40, IVY ROAD, LUTON, LU1 1DN - £205,000

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 IVY ROAD is a very small extended terraced house of 70m², built sometime before 1900, which could now be worth an estimated £241,362. It was last sold for £205,000 in February 2018, which was around 8% below the average February 2018 terraced price in the Luton local authority area. The most recent EPC inspection was December 2010, where the current energy rating was D, and the potential energy rating was D.

40 IVY ROAD Sold Prices

Land registry data shows three sales for 40 IVY ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Luton local authority area for the corresponding sale date. All of the three 40 IVY ROAD 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
2018 5 FEB	£205,000	£223,251	8% below HPI
2012 20 MAR	£125,000	£136,050	8% below HPI
2006 28 APR	£120,000	£132,943	10% below HPI

40 IVY 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 three 40 IVY ROAD sales between April 2006 and February 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 March 2012 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the February 2018 sale, which was also at 8% below the HPI.

What might 40 IVY ROAD be worth now?

40 IVY ROAD might now be worth an estimated £241,362.

This is based on house price inflation of 17.7%, between February 2018 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 17.7% inflationary increase is applied to the most recent sale price for 40 IVY ROAD of £205,000 on 5th February 2018. For the value to have increased from £205,000 to £241,362 over the seven years and nine months to May 2026, the following assumptions must hold true:

• The value of 40 IVY ROAD has moved in line with the HPI for terraced houses in the Luton local authority area.
• The February 2018 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 40 IVY ROAD has not materially changed since February 2018.

How Large is 40 IVY ROAD?

40 IVY ROAD is 70m², which includes one extension, according to the EPC inspection conducted in December 2010. 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 IVY ROAD lies on this distribution: 6% of terraced houses houses are smaller than 40 IVY ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Luton.

40 IVY ROAD: Plot and Title Map

40 IVY ROAD sits on a plot of roughly 0.026 of an acre, or 106m². The below map shows the location of 40 IVY 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 IVY 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 IVY ROAD?

40 IVY ROAD is located in LUTON, in the LU1 postcode district. The below map shows the position of No. 40 on IVY ROAD.