86, MORGAN CLOSE, LUTON, LU4 9GN - £162,500

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.

86 MORGAN CLOSE is a very small terraced house of 80m², built sometime between 2003 and 2006, which could now be worth an estimated £324,490. It was last sold for £162,500 in May 2011, which was around 24% above the average May 2011 terraced price in the Luton local authority area. The most recent EPC inspection was May 2009, where the current energy rating was C, and the potential energy rating was C.

86 MORGAN CLOSE Sold Prices

Land registry data shows two sales for 86 MORGAN CLOSE 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 86 MORGAN 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
2011 27 MAY	£162,500	£130,577	24% above HPI
2003 29 AUG	£175,000	£112,404	56% above HPI

86 MORGAN 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 two 86 MORGAN CLOSE sales from August 2003 and May 2011 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 August 2003 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the May 2011 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 86 MORGAN CLOSE be worth now?

86 MORGAN CLOSE might now be worth an estimated £324,490.

This is based on house price inflation of 99.7%, between May 2011 and October 2025, 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 99.7% inflationary increase is applied to the most recent sale price for 86 MORGAN CLOSE of £162,500 on 27th May 2011. For the value to have increased from £162,500 to £324,490 over the thirteen years and seven months to October 2025, the following assumptions must hold true:

• The value of 86 MORGAN CLOSE has moved in line with the HPI for terraced houses in the Luton local authority area.
• The May 2011 sale price of £162,500 represented a fair market value for the property.
• The size, condition, and specification of 86 MORGAN CLOSE has not materially changed since May 2011.

How Large is 86 MORGAN CLOSE?

86 MORGAN CLOSE is 80m² according to the EPC inspection conducted in May 2009. 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 86 MORGAN CLOSE lies on this distribution: 14% of terraced houses houses are smaller than 86 MORGAN CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Luton.

86 MORGAN CLOSE: Plot and Title Map

86 MORGAN CLOSE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 86 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 86 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 86 MORGAN CLOSE?

86 MORGAN CLOSE is located in LUTON, in the LU4 postcode district. The below map shows the position of No. 86 on MORGAN CLOSE.