41, CADES CLOSE, LUTON, LU1 5QQ - £85,000

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.

41 CADES CLOSE is a large extended semi-detached house of 140m², built sometime between 1950 and 1966, which could now be worth an estimated £311,789. It was last sold for £85,000 in May 2001, which was around 5% below the average May 2001 semi-detached price in the Luton local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

41 CADES CLOSE Sold Prices

Land registry data shows two sales for 41 CADES CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Luton local authority area for the corresponding sale date. Both of the two 41 CADES 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
2001 18 MAY	£85,000	£89,433	5% below HPI
1998 31 MAR	£55,000	£55,773	1% below HPI

41 CADES CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Luton local authority area over time, sourced from the HPI. The two 41 CADES CLOSE sales from March 1998 and May 2001 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 1998 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the May 2001 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 41 CADES CLOSE be worth now?

41 CADES CLOSE might now be worth an estimated £311,789.

This is based on house price inflation of 266.8%, between May 2001 and May 2026, for semi-detached 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 266.8% inflationary increase is applied to the most recent sale price for 41 CADES CLOSE of £85,000 on 18th May 2001. For the value to have increased from £85,000 to £311,789 over the 25 years to May 2026, the following assumptions must hold true:

• The value of 41 CADES CLOSE has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The May 2001 sale price of £85,000 represented a fair market value for the property.
• The size, condition, and specification of 41 CADES CLOSE has not materially changed since May 2001.

How Large is 41 CADES CLOSE?

41 CADES CLOSE is 140m², which includes two extensions, according to the EPC inspection conducted in September 2017. This puts it in the largest 20% of semi-detached houses houses in Luton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Luton, and where 41 CADES CLOSE lies on this distribution: 80% of semi-detached houses houses are smaller than 41 CADES CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Luton.

41 CADES CLOSE: Plot and Title Map

41 CADES CLOSE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 41 CADES 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 41 CADES 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 41 CADES CLOSE?

41 CADES CLOSE is located in LUTON, in the LU1 postcode district. The below map shows the position of No. 41 on CADES CLOSE.