8, BINHAM CLOSE, LUTON, LU2 7AR - £350,000

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.

8 BINHAM CLOSE is a very small detached house of 70m², built sometime between 1983 and 1990, which could now be worth an estimated £425,593. It was last sold for £350,000 in November 2016, which was around 8% below the average November 2016 detached price in the Luton local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

8 BINHAM CLOSE Sold Prices

Land registry data shows three sales for 8 BINHAM 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. The three 8 BINHAM CLOSE sales were a mix of below the average price, and roughly equal to 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
2016 17 NOV	£350,000	£379,048	8% below HPI
2010 19 FEB	£235,000	£235,120	Close to HPI
2003 17 OCT	£208,000	£217,070	4% below HPI

8 BINHAM 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 8 BINHAM CLOSE sales between October 2003 and November 2016 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 February 2010 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the November 2016 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 8 BINHAM CLOSE be worth now?

8 BINHAM CLOSE might now be worth an estimated £425,593.

This is based on house price inflation of 21.6%, between November 2016 and October 2025, for detached 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 21.6% inflationary increase is applied to the most recent sale price for 8 BINHAM CLOSE of £350,000 on 17th November 2016. For the value to have increased from £350,000 to £425,593 over the nine years and one month to October 2025, the following assumptions must hold true:

• The value of 8 BINHAM CLOSE has moved in line with the HPI for detached houses in the Luton local authority area.
• The November 2016 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 8 BINHAM CLOSE has not materially changed since November 2016.

How Large is 8 BINHAM CLOSE?

8 BINHAM CLOSE is 70m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 10% of detached houses houses in Luton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Luton, and where 8 BINHAM CLOSE lies on this distribution: 6% of detached houses houses are smaller than 8 BINHAM CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Luton.

8 BINHAM CLOSE: Plot and Title Map

8 BINHAM CLOSE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 8 BINHAM 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 8 BINHAM 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 8 BINHAM CLOSE?

8 BINHAM CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 8 on BINHAM CLOSE.