5, MORRELL CLOSE, LUTON, LU3 3XB - £290,000

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 MORRELL CLOSE is a detached house, which could now be worth an estimated £526,882. It was last sold for £290,000 in June 2008, which was around 12% above the average June 2008 detached price in the Luton local authority area.

5 MORRELL CLOSE Sold Prices

Land registry data shows four sales for 5 MORRELL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Luton local authority area for the corresponding sale date. Most of the four 5 MORRELL 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
2008 6 JUN	£290,000	£260,059	12% above HPI
2001 17 DEC	£140,000	£153,079	9% below HPI
2000 8 FEB	£113,000	£114,316	1% below HPI
1997 27 FEB	£74,500	£75,439	1% below HPI

What might 5 MORRELL CLOSE be worth now?

5 MORRELL CLOSE might now be worth an estimated £526,882.

This is based on house price inflation of 81.7%, between June 2008 and April 2026, for 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 81.7% inflationary increase is applied to the most recent sale price for 5 MORRELL CLOSE of £290,000 on 6th June 2008. For the value to have increased from £290,000 to £526,882 over the eighteen years and two months to April 2026, the following assumptions must hold true:

• The value of 5 MORRELL CLOSE has moved in line with the HPI for detached houses in the Luton local authority area.
• The June 2008 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MORRELL CLOSE has not materially changed since June 2008.

Where is 5 MORRELL CLOSE?

5 MORRELL CLOSE is located in LUTON, in the LU3 postcode district.