3, MORRELL CLOSE, LUTON, LU3 3XB - £208,000

3 MORRELL CLOSE is a very small detached house of 79m², built sometime between 1991 and 1995. It was last sold for £208,000 in April 2012, which was around 13% below the average April 2012 detached price in the Luton local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was C.

3 MORRELL CLOSE Sold Prices

Land registry data shows two sales for 3 MORRELL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Luton local authority area for the corresponding sale date. Both of the two 3 MORRELL CLOSE 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
2012 26 APR	£208,000	£240,212	13% below HPI
2002 21 AUG	£157,500	£179,158	12% below HPI

3 MORRELL 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 two 3 MORRELL CLOSE sales from August 2002 and April 2012 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 August 2002 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the April 2012 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 3 MORRELL CLOSE?

3 MORRELL CLOSE is 79m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 20% 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 MORRELL CLOSE lies on this distribution: 14% of detached houses are smaller than 3 MORRELL CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Luton.

3 MORRELL CLOSE: Plot and Title Map

3 MORRELL CLOSE sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 3 MORRELL 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 MORRELL 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 MORRELL CLOSE?

3 MORRELL CLOSE is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 3 on MORRELL CLOSE.