31, THE CLOSE, LUTON, LU3 2LR - £280,000

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.

31 THE CLOSE is a small extended terraced house of 90m², built sometime between 1950 and 1966, which could now be worth an estimated £338,840. It was last sold for £280,000 in October 2020, which was around 28% above the average October 2020 terraced price in the Luton local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

31 THE CLOSE Sold Prices

Land registry data shows two sales for 31 THE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Luton local authority area for the corresponding sale date. Both of the two 31 THE 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
2020 9 OCT	£280,000	£218,218	28% above HPI
2006 10 NOV	£167,000	£141,676	18% above HPI

31 THE CLOSE 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 two 31 THE CLOSE sales from November 2006 and October 2020 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 November 2006 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the October 2020 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 31 THE CLOSE be worth now?

31 THE CLOSE might now be worth an estimated £338,840.

This is based on house price inflation of 21%, between October 2020 and April 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 21% inflationary increase is applied to the most recent sale price for 31 THE CLOSE of £280,000 on 9th October 2020. For the value to have increased from £280,000 to £338,840 over the six years and six months to April 2026, the following assumptions must hold true:

• The value of 31 THE CLOSE has moved in line with the HPI for terraced houses in the Luton local authority area.
• The October 2020 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 31 THE CLOSE has not materially changed since October 2020.

How Large is 31 THE CLOSE?

31 THE CLOSE is 90m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 30% 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 31 THE CLOSE lies on this distribution: 26% of terraced houses houses are smaller than 31 THE CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Luton.

31 THE CLOSE: Plot and Title Map

31 THE CLOSE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 31 THE 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 31 THE 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 31 THE CLOSE?

31 THE CLOSE is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 31 on THE CLOSE.