5, MULLION CLOSE, LUTON, LU2 7XF - £137,500

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.

5 MULLION CLOSE is a large flat of 55m², built sometime between 1950 and 1966, which could now be worth an estimated £212,177. It was last sold for £137,500 in February 2014, which was around 34% above the average February 2014 flat price in the Luton local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was C.

5 MULLION CLOSE Sold Prices

Land registry data shows two sales for 5 MULLION CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Luton local authority area for the corresponding sale date. One of the two 5 MULLION CLOSE sales was for above the average price, whilst the other was 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
2014 27 FEB	£137,500	£102,700	34% above HPI
2013 3 JUN	£75,000	£99,053	24% below HPI

What might 5 MULLION CLOSE be worth now?

5 MULLION CLOSE might now be worth an estimated £212,177.

This is based on house price inflation of 54.3%, between February 2014 and May 2026, for flats, in the Luton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 54.3% inflationary increase is applied to the most recent sale price for 5 MULLION CLOSE of £137,500 on 27th February 2014. For the value to have increased from £137,500 to £212,177 over the eleven years and nine months to May 2026, the following assumptions must hold true:

• The value of 5 MULLION CLOSE has moved in line with the HPI for flats in the Luton local authority area.
• The February 2014 sale price of £137,500 represented a fair market value for the property.
• The size, condition, and specification of 5 MULLION CLOSE has not materially changed since February 2014.

How Large is 5 MULLION CLOSE?

5 MULLION CLOSE is 55m² according to the EPC inspection conducted in June 2012. This puts it in the largest 40% of flats in Luton, based on EPC data. 61% of flats are smaller than 5 MULLION CLOSE, and 36% of flats are larger. Note that EPC data is not available for all properties in Luton.

5 MULLION CLOSE: Plot

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

Where is 5 MULLION CLOSE?

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