48, THE MAGPIES, LUTON, LU2 7XT - £54,500

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.

48 THE MAGPIES is a very small terraced house of 55m², built sometime between 1991 and 1995, which could now be worth an estimated £286,977. It was last sold for £54,500 in March 1999, which was around 10% above the average March 1999 terraced price in the Luton local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

48 THE MAGPIES Sold Prices

Land registry data shows two sales for 48 THE MAGPIES 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. Both of the two 48 THE MAGPIES 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
1999 24 MAR	£54,500	£49,518	10% above HPI
1995 31 JAN	£42,000	£39,491	6% above HPI

48 THE MAGPIES 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 48 THE MAGPIES sales from January 1995 and March 1999 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 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the March 1999 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 48 THE MAGPIES be worth now?

48 THE MAGPIES might now be worth an estimated £286,977.

This is based on house price inflation of 426.6%, between March 1999 and October 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 426.6% inflationary increase is applied to the most recent sale price for 48 THE MAGPIES of £54,500 on 24th March 1999. For the value to have increased from £54,500 to £286,977 over the 25 years and five months to October 2025, the following assumptions must hold true:

• The value of 48 THE MAGPIES has moved in line with the HPI for terraced houses in the Luton local authority area.
• The March 1999 sale price of £54,500 represented a fair market value for the property.
• The size, condition, and specification of 48 THE MAGPIES has not materially changed since March 1999.

How Large is 48 THE MAGPIES?

48 THE MAGPIES is 55m² according to the EPC inspection conducted in January 2023. 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 48 THE MAGPIES lies on this distribution: 1% of terraced houses houses are smaller than 48 THE MAGPIES, and 99% of houses are larger. Note that EPC data is not available for all properties in Luton.

48 THE MAGPIES: Plot and Title Map

48 THE MAGPIES sits on a plot of roughly 0.030 of an acre, or 120m². The below map shows the location of 48 THE MAGPIES, 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 48 THE MAGPIES). 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 48 THE MAGPIES?

48 THE MAGPIES is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 48 on THE MAGPIES.