18, LAMBOURN DRIVE, LUTON, LU2 7GQ - £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.

18 LAMBOURN DRIVE is a very small terraced house of 63m², built sometime between 1996 and 2002, which could now be worth an estimated £335,252. It was last sold for £340,000 in September 2022, which was around 28% above the average September 2022 terraced price in the Luton local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was B.

18 LAMBOURN DRIVE Sold Prices

Land registry data shows seven sales for 18 LAMBOURN DRIVE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average terraced price in the Luton local authority area for the corresponding sale date. All of the seven 18 LAMBOURN 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
2022 26 SEP	£340,000	£266,573	28% above HPI
2018 28 NOV	£307,500	£220,431	39% above HPI
2012 31 OCT	£181,000	£135,959	33% above HPI
2007 14 FEB	£180,000	£143,484	25% above HPI
2005 4 NOV	£178,000	£131,385	35% above HPI
2001 28 FEB	£103,000	£67,702	52% above HPI
1996 28 JUN	£61,700	£37,803	63% above HPI

18 LAMBOURN DRIVE 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 seven 18 LAMBOURN DRIVE sales between June 1996 and September 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 November 2018 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the September 2022 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 18 LAMBOURN DRIVE be worth now?

18 LAMBOURN DRIVE might now be worth an estimated £335,252.

This is based on house price deflation of 1.4%, between September 2022 and May 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 1.4% deflationary decrease is applied to the most recent sale price for 18 LAMBOURN DRIVE of £340,000 on 26th September 2022. For the value to have decreased from £340,000 to £335,252 over the four years and four months to May 2026, the following assumptions must hold true:

• The value of 18 LAMBOURN DRIVE has moved in line with the HPI for terraced houses in the Luton local authority area.
• The September 2022 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 18 LAMBOURN DRIVE has not materially changed since September 2022.

How Large is 18 LAMBOURN DRIVE?

18 LAMBOURN DRIVE is 63m² according to the EPC inspection conducted in December 2021. 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 18 LAMBOURN DRIVE lies on this distribution: 3% of terraced houses houses are smaller than 18 LAMBOURN DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Luton.

18 LAMBOURN DRIVE: Plot and Title Map

18 LAMBOURN DRIVE sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 18 LAMBOURN 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 18 LAMBOURN 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 18 LAMBOURN DRIVE?

18 LAMBOURN DRIVE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 18 on LAMBOURN DRIVE.