56, COLWELL RISE, LUTON, LU2 9UA - £366,500

56 COLWELL RISE is a very small detached house of 84m², built sometime between 1983 and 1990. It was last sold for £366,500 in March 2022, which was around 20% below the average March 2022 detached price in the Luton local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

56 COLWELL RISE Sold Prices

Land registry data shows three sales for 56 COLWELL RISE 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 56 COLWELL RISE 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
2022 10 MAR	£366,500	£457,834	20% below HPI
1999 30 NOV	£107,000	£110,237	3% below HPI
1996 11 OCT	£74,000	£75,987	3% below HPI

56 COLWELL RISE 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 56 COLWELL RISE sales between October 1996 and March 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 November 1999 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 56 COLWELL RISE?

56 COLWELL RISE is 84m² according to the EPC inspection conducted in November 2021. 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 56 COLWELL RISE lies on this distribution: 18% of detached houses are smaller than 56 COLWELL RISE, and 81% of houses are larger. Note that EPC data is not available for all properties in Luton.

56 COLWELL RISE: Plot and Title Map

56 COLWELL RISE sits on a plot of roughly 0.045 of an acre, or 182m². The below map shows the location of 56 COLWELL RISE, 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 56 COLWELL RISE). 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 56 COLWELL RISE?

56 COLWELL RISE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 56 on COLWELL RISE.