58, CADES CLOSE, LUTON, LU1 5QQ - £145,000

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.

58 CADES CLOSE is a very small terraced house of 85m², built sometime between 1950 and 1966, which could now be worth an estimated £276,504. It was last sold for £145,000 in July 2012, which was around 5% above the average July 2012 terraced price in the Luton local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

58 CADES CLOSE Sold Prices

Land registry data shows five sales for 58 CADES CLOSE 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. Most of the five 58 CADES CLOSE 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
2012 18 JUL	£145,000	£137,840	5% above HPI
2005 23 SEP	£142,000	£132,975	7% above HPI
2004 3 JUN	£120,000	£122,747	2% below HPI
2001 20 APR	£81,000	£68,482	18% above HPI
2000 11 AUG	£52,000	£64,884	20% below HPI

58 CADES CLOSE 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 58 CADES CLOSE sales between August 2000 and July 2012 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 2005 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the July 2012 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 58 CADES CLOSE be worth now?

58 CADES CLOSE might now be worth an estimated £276,504.

This is based on house price inflation of 90.7%, between July 2012 and May 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 90.7% inflationary increase is applied to the most recent sale price for 58 CADES CLOSE of £145,000 on 18th July 2012. For the value to have increased from £145,000 to £276,504 over the fourteen years and two months to May 2026, the following assumptions must hold true:

• The value of 58 CADES CLOSE has moved in line with the HPI for terraced houses in the Luton local authority area.
• The July 2012 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 58 CADES CLOSE has not materially changed since July 2012.

How Large is 58 CADES CLOSE?

58 CADES CLOSE is 85m² according to the EPC inspection conducted in October 2013. 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 58 CADES CLOSE lies on this distribution: 19% of terraced houses houses are smaller than 58 CADES CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Luton.

58 CADES CLOSE: Plot and Title Map

58 CADES CLOSE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 58 CADES CLOSE, 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 58 CADES CLOSE). 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 58 CADES CLOSE?

58 CADES CLOSE is located in LUTON, in the LU1 postcode district. The below map shows the position of No. 58 on CADES CLOSE.