18, STEPHENS CLOSE, LUTON, LU2 9AN - £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 STEPHENS CLOSE is a very small semi-detached house of 71m², built sometime between 1967 and 1975, which could now be worth an estimated £344,153. It was last sold for £340,000 in August 2022, which was around 5% above the average August 2022 semi-detached price in the Luton local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

18 STEPHENS CLOSE Sold Prices

Land registry data shows three sales for 18 STEPHENS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Luton local authority area for the corresponding sale date. All of the three 18 STEPHENS 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 26 AUG	£340,000	£324,187	5% above HPI
1997 15 DEC	£73,500	£55,967	31% above HPI
1995 19 SEP	£69,000	£48,501	42% above HPI

18 STEPHENS CLOSE 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 three 18 STEPHENS CLOSE sales between September 1995 and August 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 December 1997 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the August 2022 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 18 STEPHENS CLOSE be worth now?

18 STEPHENS CLOSE might now be worth an estimated £344,153.

This is based on house price inflation of 1.2%, between August 2022 and April 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 1.2% inflationary increase is applied to the most recent sale price for 18 STEPHENS CLOSE of £340,000 on 26th August 2022. For the value to have increased from £340,000 to £344,153 over the four years and four months to April 2026, the following assumptions must hold true:

• The value of 18 STEPHENS CLOSE has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The August 2022 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 18 STEPHENS CLOSE has not materially changed since August 2022.

How Large is 18 STEPHENS CLOSE?

18 STEPHENS CLOSE is 71m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 10% 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 18 STEPHENS CLOSE lies on this distribution: 7% of semi-detached houses houses are smaller than 18 STEPHENS CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Luton.

18 STEPHENS CLOSE: Plot and Title Map

18 STEPHENS CLOSE sits on a plot of roughly 0.045 of an acre, or 182m². The below map shows the location of 18 STEPHENS 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 STEPHENS 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 STEPHENS CLOSE?

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