40, CHESFORD ROAD, LUTON, LU2 8BE - £227,000

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.

40 CHESFORD ROAD is a very small terraced house of 59m², built sometime between 1930 and 1949, which could now be worth an estimated £273,511. It was last sold for £227,000 in June 2017, which was around 4% above the average June 2017 terraced price in the Luton local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

40 CHESFORD ROAD Sold Prices

Land registry data shows two sales for 40 CHESFORD ROAD 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. One of the two 40 CHESFORD ROAD sales was for above the average price, whilst the other was 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
2017 22 JUN	£227,000	£218,152	4% above HPI
1995 24 JAN	£32,500	£39,491	18% below HPI

40 CHESFORD ROAD 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 40 CHESFORD ROAD sales from January 1995 and June 2017 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 January 1995 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2017 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 40 CHESFORD ROAD be worth now?

40 CHESFORD ROAD might now be worth an estimated £273,511.

This is based on house price inflation of 20.5%, between June 2017 and May 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 20.5% inflationary increase is applied to the most recent sale price for 40 CHESFORD ROAD of £227,000 on 22nd June 2017. For the value to have increased from £227,000 to £273,511 over the nine years and one month to May 2026, the following assumptions must hold true:

• The value of 40 CHESFORD ROAD has moved in line with the HPI for terraced houses in the Luton local authority area.
• The June 2017 sale price of £227,000 represented a fair market value for the property.
• The size, condition, and specification of 40 CHESFORD ROAD has not materially changed since June 2017.

How Large is 40 CHESFORD ROAD?

40 CHESFORD ROAD is 59m² according to the EPC inspection conducted in February 2017. 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 40 CHESFORD ROAD lies on this distribution: 2% of terraced houses houses are smaller than 40 CHESFORD ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Luton.

40 CHESFORD ROAD: Plot and Title Map

40 CHESFORD ROAD sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 40 CHESFORD ROAD, 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 40 CHESFORD ROAD). 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 40 CHESFORD ROAD?

40 CHESFORD ROAD is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 40 on CHESFORD ROAD.