54, BUCHANAN DRIVE, LUTON, LU2 0RT - £267,500

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.

54 BUCHANAN DRIVE is a very small terraced house of 80m², built sometime between 1967 and 1975, which could now be worth an estimated £281,094. It was last sold for £267,500 in April 2022, which was around 6% above the average April 2022 terraced price in the Luton local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was C.

54 BUCHANAN DRIVE Sold Prices

Land registry data shows five sales for 54 BUCHANAN DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Luton local authority area for the corresponding sale date. All of the five 54 BUCHANAN DRIVE 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
2022 5 APR	£267,500	£251,304	6% above HPI
2014 13 OCT	£160,000	£157,078	2% above HPI
2005 9 SEP	£145,000	£132,975	9% above HPI
2003 12 JUN	£129,000	£110,028	17% above HPI
2001 14 DEC	£84,995	£75,977	12% above HPI

54 BUCHANAN DRIVE 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 five 54 BUCHANAN DRIVE sales between December 2001 and April 2022 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 2014 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the April 2022 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 54 BUCHANAN DRIVE be worth now?

54 BUCHANAN DRIVE might now be worth an estimated £281,094.

This is based on house price inflation of 5.1%, between April 2022 and April 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 5.1% inflationary increase is applied to the most recent sale price for 54 BUCHANAN DRIVE of £267,500 on 5th April 2022. For the value to have increased from £267,500 to £281,094 over the four years to April 2026, the following assumptions must hold true:

• The value of 54 BUCHANAN DRIVE has moved in line with the HPI for terraced houses in the Luton local authority area.
• The April 2022 sale price of £267,500 represented a fair market value for the property.
• The size, condition, and specification of 54 BUCHANAN DRIVE has not materially changed since April 2022.

How Large is 54 BUCHANAN DRIVE?

54 BUCHANAN DRIVE is 80m² according to the EPC inspection conducted in March 2014. 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 54 BUCHANAN DRIVE lies on this distribution: 14% of terraced houses houses are smaller than 54 BUCHANAN DRIVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Luton.

54 BUCHANAN DRIVE: Plot and Title Map

54 BUCHANAN DRIVE sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 54 BUCHANAN DRIVE, 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 54 BUCHANAN DRIVE). 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 54 BUCHANAN DRIVE?

54 BUCHANAN DRIVE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 54 on BUCHANAN DRIVE.