74, MORGAN CLOSE, LUTON, LU4 9GN - £163,000

74 MORGAN CLOSE is a very small extended semi-detached house of 74m², built sometime between 2003 and 2006. It was last sold for £163,000 in February 2013, which was around 34% below the average February 2013 detached price in the Luton local authority area. The most recent EPC inspection was January 2012, where the current energy rating was C, and the potential energy rating was C.

74 MORGAN CLOSE Sold Prices

Land registry data shows three sales for 74 MORGAN CLOSE 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 74 MORGAN CLOSE 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
2013 25 FEB	£163,000	£246,620	34% below HPI
2006 29 SEP	£185,000	£243,629	24% below HPI
2003 31 OCT	£172,000	£218,350	21% below HPI

74 MORGAN CLOSE 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 74 MORGAN CLOSE sales between October 2003 and February 2013 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 2006 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the February 2013 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 74 MORGAN CLOSE?

74 MORGAN CLOSE is 74m², which includes one extension, according to the EPC inspection conducted in January 2012. This puts it in the smallest 10% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 74 MORGAN CLOSE lies on this distribution: 8% of detached houses are smaller than 74 MORGAN CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Luton.

74 MORGAN CLOSE: Plot and Title Map

74 MORGAN CLOSE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 74 MORGAN 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 74 MORGAN 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 74 MORGAN CLOSE?

74 MORGAN CLOSE is located in LUTON, in the LU4 postcode district. The below map shows the position of No. 74 on MORGAN CLOSE.