3, THYME CLOSE, LUTON, LU2 7GG - £320,000

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.

3 THYME CLOSE is a very small detached house of 77m², built sometime between 1996 and 2002, which could now be worth an estimated £383,312. It was last sold for £320,000 in March 2019, which was around 38% below the average March 2019 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

3 THYME CLOSE Sold Prices

Land registry data shows three sales for 3 THYME CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. All of the three 3 THYME 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
2019 15 MAR	£320,000	£519,781	38% below HPI
2000 29 AUG	£149,000	£183,602	19% below HPI
1996 16 DEC	£89,995	£105,981	15% below HPI

3 THYME CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The three 3 THYME CLOSE sales between December 1996 and March 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 August 2000 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2019 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 3 THYME CLOSE be worth now?

3 THYME CLOSE might now be worth an estimated £383,312.

This is based on house price inflation of 19.8%, between March 2019 and March 2025, for detached houses, in the Central Bedfordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.8% inflationary increase is applied to the most recent sale price for 3 THYME CLOSE of £320,000 on 15th March 2019. For the value to have increased from £320,000 to £383,312 over the six years to March 2025, the following assumptions must hold true:

• The value of 3 THYME CLOSE has moved in line with the HPI for detached houses in the Central Bedfordshire local authority area.
• The March 2019 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THYME CLOSE has not materially changed since March 2019.

How Large is 3 THYME CLOSE?

3 THYME CLOSE is 77m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 20% of detached houses houses in Luton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Luton, and where 3 THYME CLOSE lies on this distribution: 11% of detached houses houses are smaller than 3 THYME CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Luton.

3 THYME CLOSE: Plot and Title Map

3 THYME CLOSE sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of 3 THYME 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 THYME 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 THYME CLOSE?

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