1B, OAK ROAD, LUTON, LU4 8AA - £60,000

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.

1B OAK ROAD is a small flat of 43m², built sometime between 1976 and 1982, which could now be worth an estimated £65,262. It was last sold for £60,000 in December 2019, which was around 59% below the average December 2019 flat price in the Luton local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was C.

1B OAK ROAD Sold Prices

Land registry data shows two sales for 1B OAK ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Luton local authority area for the corresponding sale date. Both of the two 1B OAK ROAD 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
2019 19 DEC	£60,000	£145,699	59% below HPI
2016 12 MAY	£67,500	£140,935	52% below HPI

What might 1B OAK ROAD be worth now?

1B OAK ROAD might now be worth an estimated £65,262.

This is based on house price inflation of 8.8%, between December 2019 and May 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 8.8% inflationary increase is applied to the most recent sale price for 1B OAK ROAD of £60,000 on 19th December 2019. For the value to have increased from £60,000 to £65,262 over the seven years and seven months to May 2026, the following assumptions must hold true:

• The value of 1B OAK ROAD has moved in line with the HPI for flats in the Luton local authority area.
• The December 2019 sale price of £60,000 represented a fair market value for the property.
• The size, condition, and specification of 1B OAK ROAD has not materially changed since December 2019.

How Large is 1B OAK ROAD?

1B OAK ROAD is 43m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 30% of flats in Luton, based on EPC data. 28% of flats are smaller than 1B OAK ROAD, and 70% of flats are larger. Note that EPC data is not available for all properties in Luton.

1B OAK ROAD: Plot

1B OAK ROAD sits on a plot of roughly 0.033 of an acre, or 135m².

Where is 1B OAK ROAD?

1B OAK ROAD is located in LUTON, in the LU4 postcode district.