42, CROMER WAY, LUTON, LU2 7EE - £182,500

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.

42 CROMER WAY is a very small terraced house of 41m², built sometime between 1991 and 1995, which could now be worth an estimated £215,740. It was last sold for £182,500 in July 2018, which was around 17% below the average July 2018 terraced price in the Luton local authority area. The most recent EPC inspection was June 2009, where the current energy rating was C, and the potential energy rating was C.

42 CROMER WAY Sold Prices

Land registry data shows five sales for 42 CROMER WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Luton local authority area for the corresponding sale date. All of the five 42 CROMER WAY 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 13 JUL	£182,500	£219,972	17% below HPI
2010 19 NOV	£114,000	£135,725	16% below HPI
2005 21 NOV	£112,000	£131,385	15% below HPI
2000 30 OCT	£63,000	£65,282	3% below HPI
1998 20 NOV	£42,250	£46,431	9% below HPI

42 CROMER WAY 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 five 42 CROMER WAY sales between November 1998 and July 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 November 2010 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2018 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 42 CROMER WAY be worth now?

42 CROMER WAY might now be worth an estimated £215,740.

This is based on house price inflation of 18.2%, between July 2018 and July 2025, 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 18.2% inflationary increase is applied to the most recent sale price for 42 CROMER WAY of £182,500 on 13th July 2018. For the value to have increased from £182,500 to £215,740 over the seven years to July 2025, the following assumptions must hold true:

• The value of 42 CROMER WAY has moved in line with the HPI for terraced houses in the Luton local authority area.
• The July 2018 sale price of £182,500 represented a fair market value for the property.
• The size, condition, and specification of 42 CROMER WAY has not materially changed since July 2018.

How Large is 42 CROMER WAY?

42 CROMER WAY is 41m² according to the EPC inspection conducted in June 2009. 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 42 CROMER WAY lies on this distribution: Less than 1% of terraced houses houses are smaller than 42 CROMER WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Luton.

42 CROMER WAY: Plot and Title Map

42 CROMER WAY sits on a plot of roughly 0.027 of an acre, or 110m². The below map shows the location of 42 CROMER WAY, 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 42 CROMER WAY). 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 42 CROMER WAY?

42 CROMER WAY is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 42 on CROMER WAY.