78, BUCHANAN DRIVE, LUTON, LU2 0RT - £235,000

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.

78 BUCHANAN DRIVE is a midsized terraced house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £278,306. It was last sold for £235,000 in December 2017, which was around 6% above the average December 2017 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.

78 BUCHANAN DRIVE Sold Prices

Land registry data shows one sale for 78 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
2017 15 DEC	£235,000	£221,949	6% above HPI

What might 78 BUCHANAN DRIVE be worth now?

78 BUCHANAN DRIVE might now be worth an estimated £278,306.

This is based on house price inflation of 18.4%, between December 2017 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 78 BUCHANAN DRIVE of £235,000 on 15th December 2017. For the value to have increased from £235,000 to £278,306 over the nine years and seven months to May 2026, the following assumptions must hold true:

• The value of 78 BUCHANAN DRIVE has moved in line with the HPI for terraced houses in the Luton local authority area.
• The December 2017 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 78 BUCHANAN DRIVE has not materially changed since December 2017.

How Large is 78 BUCHANAN DRIVE?

78 BUCHANAN DRIVE is 74m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 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 78 BUCHANAN DRIVE lies on this distribution: 46% of terraced houses are smaller than 78 BUCHANAN DRIVE, and 52% of terraced houses are larger. Note that EPC data is not available for all properties in Luton.

78 BUCHANAN DRIVE: Plot

78 BUCHANAN DRIVE sits on a plot of roughly 0.040 of an acre, or 163m².

Where is 78 BUCHANAN DRIVE?

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