22, SHANKLIN CLOSE, LUTON, LU3 3UH - £295,000

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 SHANKLIN CLOSE is a small detached house of 96m², built sometime between 1976 and 1982, which could now be worth an estimated £341,471. It was last sold for £295,000 in March 2018, which was around 27% below the average March 2018 detached price in the Luton local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was B.

22 SHANKLIN CLOSE Sold Prices

Land registry data shows one sale for 22 SHANKLIN CLOSE 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 21 MAR	£295,000	£405,763	27% below HPI

What might 22 SHANKLIN CLOSE be worth now?

22 SHANKLIN CLOSE might now be worth an estimated £341,471.

This is based on house price inflation of 15.8%, between March 2018 and May 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 15.8% inflationary increase is applied to the most recent sale price for 22 SHANKLIN CLOSE of £295,000 on 21st March 2018. For the value to have increased from £295,000 to £341,471 over the seven years and ten months to May 2026, the following assumptions must hold true:

• The value of 22 SHANKLIN CLOSE has moved in line with the HPI for detached houses in the Luton local authority area.
• The March 2018 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 22 SHANKLIN CLOSE has not materially changed since March 2018.

How Large is 22 SHANKLIN CLOSE?

22 SHANKLIN CLOSE is 96m² according to the EPC inspection conducted in December 2017. This puts it in the smallest 40% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 22 SHANKLIN CLOSE lies on this distribution: 33% of detached houses are smaller than 22 SHANKLIN CLOSE, and 66% of detached houses are larger. Note that EPC data is not available for all properties in Luton.

22 SHANKLIN CLOSE: Plot

22 SHANKLIN CLOSE sits on a plot of roughly 0.126 of an acre, or 508m².

Where is 22 SHANKLIN CLOSE?

22 SHANKLIN CLOSE is located in LUTON, in the LU3 postcode district.