FLAT 3, GREAT DOWNS, 2B, DOWNS ROAD, LUTON, LU1 1QD - £130,000

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.

FLAT 3 GREAT DOWNS is a very small flat of 37m², built sometime between 1996 and 2002, which could now be worth an estimated £128,342. It was last sold for £130,000 in February 2018, which was around 19% below the average February 2018 flat price in the Luton local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was C.

FLAT 3 GREAT DOWNS Sold Prices

Land registry data shows three sales for FLAT 3 GREAT DOWNS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Luton local authority area for the corresponding sale date. The three FLAT 3 GREAT DOWNS 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
2018 2 FEB	£130,000	£161,046	19% below HPI
2014 31 JAN	£72,000	£101,466	29% below HPI
2006 20 JUN	£109,000	£108,727	Close to HPI

What might FLAT 3 GREAT DOWNS be worth now?

FLAT 3 GREAT DOWNS might now be worth an estimated £128,342.

This is based on house price deflation of 1.3%, between February 2018 and April 2026, for flats, in the Luton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.3% deflationary decrease is applied to the most recent sale price for FLAT 3 GREAT DOWNS of £130,000 on 2nd February 2018. For the value to have decreased from £130,000 to £128,342 over the seven years and ten months to April 2026, the following assumptions must hold true:

• The value of FLAT 3 GREAT DOWNS has moved in line with the HPI for flats in the Luton local authority area.
• The February 2018 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT 3 GREAT DOWNS has not materially changed since February 2018.

How Large is FLAT 3 GREAT DOWNS?

FLAT 3 GREAT DOWNS is 37m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 20% of flats in Luton, based on EPC data. 14% of flats are smaller than FLAT 3 GREAT DOWNS, and 84% of flats are larger. Note that EPC data is not available for all properties in Luton.

FLAT 3 GREAT DOWNS: Plot

FLAT 3 GREAT DOWNS sits on a plot of roughly 0.108 of an acre, or 436m².

Where is FLAT 3 GREAT DOWNS?

FLAT 3, GREAT DOWNS is located on DOWNS ROAD in LUTON, in the LU1 postcode district.