3, BINHAM CLOSE, LUTON, LU2 7AR - £385,000

3 BINHAM CLOSE is a large extended detached house of 120m², built sometime between 1976 and 1982. It was last sold for £385,000 in May 2016, which was around 7% above the average May 2016 detached price in the Luton local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

3 BINHAM CLOSE Sold Prices

Land registry data shows four sales for 3 BINHAM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Luton local authority area for the corresponding sale date. All of the four 3 BINHAM 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
2016 25 MAY	£385,000	£358,677	7% above HPI
2000 31 MAR	£161,000	£117,659	37% above HPI
1998 15 MAY	£128,000	£88,546	45% above HPI
1997 21 MAR	£99,995	£77,137	30% above HPI

3 BINHAM CLOSE 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 four 3 BINHAM CLOSE sales between March 1997 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 March 2000 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the May 2016 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 3 BINHAM CLOSE?

3 BINHAM CLOSE is 120m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the largest 40% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 3 BINHAM CLOSE lies on this distribution: 63% of detached houses are smaller than 3 BINHAM CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Luton.

3 BINHAM CLOSE: Plot and Title Map

3 BINHAM CLOSE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 3 BINHAM 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 3 BINHAM 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 3 BINHAM CLOSE?

3 BINHAM CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 3 on BINHAM CLOSE.