18, MULLION CLOSE, LUTON, LU2 7XF - £220,000

18 MULLION CLOSE is a very small detached house of 59m², built sometime between 1950 and 1966. It was last sold for £220,000 in July 2022, which was around 53% below the average July 2022 detached price in the Luton local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was C.

18 MULLION CLOSE Sold Prices

Land registry data shows three sales for 18 MULLION 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 18 MULLION CLOSE sales were 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
2022 8 JUL	£220,000	£463,371	53% below HPI
2010 18 MAY	£125,000	£242,443	48% below HPI
2004 11 JUN	£99,950	£224,884	56% below HPI

18 MULLION 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 18 MULLION CLOSE sales between June 2004 and July 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 May 2010 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the July 2022 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 18 MULLION CLOSE?

18 MULLION CLOSE is 59m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 18 MULLION CLOSE lies on this distribution: 2% of detached houses are smaller than 18 MULLION CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Luton.

18 MULLION CLOSE: Plot and Title Map

18 MULLION CLOSE sits on a plot of roughly 1.4 acres, or 5,575m². The below map shows the location of 18 MULLION 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 18 MULLION 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 18 MULLION CLOSE?

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