3, MELFORD CLOSE, LUTON, LU2 9SN - £385,000

3 MELFORD CLOSE is a midsized extended detached house of 108m², built sometime between 1983 and 1990. It was last sold for £385,000 in August 2019, which was around 2% below the average August 2019 detached price in the Luton local authority area. The most recent EPC inspection was April 2019, where the current energy rating was C, and the potential energy rating was B.

3 MELFORD CLOSE Sold Prices

Land registry data shows five sales for 3 MELFORD CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Luton local authority area for the corresponding sale date. Most of the five 3 MELFORD 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
2019 9 AUG	£385,000	£391,983	2% below HPI
2016 11 MAY	£375,000	£358,677	5% above HPI
2008 18 DEC	£250,000	£226,098	11% above HPI
2008 28 NOV	£245,000	£238,178	3% above HPI
2003 16 OCT	£228,000	£218,350	4% above HPI

3 MELFORD 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 five 3 MELFORD CLOSE sales between October 2003 and August 2019 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 2016 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the August 2019 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 3 MELFORD CLOSE?

3 MELFORD CLOSE is 108m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the largest 50% 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 MELFORD CLOSE lies on this distribution: 50% of detached houses are smaller than 3 MELFORD CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Luton.

3 MELFORD CLOSE: Plot and Title Map

3 MELFORD CLOSE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 3 MELFORD 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 MELFORD 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 MELFORD CLOSE?

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