 2015, which was around 2% above the average December 2015 semi-detached price in the Luton local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was C.

15 MEMORIAL ROAD Sold Prices

Land registry data shows two sales for 15 MEMORIAL ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Luton local authority area for the corresponding sale date. One of the two 15 MEMORIAL ROAD 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
2015 18 DEC	£232,500	£228,218	2% above HPI
2007 16 NOV	£160,000	£184,724	13% below HPI

15 MEMORIAL ROAD 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 two 15 MEMORIAL ROAD sales from November 2007 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 November 2007 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2015 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 15 MEMORIAL ROAD be worth now?

15 MEMORIAL ROAD might now be worth an estimated £334,205.

This is based on house price inflation of 43.7%, between December 2015 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 43.7% inflationary increase is applied to the most recent sale price for 15 MEMORIAL ROAD of £232,500 on 18th December 2015. For the value to have increased from £232,500 to £334,205 over the eleven years and seven months to May 2026, the following assumptions must hold true:

• The value of 15 MEMORIAL ROAD has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The December 2015 sale price of £232,500 represented a fair market value for the property.
• The size, condition, and specification of 15 MEMORIAL ROAD has not materially changed since December 2015.

How Large is 15 MEMORIAL ROAD?

15 MEMORIAL ROAD is 79m² according to the EPC inspection conducted in October 2015. 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 15 MEMORIAL ROAD lies on this distribution: 12% of semi-detached houses houses are smaller than 15 MEMORIAL ROAD, and 87% of houses are larger. Note that EPC data is not available for all properties in Luton.

15 MEMORIAL ROAD: Plot and Title Map

15 MEMORIAL ROAD sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 15 MEMORIAL ROAD, 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 15 MEMORIAL ROAD). 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 15 MEMORIAL ROAD?

15 MEMORIAL ROAD is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 15 on MEMORIAL ROAD.