2, DRAY GARDENS, LUTON, LU3 3FF - £265,000

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.

2 DRAY GARDENS is a very small terraced house of 62m², built in 2018, which could now be worth an estimated £270,133. It was last sold for £265,000 in September 2023, which was around 2% above the average September 2023 terraced price in the Luton local authority area. The most recent EPC inspection was January 2018, where the current energy rating was B, and the potential energy rating was A.

2 DRAY GARDENS Sold Prices

Land registry data shows two sales for 2 DRAY GARDENS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Luton local authority area for the corresponding sale date. One of the two 2 DRAY GARDENS 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
2023 28 SEP	£265,000	£259,057	2% above HPI
2016 24 JUN	£172,500	£201,003	14% below HPI

2 DRAY GARDENS 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 two 2 DRAY GARDENS sales from June 2016 and September 2023 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 June 2016 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2023 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 2 DRAY GARDENS be worth now?

2 DRAY GARDENS might now be worth an estimated £270,133.

This is based on house price inflation of 1.9%, between September 2023 and April 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 1.9% inflationary increase is applied to the most recent sale price for 2 DRAY GARDENS of £265,000 on 28th September 2023. For the value to have increased from £265,000 to £270,133 over the three years and five months to April 2026, the following assumptions must hold true:

• The value of 2 DRAY GARDENS has moved in line with the HPI for terraced houses in the Luton local authority area.
• The September 2023 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 2 DRAY GARDENS has not materially changed since September 2023.

How Large is 2 DRAY GARDENS?

2 DRAY GARDENS is 62m² according to the EPC inspection conducted in January 2018. 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 2 DRAY GARDENS lies on this distribution: 3% of terraced houses houses are smaller than 2 DRAY GARDENS, and 97% of houses are larger. Note that EPC data is not available for all properties in Luton.

2 DRAY GARDENS: Plot and Title Map

2 DRAY GARDENS sits on a plot of roughly 0.188 of an acre, or 761m². The below map shows the location of 2 DRAY GARDENS, 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 2 DRAY GARDENS). 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 2 DRAY GARDENS?

2 DRAY GARDENS is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 2 on DRAY GARDENS.