5, SPRINGFIELD ROAD, LUTON, LU3 2HF - £209,000

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.

5 SPRINGFIELD ROAD is a very small terraced house of 56m², built sometime between 1983 and 1990, which could now be worth an estimated £252,629. It was last sold for £209,000 in June 2018, which was around 5% below the average June 2018 terraced price in the Luton local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was B.

5 SPRINGFIELD ROAD Sold Prices

Land registry data shows one sale for 5 SPRINGFIELD ROAD 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 25 JUN	£209,000	£219,671	5% below HPI

What might 5 SPRINGFIELD ROAD be worth now?

5 SPRINGFIELD ROAD might now be worth an estimated £252,629.

This is based on house price inflation of 20.9%, between June 2018 and July 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 20.9% inflationary increase is applied to the most recent sale price for 5 SPRINGFIELD ROAD of £209,000 on 25th June 2018. For the value to have increased from £209,000 to £252,629 over the seven years and eleven months to July 2026, the following assumptions must hold true:

• The value of 5 SPRINGFIELD ROAD has moved in line with the HPI for terraced houses in the Luton local authority area.
• The June 2018 sale price of £209,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SPRINGFIELD ROAD has not materially changed since June 2018.

How Large is 5 SPRINGFIELD ROAD?

5 SPRINGFIELD ROAD is 56m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 20% of terraced houses in Luton, based on EPC data. The below chart shows the distribution of terraced houses by size in Luton, and where 5 SPRINGFIELD ROAD lies on this distribution: 13% of terraced houses are smaller than 5 SPRINGFIELD ROAD, and 86% of terraced houses are larger. Note that EPC data is not available for all properties in Luton.

5 SPRINGFIELD ROAD: Plot

5 SPRINGFIELD ROAD sits on a plot of roughly 0.023 of an acre, or 92m².

Where is 5 SPRINGFIELD ROAD?

5 SPRINGFIELD ROAD is located in LUTON, in the LU3 postcode district.