51, THE MAGPIES, LUTON, LU2 7XT - £45,000

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.

51 THE MAGPIES is a very small terraced house of 55m², built sometime between 1983 and 1990, which could now be worth an estimated £273,955. It was last sold for £45,000 in July 1997, which was around 5% above the average July 1997 terraced price in the Luton local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was A.

51 THE MAGPIES Sold Prices

Land registry data shows two sales for 51 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. One of the two 51 THE MAGPIES sales was for above the average price, whilst the other was roughly equal to 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
1997 24 JUL	£45,000	£42,830	5% above HPI
1997 31 JAN	£38,000	£38,011	Close to HPI

51 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 51 THE MAGPIES sales from January 1997 and July 1997 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 1997 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 1997 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 51 THE MAGPIES be worth now?

51 THE MAGPIES might now be worth an estimated £273,955.

This is based on house price inflation of 508.8%, between July 1997 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 508.8% inflationary increase is applied to the most recent sale price for 51 THE MAGPIES of £45,000 on 24th July 1997. For the value to have increased from £45,000 to £273,955 over the 27 years and nine months to October 2025, the following assumptions must hold true:

• The value of 51 THE MAGPIES has moved in line with the HPI for terraced houses in the Luton local authority area.
• The July 1997 sale price of £45,000 represented a fair market value for the property.
• The size, condition, and specification of 51 THE MAGPIES has not materially changed since July 1997.

How Large is 51 THE MAGPIES?

51 THE MAGPIES is 55m² according to the EPC inspection conducted in August 2021. 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 51 THE MAGPIES lies on this distribution: 1% of terraced houses houses are smaller than 51 THE MAGPIES, and 99% of houses are larger. Note that EPC data is not available for all properties in Luton.

51 THE MAGPIES: Plot and Title Map

51 THE MAGPIES sits on a plot of roughly 0.029 of an acre, or 118m². The below map shows the location of 51 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 51 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 51 THE MAGPIES?

51 THE MAGPIES is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 51 on THE MAGPIES.