27, MORRELL CLOSE, LUTON, LU3 3XB - £88,500

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.

27 MORRELL CLOSE is a detached house, which could now be worth an estimated £427,835. It was last sold for £88,500 in May 1999, which was around 9% below the average May 1999 detached price in the Luton local authority area.

27 MORRELL CLOSE Sold Prices

Land registry data shows two sales for 27 MORRELL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Luton local authority area for the corresponding sale date. Both of the two 27 MORRELL CLOSE 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
1999 7 MAY	£88,500	£97,736	9% below HPI
1996 22 FEB	£65,500	£73,436	11% below HPI

What might 27 MORRELL CLOSE be worth now?

27 MORRELL CLOSE might now be worth an estimated £427,835.

This is based on house price inflation of 383.4%, between May 1999 and April 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 383.4% inflationary increase is applied to the most recent sale price for 27 MORRELL CLOSE of £88,500 on 7th May 1999. For the value to have increased from £88,500 to £427,835 over the 27 years and one month to April 2026, the following assumptions must hold true:

• The value of 27 MORRELL CLOSE has moved in line with the HPI for detached houses in the Luton local authority area.
• The May 1999 sale price of £88,500 represented a fair market value for the property.
• The size, condition, and specification of 27 MORRELL CLOSE has not materially changed since May 1999.

Where is 27 MORRELL CLOSE?

27 MORRELL CLOSE is located in LUTON, in the LU3 postcode district.