47, BUCHANAN DRIVE, LUTON, LU2 0RX - £236,000

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.

47 BUCHANAN DRIVE is a midsized terraced house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £279,440. It was last sold for £236,000 in October 2018, which was around 6% above the average October 2018 terraced price in the Luton local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

47 BUCHANAN DRIVE Sold Prices

Land registry data shows one sale for 47 BUCHANAN DRIVE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced 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 1 OCT	£236,000	£221,989	6% above HPI

What might 47 BUCHANAN DRIVE be worth now?

47 BUCHANAN DRIVE might now be worth an estimated £279,440.

This is based on house price inflation of 18.4%, between October 2018 and May 2026, for terraced 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 18.4% inflationary increase is applied to the most recent sale price for 47 BUCHANAN DRIVE of £236,000 on 1st October 2018. For the value to have increased from £236,000 to £279,440 over the eight years and five months to May 2026, the following assumptions must hold true:

• The value of 47 BUCHANAN DRIVE has moved in line with the HPI for terraced houses in the Luton local authority area.
• The October 2018 sale price of £236,000 represented a fair market value for the property.
• The size, condition, and specification of 47 BUCHANAN DRIVE has not materially changed since October 2018.

How Large is 47 BUCHANAN DRIVE?

47 BUCHANAN DRIVE is 75m² according to the EPC inspection conducted in June 2018. This puts it in the largest 50% of terraced houses in Luton, based on EPC data. The below chart shows the distribution of terraced houses by size in Luton, and where 47 BUCHANAN DRIVE lies on this distribution: 48% of terraced houses are smaller than 47 BUCHANAN DRIVE, and 50% of terraced houses are larger. Note that EPC data is not available for all properties in Luton.

47 BUCHANAN DRIVE: Plot

47 BUCHANAN DRIVE sits on a plot of roughly 0.084 of an acre, or 338m².

Where is 47 BUCHANAN DRIVE?

47 BUCHANAN DRIVE is located in LUTON, in the LU2 postcode district.