54, SPRINGFIELD ROAD, LUTON, LU3 2HF - £122,995

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 SPRINGFIELD ROAD is a very small terraced house of 55m², built sometime between 1976 and 1982, which could now be worth an estimated £291,117. It was last sold for £122,995 in October 2003, which was around 10% above the average October 2003 terraced price in the Luton local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

54 SPRINGFIELD ROAD Sold Prices

Land registry data shows two sales for 54 SPRINGFIELD ROAD 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. Both of the two 54 SPRINGFIELD ROAD 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
2003 20 OCT	£122,995	£112,184	10% above HPI
1997 14 NOV	£52,650	£43,801	20% above HPI

54 SPRINGFIELD ROAD 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 54 SPRINGFIELD ROAD sales from November 1997 and October 2003 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 November 1997 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the October 2003 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 54 SPRINGFIELD ROAD be worth now?

54 SPRINGFIELD ROAD might now be worth an estimated £291,117.

This is based on house price inflation of 136.7%, between October 2003 and July 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 136.7% inflationary increase is applied to the most recent sale price for 54 SPRINGFIELD ROAD of £122,995 on 20th October 2003. For the value to have increased from £122,995 to £291,117 over the 23 years and three months to July 2026, the following assumptions must hold true:

• The value of 54 SPRINGFIELD ROAD has moved in line with the HPI for terraced houses in the Luton local authority area.
• The October 2003 sale price of £122,995 represented a fair market value for the property.
• The size, condition, and specification of 54 SPRINGFIELD ROAD has not materially changed since October 2003.

How Large is 54 SPRINGFIELD ROAD?

54 SPRINGFIELD ROAD is 55m² according to the EPC inspection conducted in January 2022. 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 54 SPRINGFIELD ROAD lies on this distribution: 1% of terraced houses houses are smaller than 54 SPRINGFIELD ROAD, and 99% of houses are larger. Note that EPC data is not available for all properties in Luton.

54 SPRINGFIELD ROAD: Plot and Title Map

54 SPRINGFIELD ROAD sits on a plot of roughly 0.031 of an acre, or 124m². The below map shows the location of 54 SPRINGFIELD 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 54 SPRINGFIELD 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 54 SPRINGFIELD ROAD?

54 SPRINGFIELD ROAD is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 54 on SPRINGFIELD ROAD.