2, CHERRY GATE GARDENS, LUTON, LU1 3FZ - £370,000

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.

2 CHERRY GATE GARDENS is a small detached house of 91m², built in 2016, which could now be worth an estimated £432,013. It was last sold for £370,000 in January 2018, which was around 9% below the average January 2018 detached price in the Luton local authority area. The most recent EPC inspection was July 2017, where the current energy rating was B, and the potential energy rating was A.

2 CHERRY GATE GARDENS Sold Prices

Land registry data shows one sale for 2 CHERRY GATE GARDENS since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Luton local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 3 JAN	£370,000	£405,812	9% below HPI

What might 2 CHERRY GATE GARDENS be worth now?

2 CHERRY GATE GARDENS might now be worth an estimated £432,013.

This is based on house price inflation of 16.8%, between January 2018 and July 2026, 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 16.8% inflationary increase is applied to the most recent sale price for 2 CHERRY GATE GARDENS of £370,000 on 3rd January 2018. For the value to have increased from £370,000 to £432,013 over the seven years and six months to July 2026, the following assumptions must hold true:

• The value of 2 CHERRY GATE GARDENS has moved in line with the HPI for detached houses in the Luton local authority area.
• The January 2018 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHERRY GATE GARDENS has not materially changed since January 2018.

How Large is 2 CHERRY GATE GARDENS?

2 CHERRY GATE GARDENS is 91m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 30% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 2 CHERRY GATE GARDENS lies on this distribution: 27% of detached houses are smaller than 2 CHERRY GATE GARDENS, and 72% of detached houses are larger. Note that EPC data is not available for all properties in Luton.

2 CHERRY GATE GARDENS: Plot

2 CHERRY GATE GARDENS sits on a plot of roughly 0.070 of an acre, or 282m².

Where is 2 CHERRY GATE GARDENS?

2 CHERRY GATE GARDENS is located in LUTON, in the LU1 postcode district.