20, SPURCROFT, LUTON, LU3 4EG - £220,000

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.

20 SPURCROFT is a very small terraced house of 45m², built sometime between 1983 and 1990, which could now be worth an estimated £228,430. It was last sold for £220,000 in June 2022, which was around 14% below the average June 2022 terraced price in the Luton local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

20 SPURCROFT Sold Prices

Land registry data shows four sales for 20 SPURCROFT since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Luton local authority area for the corresponding sale date. All of the four 20 SPURCROFT 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 7 JUN	£220,000	£255,729	14% below HPI
2008 4 FEB	£130,000	£153,735	15% below HPI
2000 3 AUG	£59,995	£64,884	8% below HPI
1998 10 JUL	£39,000	£46,279	16% below HPI

20 SPURCROFT 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 four 20 SPURCROFT sales between July 1998 and June 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 February 2008 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2022 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 20 SPURCROFT be worth now?

20 SPURCROFT might now be worth an estimated £228,430.

This is based on house price inflation of 3.8%, between June 2022 and July 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 3.8% inflationary increase is applied to the most recent sale price for 20 SPURCROFT of £220,000 on 7th June 2022. For the value to have increased from £220,000 to £228,430 over the three years and eleven months to July 2026, the following assumptions must hold true:

• The value of 20 SPURCROFT has moved in line with the HPI for terraced houses in the Luton local authority area.
• The June 2022 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 20 SPURCROFT has not materially changed since June 2022.

How Large is 20 SPURCROFT?

20 SPURCROFT is 45m² according to the EPC inspection conducted in October 2016. 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 20 SPURCROFT lies on this distribution: Less than 1% of terraced houses houses are smaller than 20 SPURCROFT, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Luton.

20 SPURCROFT: Plot and Title Map

20 SPURCROFT sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of 20 SPURCROFT, 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 20 SPURCROFT). 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 20 SPURCROFT?

20 SPURCROFT is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 20 on SPURCROFT.