5, LIME AVENUE, LUTON, LU4 0EG - £420,000

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.

5 LIME AVENUE is a very small terraced house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £417,832. It was last sold for £420,000 in January 2023, which was around 59% above the average January 2023 terraced price in the Luton local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

5 LIME AVENUE Sold Prices

Land registry data shows three sales for 5 LIME AVENUE 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 5 LIME AVENUE 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
2023 16 JAN	£420,000	£264,214	59% above HPI
2018 25 MAY	£285,000	£219,543	30% above HPI
2013 27 SEP	£157,000	£141,333	11% above HPI

5 LIME AVENUE 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 5 LIME AVENUE sales between September 2013 and January 2023 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 May 2018 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the January 2023 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

What might 5 LIME AVENUE be worth now?

5 LIME AVENUE might now be worth an estimated £417,832.

This is based on house price deflation of 0.5%, between January 2023 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 0.5% deflationary decrease is applied to the most recent sale price for 5 LIME AVENUE of £420,000 on 16th January 2023. For the value to have decreased from £420,000 to £417,832 over the two years and eight months to May 2026, the following assumptions must hold true:

• The value of 5 LIME AVENUE has moved in line with the HPI for terraced houses in the Luton local authority area.
• The January 2023 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LIME AVENUE has not materially changed since January 2023.

How Large is 5 LIME AVENUE?

5 LIME AVENUE is 85m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 20% 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 5 LIME AVENUE lies on this distribution: 19% of terraced houses houses are smaller than 5 LIME AVENUE, and 80% of houses are larger. Note that EPC data is not available for all properties in Luton.

5 LIME AVENUE: Plot and Title Map

5 LIME AVENUE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 5 LIME AVENUE, 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 5 LIME AVENUE). 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 5 LIME AVENUE?

5 LIME AVENUE is located in LUTON, in the LU4 postcode district. The below map shows the position of No. 5 on LIME AVENUE.