2, THE RIDINGS, LUTON, LU3 1BY - £117,750

2 THE RIDINGS is a very small detached house of 51m², built sometime between 1983 and 1990. It was last sold for £117,750 in January 2007, which was around 52% below the average January 2007 detached price in the Luton local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was B.

2 THE RIDINGS Sold Prices

Land registry data shows three sales for 2 THE RIDINGS 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 2 THE RIDINGS 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
2007 30 JAN	£117,750	£246,956	52% below HPI
2004 9 JUL	£112,000	£227,123	51% below HPI
2000 30 MAR	£57,000	£117,659	52% below HPI

2 THE RIDINGS 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 2 THE RIDINGS sales between March 2000 and January 2007 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 2004 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the January 2007 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is 2 THE RIDINGS?

2 THE RIDINGS is 51m² according to the EPC inspection conducted in November 2017. 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 2 THE RIDINGS lies on this distribution: 1% of detached houses are smaller than 2 THE RIDINGS, and 99% of houses are larger. Note that EPC data is not available for all properties in Luton.

2 THE RIDINGS: Plot and Title Map

2 THE RIDINGS sits on a plot of roughly 0.027 of an acre, or 109m². The below map shows the location of 2 THE RIDINGS, 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 THE RIDINGS). 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 THE RIDINGS?

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