15, MILBURN CLOSE, LUTON, LU3 4EH - £665,000

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.

15 MILBURN CLOSE is a very large extended detached house of 166m², built sometime between 1991 and 1995, which could now be worth an estimated £679,003. It was last sold for £665,000 in June 2022, which was around 45% above the average June 2022 detached price in the Luton local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was C.

15 MILBURN CLOSE Sold Prices

Land registry data shows three sales for 15 MILBURN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Luton local authority area for the corresponding sale date. All of the three 15 MILBURN 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
2022 17 JUN	£665,000	£459,996	45% above HPI
2008 30 JUL	£400,000	£260,099	54% above HPI
2008 25 JAN	£380,000	£268,505	42% above HPI

15 MILBURN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Luton local authority area over time, sourced from the HPI. The three 15 MILBURN CLOSE sales between January 2008 and June 2022 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 July 2008 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the June 2022 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 15 MILBURN CLOSE be worth now?

15 MILBURN CLOSE might now be worth an estimated £679,003.

This is based on house price inflation of 2.1%, between June 2022 and May 2026, for 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 2.1% inflationary increase is applied to the most recent sale price for 15 MILBURN CLOSE of £665,000 on 17th June 2022. For the value to have increased from £665,000 to £679,003 over the four years and one month to May 2026, the following assumptions must hold true:

• The value of 15 MILBURN CLOSE has moved in line with the HPI for detached houses in the Luton local authority area.
• The June 2022 sale price of £665,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MILBURN CLOSE has not materially changed since June 2022.

How Large is 15 MILBURN CLOSE?

15 MILBURN CLOSE is 166m², which includes two extensions, according to the EPC inspection conducted in May 2022. This puts it in the largest 20% of detached houses houses in Luton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Luton, and where 15 MILBURN CLOSE lies on this distribution: 89% of detached houses houses are smaller than 15 MILBURN CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Luton.

15 MILBURN CLOSE: Plot and Title Map

15 MILBURN CLOSE sits on a plot of roughly 0.105 of an acre, or 426m². The below map shows the location of 15 MILBURN 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 15 MILBURN 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 15 MILBURN CLOSE?

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