37, FARMBROOK, LUTON, LU2 7SQ - £253,000

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.

37 FARMBROOK is a very small terraced house of 70m², built sometime between 1983 and 1990, which could now be worth an estimated £304,274. It was last sold for £253,000 in May 2018, which was around 3% above the average May 2018 terraced price in the Central Bedfordshire local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

37 FARMBROOK Sold Prices

Land registry data shows three sales for 37 FARMBROOK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Central Bedfordshire local authority area for the corresponding sale date. All of the three 37 FARMBROOK 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
2018 18 MAY	£253,000	£246,619	3% above HPI
2011 12 JUL	£157,000	£154,710	1% above HPI
2005 13 DEC	£162,000	£149,757	8% above HPI

37 FARMBROOK Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The three 37 FARMBROOK sales between December 2005 and May 2018 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 July 2011 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the May 2018 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 37 FARMBROOK be worth now?

37 FARMBROOK might now be worth an estimated £304,274.

This is based on house price inflation of 20.3%, between May 2018 and May 2026, for terraced 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 20.3% inflationary increase is applied to the most recent sale price for 37 FARMBROOK of £253,000 on 18th May 2018. For the value to have increased from £253,000 to £304,274 over the eight years to May 2026, the following assumptions must hold true:

• The value of 37 FARMBROOK has moved in line with the HPI for terraced houses in the Central Bedfordshire local authority area.
• The May 2018 sale price of £253,000 represented a fair market value for the property.
• The size, condition, and specification of 37 FARMBROOK has not materially changed since May 2018.

How Large is 37 FARMBROOK?

37 FARMBROOK is 70m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% 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 37 FARMBROOK lies on this distribution: 6% of terraced houses houses are smaller than 37 FARMBROOK, and 94% of houses are larger. Note that EPC data is not available for all properties in Luton.

37 FARMBROOK: Plot and Title Map

37 FARMBROOK sits on a plot of roughly 0.050 of an acre, or 204m². The below map shows the location of 37 FARMBROOK, 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 37 FARMBROOK). 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 37 FARMBROOK?

37 FARMBROOK is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 37 on FARMBROOK.