5, SAFFRON CLOSE, LUTON, LU2 7GF - £205,000

5 SAFFRON CLOSE is a very small extended detached house of 77m², built sometime between 1996 and 2002. It was last sold for £205,000 in June 2012, which was around 35% below the average June 2012 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

5 SAFFRON CLOSE Sold Prices

Land registry data shows three sales for 5 SAFFRON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. All of the three 5 SAFFRON 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
2012 15 JUN	£205,000	£315,242	35% below HPI
2006 30 OCT	£225,000	£312,207	28% below HPI
2001 17 DEC	£142,000	£205,180	31% below HPI

5 SAFFRON CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The three 5 SAFFRON CLOSE sales between December 2001 and June 2012 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 October 2006 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2012 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 5 SAFFRON CLOSE?

5 SAFFRON CLOSE is 77m², which includes two extensions, according to the EPC inspection conducted in January 2012. This puts it in the smallest 20% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 5 SAFFRON CLOSE lies on this distribution: 12% of detached houses are smaller than 5 SAFFRON CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Luton.

5 SAFFRON CLOSE: Plot and Title Map

5 SAFFRON CLOSE sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 5 SAFFRON 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 5 SAFFRON 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 5 SAFFRON CLOSE?

5 SAFFRON CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 5 on SAFFRON CLOSE.