5, WELLGATE ROAD, LUTON, LU4 9TD - £340,000

5 WELLGATE ROAD is a very small detached house of 74m², built sometime between 1950 and 1966. It was last sold for £340,000 in April 2017, which was around 13% below the average April 2017 detached price in the Luton local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was B.

5 WELLGATE ROAD Sold Prices

Land registry data shows three sales for 5 WELLGATE ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Luton local authority area for the corresponding sale date. All of the three 5 WELLGATE ROAD 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
2017 7 APR	£340,000	£390,399	13% below HPI
1998 3 SEP	£71,000	£94,247	25% below HPI
1997 7 MAY	£68,000	£80,559	16% below HPI

5 WELLGATE ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Luton local authority area over time, sourced from the HPI. The three 5 WELLGATE ROAD sales between May 1997 and April 2017 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 September 1998 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the April 2017 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 5 WELLGATE ROAD?

5 WELLGATE ROAD is 74m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 10% 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 WELLGATE ROAD lies on this distribution: 8% of detached houses are smaller than 5 WELLGATE ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Luton.

5 WELLGATE ROAD: Plot and Title Map

5 WELLGATE ROAD sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 5 WELLGATE ROAD, 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 WELLGATE ROAD). 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 WELLGATE ROAD?

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