22, PEARTREE ROAD, LUTON, LU2 8BA - £235,000

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.

22 PEARTREE ROAD is a very small terraced house of 59m², built sometime between 1950 and 1966, which could now be worth an estimated £311,547. It was last sold for £235,000 in May 2016, which was around 19% above the average May 2016 terraced price in the Luton local authority area. The most recent EPC inspection was January 2016, where the current energy rating was C, and the potential energy rating was B.

22 PEARTREE ROAD Sold Prices

Land registry data shows four sales for 22 PEARTREE ROAD 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 22 PEARTREE ROAD 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
2016 27 MAY	£235,000	£198,268	19% above HPI
2005 26 MAY	£131,000	£129,890	1% above HPI
2002 25 MAR	£85,950	£77,243	11% above HPI
1999 26 NOV	£63,500	£55,024	15% above HPI

22 PEARTREE ROAD 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 22 PEARTREE ROAD sales between November 1999 and May 2016 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 2005 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the May 2016 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 22 PEARTREE ROAD be worth now?

22 PEARTREE ROAD might now be worth an estimated £311,547.

This is based on house price inflation of 32.6%, between May 2016 and May 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 32.6% inflationary increase is applied to the most recent sale price for 22 PEARTREE ROAD of £235,000 on 27th May 2016. For the value to have increased from £235,000 to £311,547 over the ten years to May 2026, the following assumptions must hold true:

• The value of 22 PEARTREE ROAD has moved in line with the HPI for terraced houses in the Luton local authority area.
• The May 2016 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 22 PEARTREE ROAD has not materially changed since May 2016.

How Large is 22 PEARTREE ROAD?

22 PEARTREE ROAD is 59m² according to the EPC inspection conducted in January 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 22 PEARTREE ROAD lies on this distribution: 2% of terraced houses houses are smaller than 22 PEARTREE ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Luton.

22 PEARTREE ROAD: Plot and Title Map

22 PEARTREE ROAD sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 22 PEARTREE ROAD, 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 22 PEARTREE ROAD). 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 22 PEARTREE ROAD?

22 PEARTREE ROAD is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 22 on PEARTREE ROAD.