31, LORIMER CLOSE, LUTON, LU2 7RL - £225,000

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.

31 LORIMER CLOSE is a detached house, which could now be worth an estimated £400,523. It was last sold for £225,000 in March 2008, which was around 15% below the average March 2008 detached price in the Luton local authority area.

31 LORIMER CLOSE Sold Prices

Land registry data shows three sales for 31 LORIMER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Luton local authority area for the corresponding sale date. Two of the three 31 LORIMER CLOSE sales were for below the average price, whilst one was for above 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
2008 25 MAR	£225,000	£265,425	15% below HPI
2002 15 MAR	£124,995	£155,061	19% below HPI
1996 21 FEB	£76,950	£73,436	5% above HPI

What might 31 LORIMER CLOSE be worth now?

31 LORIMER CLOSE might now be worth an estimated £400,523.

This is based on house price inflation of 78%, between March 2008 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 78% inflationary increase is applied to the most recent sale price for 31 LORIMER CLOSE of £225,000 on 25th March 2008. For the value to have increased from £225,000 to £400,523 over the seventeen years and eleven months to April 2026, the following assumptions must hold true:

• The value of 31 LORIMER CLOSE has moved in line with the HPI for detached houses in the Luton local authority area.
• The March 2008 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 31 LORIMER CLOSE has not materially changed since March 2008.

Where is 31 LORIMER CLOSE?

31 LORIMER CLOSE is located in LUTON, in the LU2 postcode district.