22, MULLION CLOSE, LUTON, LU2 7XF - £55,000

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.

22 MULLION CLOSE is a very small semi-detached house of 56m², built sometime between 1950 and 1966, which could now be worth an estimated £198,915. It was last sold for £55,000 in June 2001, which was around 39% below the average June 2001 semi-detached price in the Luton local authority area. The most recent EPC inspection was May 2009, where the current energy rating was D, and the potential energy rating was C.

22 MULLION CLOSE Sold Prices

Land registry data shows one sale for 22 MULLION CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average semi-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
2001 29 JUN	£55,000	£90,706	39% below HPI

What might 22 MULLION CLOSE be worth now?

22 MULLION CLOSE might now be worth an estimated £198,915.

This is based on house price inflation of 261.7%, between June 2001 and May 2026, for semi-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 261.7% inflationary increase is applied to the most recent sale price for 22 MULLION CLOSE of £55,000 on 29th June 2001. For the value to have increased from £55,000 to £198,915 over the 25 years and one month to May 2026, the following assumptions must hold true:

• The value of 22 MULLION CLOSE has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The June 2001 sale price of £55,000 represented a fair market value for the property.
• The size, condition, and specification of 22 MULLION CLOSE has not materially changed since June 2001.

How Large is 22 MULLION CLOSE?

22 MULLION CLOSE is 56m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 10% of semi-detached houses in Luton, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Luton, and where 22 MULLION CLOSE lies on this distribution: 7% of semi-detached houses are smaller than 22 MULLION CLOSE, and 93% of semi-detached houses are larger. Note that EPC data is not available for all properties in Luton.

22 MULLION CLOSE: Plot

22 MULLION CLOSE sits on a plot of roughly 1.4 acres, or 5,575m².

Where is 22 MULLION CLOSE?

22 MULLION CLOSE is located in LUTON, in the LU2 postcode district.